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.

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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 government of Canada has ordered two Hong Kong-based companies and another in China to divest their shares in three lithium miners based in the North American country

Key battery raw materials such as cobalt and lithium were among the main discussion points at London Metal Exchange (LME) Week during the week of Monday, October 24

The Chinese battery-related nickel market has continued to show strength, with domestic prices rising and demand appearing strong for intermediate feedstock products such as nickel mixed-hydroxide-precipitate (MHP). But the international sulfate market has continued to show weakness on a spot basis with little buying interest reported.

Black mass will require a set of global specifications for recycled battery materials for it to be commoditized.

Cobalt futures volume and open interest are accelerating on the CME

Black mass will be increasingly valuable as recycling technology improves, Benoit Couture, the president of lithium-ion battery recycling company Lithion Recycling, told Fastmarkets in an exclusive interview

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