Cobalt Hydroxide Prices | Current and Forecast
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Monitor the current price of Cobalt Hydroxide, as well as 10-year price history and forecasts.
The chart below is a sample of Intratec Primary Commodity Prices. Subscribe and access now current prices of 224 commodities, including Cobalt Hydroxide.
Data Legend. The chart above shows Cobalt Hydroxide price assessment in USA Dollar per metric ton (USD/mt), as follows: Cobalt Hydroxide, import spot price, cif, China
Data Use. Cobalt Hydroxide prices are provided as an annual subscription where subscribers have access to reliable pricing data of 224 commodities worldwide. Intratec's methodology employs a structured big data strategy that utilizes advanced technologies to extract publicly available data from primary sources such as governmental trade records, statistics bureaus, and international agencies. This data is then processed through mathematical models to generate reliable assessments, published at the very beginning of each month. To better understand the data provided check Intratec Primary Commodity Prices Methodology .
Data Delivery Methods. Cobalt Hydroxide price assessments are available via different delivery methods: (i) online charts; (ii) directly into Excel (using Intratec Add-in); (iii) in Power BI dashboards or (iv) a web API (to facilitate integration with existing workflows).
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Track global current prices of 224 commodities including Cobalt Hydroxide
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Cobalt Hydroxide Price Outlook. The price of Cobalt Hydroxide (Global) increased during November 2019 to 25,400 USD per metric ton, which represents a rise of 7% compared to the previous month’s value. On a year-over-year basis, the prices of Cobalt Hydroxide (Global) decreased significantly by 40%.
About Cobalt Hydroxide. Cobalt Hydroxide (a.k.a. Cobalt Hydrate; Cobaltous Hydroxide) is a red powder, insoluble in water but soluble in most organic and inorganic acids and ammonium salt solutions, the reason why it is widely applied to produce other cobalt chemicals. The hydroxide is commonly manufactured by the reaction between a cobalt (II) salt solution and sodium hydroxide after the extraction of cobalt ores. More than half of the world's mining comes from the Democratic Republic of the Congo in Africa. From there, it is transported via road to Southern African Ports and shipped to refining facilities in China, Japan, South Korea, Australia, North and South America, and the EU.
Cobalt Hydroxide Handling. Cobalt Hydroxide should be stored in a dry and well-ventilated place, usually at a temperature of 15-25 °C in tightly closed containers. Crude and refined Cobalt Hydroxide are typically traded in the form of powder and containerized before being shipped for long distances.
Cobalt Hydroxide Production. Raw materials and the respective production processes employed in the manufacturing of Cobalt Hydroxide are listed below.
- Cobalt sulfate + sodium hydroxide (salt formation)
Cobalt Hydroxide Uses. Cobalt Hydroxide can be traded in three primary forms: crude ex-mines (about 30 wt% cobalt content), partly refined with high moisture content (lumpy paste form), and refined powder (about 62.5 wt% cobalt content). Half of global crude-grade production originates from the Democratic Republic of the Congo and is shipped worldwide for refinement for use in medical and technical applications.
