Cobalt prices averaged USD 28,282 per metric ton in March, unchanged from February. On 29 March, the commodity traded at USD 28,364 per metric ton, up 0.6% from 29 February.
Prices ticked up marginally in March, supported by recovering manufacturing activity worldwide: The global manufacturing PMI rose to a near two-year high in March. Nonetheless, oversupply due to strong output in the Democratic Republic of Congo and Indonesia kept a lid on prices.
This chart displays Cobalt (US$/mt) from 2022 to 2024.
Cobalt (prices in US$/mt, aop)
| Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | |
|---|---|---|---|---|---|---|---|---|
| Cobalt | - | - | - | - | - | 77,119 | 52,082 | 51,504 |