Benchmark cobalt price on the London Metal Exchange accelerated to levels not seen since early January 2019, hovering around $47,000 per tonne amid strong demand from the electric vehicle sector. Cobalt, a key element in lithium-ion batteries, is set to benefit from strong growth in rechargeable batteries and energy storage in the light of impressive demand for electric vehicles. Morgan Stanley expects global electric-vehicle sales will grow 50% or more in 2021, while sales of internal combustion engine vehicles are expected to grow 2% to 5%.

Historically, Cobalt reached an all time high of 95250 in March of 2018. Cobalt - data, forecasts, historical chart - was last updated on February of 2021.

Cobalt is expected to trade at 44673.50 USD/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 38361.40 in 12 months time.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Cobalt


Cobalt
Cobalt is a hard, lustrous, grey metal with a high melting point (1493°C). Cobalt is used mainly in production of chemicals (58 percent), super alloys for gas turbine blades and jet aircraft engines, special steel, carbides, diamond tools and magnets. By far, the biggest producer of cobalt is Congo, followed by Canada, China, Russia and Zambia. Cobalt futures are available for trading in The London Metal Exchange (LME). The standard contact has a size of 1 tonne.
Energy Price Day Weekly Monthly YTD Date
Crude Oil
USD/Bbl
60.4400 0.39 0.65% 3.00% 16.03% 24.57% Feb/17
Brent
USD/Bbl
63.8500 0.50 0.79% 3.87% 16.62% 23.26% Feb/17
Natural gas
USD/MMBtu
3.0860 0.04 -1.37% 6.01% 17.20% 21.54% Feb/17
Gasoline
USD/Gal
1.7937 0.02 1.17% 8.49% 17.73% 27.20% Feb/17
Heating oil
USD/Gal
1.8238 0.01 0.52% 3.57% 14.85% 22.90% Feb/17
Ethanol
USD/Gal
1.6900 0.00 0.00% -1.17% 3.68% 17.93% Feb/16
Naphtha
USD/T
546.19 7.13 1.32% 1.64% 8.89% 26.23% Feb/16
Propane
USD/Gal
0.90 0.02 2.44% 4.57% 2.66% 39.69% Feb/16
Uranium
USD/Lbs
29.6000 0.10 -0.34% -0.34% -2.79% -3.58% Feb/16

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,775.45 18.86 -1.05% -3.62% -3.34% -6.38% Feb/17
Silver
USD/t.oz
27.090 0.13 -0.48% 0.36% 6.95% 2.78% Feb/17
Platinum
USD/t.oz
1,242.69 18.73 -1.48% 0.09% 15.16% 16.58% Feb/17

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,380.2500 2.00 -0.14% 1.64% -2.39% 4.84% Feb/17
Wheat
USd/Bu
639.2500 18.25 -2.78% 0.59% -4.84% -0.20% Feb/17
Palm Oil
MYR/T
3,613.00 78.00 2.21% -0.44% 7.85% 0.36% Feb/17
Cheese
USD/Lbs
1.5810 0.00 -0.06% 0.70% -5.39% -3.95% Feb/16
Milk
USD/CWT
15.64 0.01 0.06% 1.03% -3.58% -1.01% Feb/16
Rubber
JPY/Kg
251.60 4.40 1.78% 1.04% -22.23% -6.40% Feb/17
Orange Juice
USd/Lbs
111.45 2.40 -2.11% -1.42% -6.11% -9.57% Feb/17
Coffee
USd/Lbs
124.90 0.55 0.44% 3.14% -1.77% -2.61% Feb/17
Lumber
USD/1000 board feet
994.60 2.20 0.22% 4.61% 48.89% 13.92% Feb/17
Oat
USd/Bu
351.0000 2.25 -0.64% 0.79% -3.97% -2.70% Feb/17
Wool
AUD/100Kg
1,273.00 0.00 0.00% -0.08% 8.62% 8.71% Feb/16
Cotton
USd/Lbs
87.71 0.41 -0.47% 3.59% 8.08% 12.28% Feb/17
Cocoa
USD/T
2,498.00 5.00 -0.20% -3.22% -3.55% -4.03% Feb/16
Rice
USD/cwt
12.7100 0.01 -0.04% -1.32% -3.68% 3.84% Feb/17
Canola
CAD/T
738.70 0.70 0.09% 5.79% 8.00% 17.35% Feb/17
Sugar
USd/Lbs
16.93 0.20 1.20% 1.32% 5.16% 9.30% Feb/17
Tea
USD/Kgs
3.55 0.00 0.00% 14.52% 21.99% 23.69% Feb/16
Corn
USd/BU
550.7500 1.50 -0.27% 3.04% 3.92% 13.79% Feb/17

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
19.50 0.00 0.00% -0.76% 1.99% 7.50% Feb/16
Feeder Cattle
USd/Lbs
140.7750 0.08 -0.05% 1.53% 4.74% 1.31% Feb/16
Live Cattle
USd/Lbs
115.4750 0.68 -0.58% -0.56% 1.90% 0.39% Feb/17
Lean Hogs
USd/Lbs
86.0000 0.18 -0.20% 5.10% 29.37% 22.38% Feb/17
Poultry
BRL/Kgs
6.42 0.00 0.00% 0.16% 3.55% 6.82% Feb/16

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
3.8235 0.03 -0.73% 1.26% 5.84% 8.68% Feb/17
Lithium
CNY/T
67,500.00 0.00 0.00% 3.05% 25.00% 45.16% Feb/17
Bitumen
CNY/T
2,948.00 56.00 -1.86% 7.20% 19.16% 23.76% Feb/10
Steel
CNY/T
4,294.00 14.00 0.33% 4.55% 1.30% 1.75% Feb/10
Coal
USD/T
77.00 1.68 -2.14% -6.10% -13.48% -5.20% Feb/17
Palladium
USD/t.oz
2,377.01 6.07 -0.25% 0.91% 0.23% -2.89% Feb/17
Cobalt
USD/T
47,000.00 0.00 0.00% 2.84% 25.30% 46.01% Feb/16
Lead
USD/T
2,093.25 19.25 -0.91% 1.26% 5.91% 5.95% Feb/16
Aluminum
USD/T
2,104.25 17.75 0.85% 1.41% 7.28% 6.24% Feb/17
Tin
USD/T
24,565.00 255.00 1.05% 5.45% 15.90% 20.92% Feb/17
Zinc
USD/T
2,826.50 15.25 -0.54% 3.61% 5.50% 2.74% Feb/17
Nickel
USD/T
18,772.25 193.25 1.04% 2.45% 4.21% 13.40% Feb/16
Molybdenum
USD/Kg
26.50 0.00 0.00% 0.00% 6.00% 12.77% Feb/16
Iron Ore
USD/T
159.50 0.00 0.00% 0.00% -7.27% 0.63% Feb/16
Soda Ash
CNY/T
1,360.00 0.00 0.00% 0.00% 0.74% 1.49% Feb/17
Neodymium
CNY/T
710,000.00 0.00 0.00% 0.00% 4.41% 14.06% Feb/16
Iron Ore 62% fe
USD/T
161.0000 1.35 0.85% 1.80% -5.31% 3.31% Feb/16
Rhodium
USD/t oz.
22,300.00 900.00 4.21% 2.29% 3.72% 31.18% Feb/16
Manganese
CNY/T
31.25 0.00 0.00% 0.00% 0.00% 0.00% Feb/16

Index Price Day Weekly Monthly YTD Date
CRB Index
Index Points
199.43 2.53 1.28% 1.87% 7.09% 11.85% Feb/16
LME Index
Index Points
3,690.30 0.90 0.02% 2.87% 5.92% 8.08% Feb/16
S&P GSCI
Index Points
2,261.93 30.42 1.36% 2.27% 8.84% 14.42% Feb/16