Cobalt Metal Price | Current and Forecast
Monitor Cobalt Metal Prices Worldwide
See monthly Cobalt prices in 5 locations: US, Europe, NE Asia, SE Asia. Also check Cobalt price history since 2007 and forecasts. Subscribe now to Intratec Primary Commodity Prices and gain access to current prices of 244 commodities, including Cobalt.
Subscribe To Access
- Prices across Multiple Locations
- Price History since 2007
- Download Data in Excel Format
- Short Term Price Forecasts
- Prices of Up to 244 Commodities
Plans Starting at $299 USD /year
Data Legend. The Cobalt price chart shows the prices in USA Dollar per metric ton (USD/mt) in 4 locations, as follows:
- US: spot, i-w, Baltimore
- Europe: transaction, cif, Germany
- NE Asia: transaction, cif, Japan
- SE Asia: transaction, fob, Australia
Data Use. Cobalt prices are provided as an annual subscription where subscribers have access to reliable pricing data of 244 commodities worldwide. To better understand data provided by Intratec Primary Commodity Prices, check the following documents: Price Assessment Basis , Commodities Specifications , Methodology , User Guide , and Glossary .
Price Dynamics. The Cobalt Metal price in United States decreased during September 2018 to 64,100 USD per metric ton, which represents a considerable decline of 11% compared to the previous month’s value. On a year-over-year basis, Cobalt Metal prices in United States increased significantly by 12%. Meanwhile, in Germany, the average price of Cobalt Metal amounted to 79,800 USD per metric ton, from 65,100 USD per metric ton one year earlier. On a month-over-month basis, the Cobalt Metal price in Germany is 2% higher than the price one month before.
The price of Cobalt Metal in Japan declined slightly throughout September 2018, reaching 86,300 USD per metric ton. The price in Japan is 2% lower than the average price in the previous month and 44% higher than the average price one year before. In contrast, Cobalt Metal prices in Australia decreased significantly during September 2018, reaching 67,300 per, which means a decline of 16% from the previous month’s price and a rise of 10% from the previous year’s price.
Intratec Primary Commodity Prices
Track global current prices of 244 commodities including Cobalt
Plans Starting at $299 USD /year
About Cobalt Metal. Cobalt is a grey, ductile and ferromagnetic metallic element. The metal is present in nature in dispersed form so that it is commercially produced as a byproduct of the mining and processing of other ores, such as copper and nickel, in a way that its output cannot be increased without an increase in the market of the primary metals.
It must be stored in a sealed container, in a cool and dry area. Also, it is necessary to protect from acids.
Raw materials and the respective production processes employed in the manufacturing of Cobalt Metal are listed below.
- Cobalt sulfide ores + limestone + coal (smelting),
- Nickel matte/nickel-copper matte + hydrogen (pressure leaching/reduction; coproduced with nickel),
- Lateritic ore (pressure leaching/solvent extraction/electrolysis; coproduced with nickel),
- Copper-cobalt sulfide ores (ore roasting/acid leaching/electrolysis; byproduct of copper production)
The uses and applications of Cobalt may vary according to its specification. The main forms of Cobalt are blocks; rings; inserts; and segments.
Until de 20th century, most of the Cobalt extracted was used as a blue coloring agent for glass and pottery, although nowadays it is mainly employed in its metallic form. It is commonly added as a bonding agent in cemented carbides, and used as cutting tools for high-strength materials. Other applications involve using Cobalt in several alloys, such as magnetic cobalt-rare earth, satellite, and super alloys, extensively employed in aircraft engines, turbine vanes, and blades.
