This chart shows Cobalt price assessments in USA Dollar per metric ton (USD/mt) as follows:
- Cobalt, GLO (Global): Cobalt, spot price, i-w, Global
- Cobalt, CN (China): Cobalt, domestic spot price, exw, China
- Cobalt, EUR (Europe): Cobalt, spot price, i-w, Netherlands
The chart above is a sample of Intratec Primary Commodity Prices. Subscribe and access now current prices of 225 commodities, including Cobalt.
Data Use
Cobalt Metal prices are provided as an annual subscription where subscribers have access to reliable pricing data of 225 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 Metal price assessments are available via different delivery methods:
- Online charts
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Cobalt Metal Price Outlook
Cobalt Metal Price Outlook. The price of Cobalt (China) increased during May 2020 to 36,000 USD per metric ton, which represents a rise of 6% compared to the previous month’s value. On a year-over-year basis, the prices of Cobalt (China) increased modestly by 2%. Meanwhile, the average price of Cobalt (Europe) amounted to 34,900 USD per metric ton, from 36,200 USD per metric ton one year earlier. On a month-over-month basis, the price of Cobalt (Europe) is 0.3% lower than the price one month before.
The price of Cobalt (Global) was flat throughout May 2020. The price remained the same when compared to the average price in the previous month and 13% lower than the average price one year before.
About Cobalt Metal
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 by-product 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.
Cobalt Metal Handling. It must be stored in a sealed container, in a cool and dry area. Also, it is necessary to protect from acids.
Cobalt Metal Production. 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)
Cobalt Metal Uses. The uses and applications of Cobalt may vary according to its specification. The main forms of Cobalt are blocks, rings, inserts, and segments with a 99.8% minimum purity.