Cobalt prices averaged USD 55,855 per metric ton in June, unchanged from May. On 30 June, the commodity traded at USD 55,859 per metric ton, unchanged from 29 May.
In June, average cobalt prices remained broadly unchanged for the fourth successive month and well above the 10-year average. Prices were supported by increased supply constraints after the DRC—which produces over 70% of global output—imposed an export ban in February 2025 and introduced export quotas in October 2025.
This chart displays Cobalt (US$/mt) from 2024 to 2026.
Cobalt (prices in US$/mt, aop)
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cobalt | - | - | 25,233 | 24,273 | 25,681 | 33,183 | 33,091 | 47,716 | 55,732 | 55,855 | - | - |