Texture of cobalt, cobalt stone

Cobalt Prices

Cobalt prices declined in recent weeks on strong supply and weaker demand amid muted industrial activity around the globe. Prices averaged USD 33,140 per metric ton in May, which was 3.9% lower than April’s price and was down 57.4% from the same month last year. Meanwhile, on 31 May, cobalt traded at USD 29,083 per metric ton, which was down 15.7% from the same day of the previous month.

This chart displays Cobalt (US$/mt) from 2021 to 2023.

Cobalt (prices in US$/mt, aop)

Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022
Cobalt - 45,868 51,673 61,760 74,418 77,119 52,082 51,504

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Price forecasts and historical data for Cobalt.

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