Texture of cobalt, cobalt stone

Cobalt Prices

Cobalt prices averaged USD 24,080 per metric ton in September, down 4.1% from August. On 30 September, the commodity traded at USD 24,156 per metric ton, up 0.6% from 30 August.

Prices remained soft over the past month due to an excess in supply prompted by higher output from mines in the Democratic Republic of Congo and Indonesia. That said, cobalt traded higher at the end of the month as lower Fed and ECB rates, coupled with Chinese stimulus, boosted demand prospects.

This chart displays Cobalt (US$/mt) from 2022 to 2024.

Cobalt (prices in US$/mt, aop)

Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Cobalt 39,791 32,275 32,982 32,034 28,423 27,440 25,233 -

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Price forecasts and historical data for Cobalt.

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