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 biggest takeaways from a recent webinar led by Janie Davies between Fastmarkets’ William Adams and Dalila Ouerghi with the CME’s Gregor Spilker on the cobalt market outlook for 2022

Electra Battery Materials Corp has signed a battery recycling and cobalt sulfate supply agreement with Japanese conglomerate Marubeni Corp, the Canada-based company said

The suite of commodities contracts will include cobalt metal, cobalt hydroxide, lithium carbonate and lithium hydroxide

Covid-19 pandemic was period of high highs, low lows for battery raw materials, copper, aluminium – 2022 looks set to be smoother year for prices, supply, demand

Fastmarkets analyst William Adams and reporter Alexander Cook size up the cobalt market ahead of LME Week, which begins Monday October 11

Fastmarkets, the industry-leading cross-commodity price reporting agency (PRA), is delighted to announce the successful completion of an independent assurance review of 34 key metals benchmarks.

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