Cobalt decreased 17,775 USD/T or 34.21% since the beginning of 2023, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity.

Historically, Cobalt reached an all time high of 95250 in March of 2018. Cobalt - data, forecasts, historical chart - was last updated on March of 2023.

Cobalt is expected to trade at 33373.35 USD/T by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 31066.20 in 12 months time.

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Cobalt



Price Day Month Year
Coal 175.35 -1.30 -0.74% -16.18% -46.32%
Bitumen 3,594.00 -6.00 -0.17% -5.97% -8.97%
Cobalt 34,180.00 0 0% 0% -58.32%
Lead 2,149.50 5.00 0.23% 1.52% -8.66%
Aluminum 2,348.00 22.00 0.95% -0.63% -34.87%
Tin 24,348.00 953 4.07% -6.97% -42.12%
Zinc 2,892.00 -15.00 -0.52% -3.23% -28.88%
Nickel 23,268.00 1001 4.50% -8.04% -34.40%
Molybdenum 74.00 0 0% -22.92% 61.75%
Palladium 1,415.66 -14.85 -1.04% -1.04% -39.42%
Gallium 1,645.00 0 0% -17.54% -36.12%
Germanium 8,900.00 0 0% 3.49% -3.78%
Manganese 32.50 0 0% -2.99% -5.80%
Indium 1,495.00 0 0% -5.08% 2.75%
Soda Ash 2,770.00 0 0% 0% 6.54%
Neodymium 710,000.00 -10000 -1.39% -19.77% -46.62%
Tellurium 592.50 0 0% 3.49% 33.75%
Iron Ore 62% fe 126.01 -0.65 -0.51% 0.21% -15.92%
Rhodium 8,300.00 0 0% -22.43% -55.14%


Cobalt
Cobalt is a hard, lustrous, grey metal with a high melting point (1493°C). Cobalt is used mainly in the production of chemicals (58 percent), superalloys for gas turbine blades and jet aircraft engines, special steel, carbides, diamond tools, and magnets. By far, the biggest producer of cobalt is DR Congo (more than 50%) followed by Russia (4%), Australia, the Philippines, and Cuba. Cobalt futures are available for trading on The London Metal Exchange (LME). The standard contact has a size of 1 tonne. Futures contracts for Cobalt are financial instruments that allow producers, large consumers, and speculators, to offset or assume the risk of a price change of holding a quantity of Cobalt over time. Prices for Cobalt displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments.
Actual Previous Highest Lowest Dates Unit Frequency
34180.00 34180.00 95250.00 21750.00 2010 - 2023 USD/T Daily