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Cobalt remains a critical battery material for the electric vehicle (EV) and energy storage system (ESS) markets – with the EVs becoming the largest demand segment in 2022. At the same time, the structure of the cobalt market is changing as new, geographically diverse supply is brought to market and the increased focus on ESG is leading to strides in cleaning up the supply chain.
Market participants, particularly battery makers and automakers benefit from a 10-year view. It gives them more flexibility and confidence to include cobalt in the chemistry plans as supply diversity grows and ESG concerns lessen.
The Fastmarkets cobalt long-term forecast leverages our heritage in providing price data and market intelligence in the cobalt market. These insights are paired with expert economic modeling and data to provide market participants and investors with unmatched clarity on how the cobalt market will evolve in the next 10 years.
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Forecasts and insights that give you unmatched clarity into how the cobalt market will evolve over the decade
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The rationale has been updated to include the following information: Owing to UK public holidays on April 18 & April 21, the cobalt hydroxide cif China price will next be published on April 22. This is in accordance with Fastmarkets’ pricing schedule. The affected price is as follows: MB-CO-0020 Cobalt hydroxide min 30% Co, cif China, […]
Fastmarkets received an array of feedback regarding the proposed changes following the publication of the initial consultation on February 24 and the subsequent extension to the consultation on March 26 to April 9. After carefully reviewing the feedback received, Fastmarkets has decided to proceed with the inclusion of Greatpower cut cathodes, Hanrui cut cathodes, Lygend cut cathodes, and […]
A recent consultation sought feedback on the inclusion of brands into the cobalt standard grade brand list. The feedback received was mixed in its support of adding a powder brand; as a result, Fastmarkets is reopening part of the previous consultation to seek further feedback and clarity on the proposed change. Due to a limited […]
Read Fastmarkets’ monthly battery raw materials market update for April 2025, focusing on raw materials including lithium, cobalt, nickel, graphite and more
Critical minerals appear to be exempt from the ‘reciprocal’ tariffs introduced by Donald Trump on Wednesday April 2; US trade paralyzed by confusion, market participants reported.
Fastmarkets proposes to amend its daily price assessment for cobalt, standard grade, in-whs Rotterdam, with the additions of Greatpower cut cathodes, Hanrui cut cathodes, Lygend cut cathodes, Tengyuan cut cathodes and Umicore S1 powder to the brand list. The changes to the specification would be as follows, with the proposed new brands in italics: MB-CO-0005 cobalt standard grade, […]
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