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 London Metal Exchange has announced new additions to the LMEpassport which will provide increased transparency on brands using scrap material and broaden disclosure to non-LME brands

High global energy costs coinciding with potential macroeconomic headwinds are threatening the production of metals that are pivotal in helping countries meet decarbonization goals

United States automotive firm General Motors (GM) announced it has entered a collaboration agreement with Australia-based miner Queensland Pacific Metals (QPM) for nickel and cobalt sulfate supply

The Singapore Exchange (SGX) launched a set of battery raw materials derivatives on Monday September 26, including contracts for cobalt metal, cobalt hydroxide, lithium carbonate and lithium hydroxide

How to use seasonal and technical analysis within your risk management tool kit

Competition to establish market share in the battery-grade manganese sulfate market in China is heating up, with expected growth in the electric vehicle (EV) market driving new participants into the sector so far in 2022

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