US DLA cancels 7,500 tonne alloy-grade cobalt contract opportunity

Fastmarkets

Oct 15, 2025

Key takeaways: The US DLA cancels an alloy-grade cobalt contract opportunity due to procurement and Statement of Work issues Rising prices of cobalt metal have influenced the timing and strategy of...

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2575322487"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2575322487\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2575322487?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-10-15 12:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2575322487","market":"fut","top_or_hot":-1,"title":"US DLA cancels 7,500 tonne alloy-grade cobalt contract opportunity","media":"Fastmarkets","content":"<div>\n<p>Key takeaways:\n\nThe US DLA cancels an alloy-grade cobalt contract opportunity due to procurement and Statement of Work issues\n\n\nRising prices of cobalt metal have influenced the timing and strategy of...</p>\n\n<a href=\"https://www.fastmarkets.com/insights/us-dla-cancels-alloy-grade-cobalt-contract/\">Source Link</a>\n\n</div>\n","source":"fastmarkets_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS DLA cancels 7,500 tonne alloy-grade cobalt contract opportunity\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-10-15 12:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fastmarkets.com/insights/us-dla-cancels-alloy-grade-cobalt-contract/><strong>Fastmarkets</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key takeaways:\n\nThe US DLA cancels an alloy-grade cobalt contract opportunity due to procurement and Statement of Work issues\n\n\nRising prices of cobalt metal have influenced the timing and strategy of...</p>\n\n<a href=\"https://www.fastmarkets.com/insights/us-dla-cancels-alloy-grade-cobalt-contract/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DLA","symbol_name":"Delta Apparel Co","start_time":0,"source_url":"https://www.fastmarkets.com/insights/us-dla-cancels-alloy-grade-cobalt-contract/","article_id":"2575322487","we_media_id":null,"thumbnails":[],"rights":{"source":"fastmarkets_highlight","url":"https://www.fastmarkets.com/insights/us-dla-cancels-alloy-grade-cobalt-contract/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2575322487","pubTimestamp":1760500800,"columns":[],"sourceInfo":{"source_id":"fastmarkets_highlight","name":"Fastmarkets"},"weMediaInfo":null,"summary":"The US Defense Logistics Agency has canceled its contract opportunity to purchase up to 7,500 tonnes of alloy-grade cobalt due to unresolved issues with the statement of work. The cancellation comes amid a sharp rise in cobalt prices, with the agency indicating the solicitation will be reissued once the issues are resolved.","collect":0,"end_time":0,"defaultTopTitle":"fastmarkets.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"DLA":"Delta Apparel Co","BK4202":"服装、服饰与奢侈品"},"translate_title":"美国DLA取消7,500吨合金级钴合同机会","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DLA":1.5},"content_text":"Key takeaways:\n\nThe US DLA cancels an alloy-grade cobalt contract opportunity due to procurement and Statement of Work issues\n\n\nRising prices of cobalt metal have influenced the timing and strategy of the DLA’s purchase plans\n\n\nHistorical stockpiling of alloy-grade cobalt highlights national security concerns and future procurement outlook\n\nThe US government’s Defense Logistics Agency (DLA), a sub-tier of the Department of Defense, has canceled its contract opportunity to purchase up to 7,500 tonnes of alloy-grade cobalt over a five-year period. It announced this on Wednesday October 15.\nWhy the US DLA cancels alloy-grade cobalt contracts\nFirst announced in August, the DLA intended to award a contract minimum of $2 million (guaranteed). It involved a contract maximum of as much as $500 million of cobalt cut cathode or rounds. This amount could be worth 7,500 tonnes of cobalt metal, according to Fastmarkets estimates.\nThe DLA has canceled the contract opportunity, it said, due to “outstanding issues with the Statement of Work that need resolution before offers may be solicited.”\nThe statement of work is a document that outlines the scope, timeline and costs of procurement.\n“Upon resolution, solicitation will be re-issued with a new opening and closing date,” the DLA said.\n“I guess this will be an ongoing story now. When will they come back, will they, won’t they?” one trader said.\n“This was very unexpected and very strange to do so now. I guess how far prices have increased has made them rethink maybe, but who knows?” a second trader said.\n“They will come back at some point, maybe in six to nine months’ time. They could have bought before the rally” a third trader told Fastmarkets.\nImpact of alloy-grade cobalt price changes on procurement\nFastmarkets’ daily price assessment for cobalt alloy grade, in-whs Rotterdam was $21.00-22.50 per lb on Tuesday October 14. This is up from $12.50-14.00 per lb on February 20. That was just before the Democratic Republic of the Congo (DRC) announced its supply-squeezing export ban.\n“Trying to buy 7,500 tonnes of alloy-grade cobalt at a fixed price in the middle of a rally seems to have proved to be difficult,” a fourth trader said.\nThe DLA first announced the auction on August 19. The buyer extended the deadline six times. There was one amendment to the specification to reflect brands (Vale Long Harbour) that are not qualified for usage in aerospace rotating parts.\nFuture outlook for alloy-grade cobalt stockpiling\nThe US has historically stockpiled materials considered critical to national security via the DLA. The agency held an estimated 302 tonnes of cobalt in its stockpile in 2022. This was when figures were last updated, according to the US Geological Survey.\nThe government shutdown in the US is adding extra pressure on the purchasing process, Fastmarkets understands.\nFind out more about our battery raw materials\n\n\n\nShort-term forecasts reveal price movements and market dynamics to guide purchasing strategies\n\n\nLong-term forecasts offer supply-demand and price outlooks to 2033 for investment and planning decisions\n\n\nPrice data ensures transparency through rigorous assessments and benchmarks from 160 price reporters\n\n\nBattery cost index breaks down lithium-ion cell component and manufacturing costs to support negotiations\n\n\nRisk management helps mitigate price volatility and protect margins\n\n\nBattery recycling outlook provides insights and forecasts on black mass and recycled material supply and technology\n\n\n\nGet in touch","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}