Cobalt

The trends and forces driving the cobalt market

From continued growth in demand and market share for electric vehicles (EVs) to the build-up of energy storage systems, cobalt is key to the energy transition. But there is a distinct lack of diversity in the supply chain for battery and auto makers. Roughly 70% of mined cobalt comes from the Democratic Republic of Congo (DRC) – where the supply and reputational risks for manufacturers are well known – and 70% of cobalt processing occurs in China.

Logistics and shipping disruptions are still a key issue, and high prices for the battery raw material continue. In response, we’re seeing an even greater need for the recycling of cobalt.

We can provide data-driven insights to help you understand the market further. Our cobalt market reporters provide prices, trends and market news so you know what’s driving the cobalt market.

What’s happening in the cobalt market?

Get the latest cobalt news and analysis from our expert price reporters, analysts and researchers.

Participants in China’s battery raw materials market are still struggling to recover from the latest Covid-19 outbreak in the country and the related lockdown measures imposed to prevent further spread of the virus
Surging prices for battery raw materials including lithium, cobalt, nickel and graphite, and the supply/demand imbalance from the lack of investment extraction and production were key topics from our recent risk outlook webinar
Covid-19 lockdown measures in about a dozen Chinese cities have led to slowdowns in many factories and created logistics hurdles that are disrupting trade flows, including for metals such as lithium, cobalt, silicon and magnesium
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