The cobalt market has seen unprecedented changes in the last few years, making it more important than ever to access trustworthy and impartial insight into this market.
Our prices are considered the benchmarks for this industry and relied on by producers, consumers and traders around the world to make informed business decisions.
Wherever you sit on the cobalt value chain, you can rely on the information we provide to help ensure you manage risk effectively and successfully spot opportunities.
Fastmarkets launch daily cobalt price assessments
Folllowing a consultation period in 2019, we have launched daily price assessments for cobalt standard grade, in-whs Rotterdam, $/lb and cobalt alloy grade, in whs Rotterdam $/lb. The increase in frequency will provide greater transparency and respond more quickly to volatility and price moves in the market.Find out more
Webinar: Cobalt volatility, spot volumes and increasing frequency
Join our expert editorial and pricing team for a discussion on the results from our recent in-depth consultation on cobalt pricing frequency, insights from Fastmarkets’ pricing database and extensive details on the practicalities of daily cobalt pricing.Watch the webinar
Cobalt market finds new ways to do hydroxide business as autos put EV plans into action
A string of long-term deals for cobalt hydroxide show that bullish forecasts for cobalt consumption from the electric vehicle (EV) sector are coming into play. Glencore will supply battery manufacturer SK Innovation with up to 30,000 tonnes of cobalt contained in hydroxide...Read more
Introducing the LME & Fastmarkets cobalt contract
Understand how you can now manage risk more effectively using the LME Cobalt (Fastmarkets MB) contract. We discuss key market development, price drivers in 2019 and how the benchmark cobalt price is assessed.Watch the webinar
The battery boom & emerging spot cobalt hydroxide market
Demand from the battery sector has led to a divergence of cobalt hydroxide prices from the benchmark cobalt price reference. Explore what’s driving this new spot market and why there is a need for a new price reference.Read more
Why is cobalt trading below $20/lb?
Despite increasing demand, cobalt prices had fallen by over 40% in the first months of 2019. What’s causing this? Charlotte Radford examines the fundamentals driving cobalt prices, discussing factors including global demand and supply.Read more
Our cobalt prices
Our standard-grade cobalt price is accepted as the global benchmark for the industry.
In addition, we also assess a range of different specifications including alloy-grade, hydroxide and sulphate prices. These further enable participants of the changing cobalt market to manage their risk and take advantage of opportunities effectively.
Our price assessment process
Being clear about our price assessment and index process is important. You can be confident that our pricing process is impartial, market reflective and market aligned.
Our methodology is aligned with core IOSCO principles and we have successfully completed an assurance review (from PricewaterhouseCoopers) for our financial benchmarks.
We also publish trade logs which lay out business, bids and offers that have been used to inform our price assessments. View an example here.
Benchmark cobalt prices including standard-grade, alloy-grade, cobalt hydroxide and cobalt sulphate are available online and via bespoke data feedsExplore our cobalt prices
Forecasts and analysis
Short-term price forecasts and analysis for cobalt and other battery raw materials are includes as part of our Battery Raw Materials Market TrackerFind out more
Our experts are embedded in the cobalt and battery raw material markets, ensuring regular global coverage of the latest market news and price driversFind out more
LME Cobalt (Fastmarkets MB), a cash-settled derivative contract provides the cobalt market with a much-needed risk management tool, settled on our standard-grade cobalt price.