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.

With the volatility of the battery raw materials market, commodity hedging investments can help to mitigate potential losses

Market sources reported that China’s State Reserve Bureau (SRB) is planning to stockpile cobalt metal, which limited cheaper export offers from the country and helped stabilize international cobalt prices on Tuesday August 9

China’s cobalt sulfate and cobalt metal prices trended down in June after a slight pick-up in demand failed to offset the headwinds of sufficient supply and bearish sentiment following the lifting of Covid-19 lockdowns in Shanghai on June 1.

Constrained EV demand causes further Chinese cobalt sulfate price weakness, which has started to push hydroxide payables lower, despite additional supply issues affecting exports from southern Africa

DRC minister, Julien Paluku Kahongya, says regulation of artisanal mining is the way forward to ensure sustainable and ethical cobalt production for the battery raw materials market

Participants in China’s battery raw materials market are still struggling to recover from the latest Covid-19 outbreak in the country and the related lockdown measures imposed to prevent further spread of the virus

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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.

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