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.

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    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.

    The key discussion topics across the battery raw materials sector ahead of Fastmarkets’ Asian Battery Raw Materials conference taking place in Seoul on April 22-23

    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

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