Cobalt Prices

Cobalt prices averaged USD 24,292 per metric ton in November, up 0.3% from October. On 29 November, the commodity traded at USD 24,300 per metric ton, up 0.1% from 31 October.

Prices were broadly stable in November, remaining close to historically low levels. A supply glut cause by soaring output from the Democratic Republic of Congo (DRC) and Indonesia has depressed prices throughout the year.