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 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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Fastmarkets wishes to clarify in this pricing notice its current methodological approach to Russian brands in its metals and mining pricing assessment process after Russia’s unprovoked invasion of Ukraine.
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
Fastmarkets has added a section to its cobalt methodology clarifying how the cobalt metal monthly averages on Fastmarkets’ platform are calculated, following market demand for further clarification
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