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.