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:

Ask about our products today

Strips of solar panels

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

Search cobalt prices
There are no results that match ""

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.

Availability concerns on certain materials and in specific regions have been supporting the emergence of a premium for alloy-grade cobalt against standard-grade material, compounded by the backdrop of the Russia-Ukraine war and its potential effect on flows of Russian cobalt

A ruling by a court in the Democratic Republic of Congo (DRC) placing a temporary administrator in charge of China Molybdenum’s cobalt mine in the country could have significant implications for the cobalt hydroxide market, sources have told Fastmarkets

Cobalt market participants have reported that this week’s Russian invasion of Ukraine will compound the tightness in availability of units in the spot market while some opt to steer clear of handling Russian material

New EV product highlights how investor demand is veering toward achieving higher exposure to the physical commodities that are driving the energy transition

The European Automobile Manufacturer’s Association (ACEA) has called for ‘binding’ targets set at a European level to enable the energy transition of Europe’s transport sector

As demand for cobalt continues to significantly increase, actors in the supply chain look to ensure they can access more sustainably sourced battery raw materials

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 • Palm Oil Analytics • Random Lengths • Hardwood Market Report
• FastMarkets and more