Cobalt

The trends and forces driving the cobalt market

From continued growth in demand and market share for electric vehicles to the build-up of energy storage systems, cobalt is key in the global transformation to new energy sources. But there is a lack of diversity in the supply chain for battery and automakers. Roughly 70% of mined cobalt comes from the Democratic Republic of Congo – 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 material continue. In response, we’re seeing an even greater need for the recycling of cobalt for electric vehicles.

We provide data-driven insights and analysis to help you understand the market further. From cobalt price data to futures contracts, forecasts to market news, our experts provide you with intelligence on what’s driving the cobalt market.

Subscribing to our cobalt insights will give you access to:

Looking for the latest cobalt news, market intelligence and price reporting?

Search cobalt prices
    • Cobalt mixed hydroxide precipitate payable indicator, % cobalt metal standard grade in-whs Rotterdam, cif China, Japan, and South Korea
    • Cobalt mixed hydroxide precipitate, outright price, cif China, Japan, and South Korea, $/tonne
    • Cobalt hydroxide, min 30% Co, inferred, China, $/Ib

    Download our product brochure to learn more about how our battery raw materials insights and forecasts can help you

    What’s happening in the cobalt market?

    The structure of the cobalt market is changing as new, more diverse supply is brought to market and ESG considerations come more into focus. Get the latest cobalt news and analysis from our expert price reporters, analysts and researchers.

    Cobalt standard grade prices were stable in the week ended Friday April 5, due to poor demand for cobalt intermediates following price increases in early February amid tight supply in Europe.

    TMP Holdings is harnessing the power of critical metals like nickel and cobalt to fuel Saudi Arabia’s ambitious infrastructure and decarbonization initiatives

    Swiss trader Glencore’s profits halved in 2023 due to weaker energy and metals prices and production, according to the company’s full-year results released on Wednesday February 21

    Payables for black mass in key Asian markets showed potential for more downside in the week ended Wednesday January 31, according to market sources

    The emergence of a large oversupply in the cobalt market over the past 18 months has helped drive further evolution into how long-term supply agreements will be structured going into 2024

    The magnets are playing a crucial role in enhancing power, torque, and precision in electric vehicles

    How can we help you?
    Our price data, forecasts and market intelligence will help give you a strategic edge and greater transparency on what’s ahead for the cobalt market.

    Trade on market-reflective prices

    Access critical short- and long-term forecasts in a new generation of energy markets

    Gain a competitive edge in the emerging battery recycling market

    Providing greater transparency into the cost of key Li-ion cell components

    Enable risk management using futures contracts

    Keep on top of volatility with battery materials news and intel

    Meet some of the team behind our cobalt insights and intelligence

    We recognize the importance of being clear about our price assessment and index process. Our independently audited pricing process aligns with core IOSCO principles. Find out how our price reporters and analysts assess and forecast prices in agriculture, forest products and metals

    Talk to us

    Whether you’re interested in learning how to become a customer from our sales teams or looking to get in touch with one of our reporters, we’re here for you.

    Speak to our team

    Why use a price reporting agency?

    Navigate uncertainty and make business decisions with confidence using our price data, forecasts and critical intelligence.

    Learn more

    Fastmarkets combines the commodity intelligence of these familiar names:

    Metal Bulletin • American Metal Market • Scrap Price Bulletin • Industrial Minerals • RISI • FOEX • The Jacobsen • Agricensus • Random Lengths • FastMarkets and more