The London Metal Exchange three-month Cobalt price sank towards $47,000 per tonne, the lowest since February 11th, amid expectations that supply-chain bottlenecks should continue to ease through the second quarter. Earlier in the month, Chinese battery maker CATL said it would acquire roughly 24% of one of the largest undeveloped cobalt mines in the world, located in DR of Congo, for $137.5 million. Still, Cobalt prices have risen 44% so far this year, amid continued strong demand from the electric vehicle sector.

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

Cobalt is expected to trade at 44768.55 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 38443.02 in 12 months time.

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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
63.8800 1.12 -1.72% 2.80% 7.98% 31.66% Apr/30
Brent
USD/Bbl
67.4900 1.07 -1.56% 2.09% 7.57% 30.29% Apr/30
Natural gas
USD/MMBtu
2.8970 0.01 -0.48% 6.12% 11.08% 14.10% Apr/30
Gasoline
USD/Gal
2.0697 0.03 -1.44% 3.71% 5.61% 46.78% Apr/30
Heating oil
USD/Gal
1.9312 0.03 -1.54% 3.08% 9.12% 30.13% Apr/30
Ethanol
USD/Gal
2.3300 0.00 0.00% 5.96% 23.61% 62.60% Apr/29
Naphtha
USD/T
558.48 0.85 0.15% 1.15% -2.50% 29.07% Apr/29
Propane
USD/Gal
0.82 0.00 0.12% 1.29% -11.40% 26.72% Apr/29
Uranium
USD/Lbs
29.1500 0.10 0.34% 1.04% -6.27% -5.05% Apr/29

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,771.13 0.11 -0.01% -0.34% 3.76% -6.61% Apr/30
Silver
USD/t.oz
25.976 0.11 -0.41% -0.05% 6.50% -1.45% Apr/30
Platinum
USD/t.oz
1,211.73 13.72 1.15% -1.45% 2.06% 13.68% Apr/30

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,528.0000 14.50 -0.94% -0.76% 6.35% 16.93% Apr/30
Wheat
USd/Bu
731.5000 6.00 -0.81% 2.99% 18.37% 14.21% Apr/30
Palm Oil
MYR/T
3,946.00 10.00 0.25% 0.48% 9.25% 9.61% Apr/30
Cheese
USD/Lbs
1.7040 0.00 0.00% -0.12% 6.30% 3.52% Apr/29
Milk
USD/CWT
17.63 0.01 -0.06% -0.11% 8.83% 11.58% Apr/29
Rubber
JPY/Kg
242.70 13.70 5.98% 8.35% 0.71% -9.71% Apr/30
Orange Juice
USd/Lbs
107.60 3.20 -2.89% -4.74% -3.06% -12.70% Apr/29
Coffee
USd/Lbs
141.40 2.90 -2.01% 5.29% 15.33% 10.25% Apr/29
Lumber
USD/1000 board feet
1,454.30 32.00 2.25% 9.80% 46.96% 66.57% Apr/29
Oat
USd/Bu
394.5000 1.75 -0.44% -1.13% 4.16% 9.36% Apr/30
Wool
AUD/100Kg
1,335.00 0.00 0.00% 1.75% 3.17% 14.01% Apr/29
Cotton
USd/Lbs
87.56 1.18 -1.33% 3.45% 8.58% 12.08% Apr/29
Cocoa
USD/T
2,459.00 27.00 1.11% 2.03% 4.77% -5.53% Apr/29
Rice
USD/cwt
13.3700 0.21 1.56% 0.07% 1.13% 9.23% Apr/29
Canola
CAD/T
893.00 2.00 -0.22% 1.75% 22.82% 41.86% Apr/29
Sugar
USd/Lbs
16.83 0.25 -1.46% -0.47% 13.95% 8.65% Apr/30
Tea
USD/Kgs
2.77 0.00 0.00% 2.59% 1.84% -3.48% Apr/29
Corn
USd/BU
699.2500 2.75 -0.39% 6.67% 23.93% 44.47% Apr/30

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
20.38 0.04 -0.20% -0.63% 1.39% 12.35% Apr/29
Feeder Cattle
USd/Lbs
135.8500 0.88 0.65% 2.72% -7.47% -2.23% Apr/29
Live Cattle
USd/Lbs
119.4750 0.53 0.44% 0.97% -1.24% 3.87% Apr/29
Lean Hogs
USd/Lbs
108.7250 2.55 -2.29% 1.19% 7.73% 54.71% Apr/29
Poultry
BRL/Kgs
6.68 0.01 0.15% 3.09% 2.30% 11.15% Apr/29

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
4.5215 0.03 0.63% 4.23% 12.95% 28.49% Apr/30
Lithium
CNY/T
90,000.00 0.00 0.00% 0.00% 5.88% 93.55% Apr/30
Bitumen
CNY/T
3,000.00 60.00 2.04% 5.04% 5.34% 25.94% Apr/30
Steel
CNY/T
5,363.00 31.00 0.58% 3.27% 11.27% 27.09% Apr/29
Coal
USD/T
90.40 0.55 0.61% 0.58% 0.44% 11.30% Apr/29
Palladium
USD/t.oz
2,982.67 30.69 1.04% 4.47% 13.88% 21.86% Apr/30
Cobalt
USD/T
47,100.00 0.00 0.00% -5.33% -6.73% 46.32% Apr/29
Lead
USD/T
2,098.25 17.68 0.85% 3.44% 7.78% 6.20% Apr/29
Aluminum
USD/T
2,437.00 22.00 0.91% 2.79% 11.06% 23.03% Apr/30
Tin
USD/T
28,995.00 632.50 2.23% 8.43% 14.68% 42.73% Apr/30
Zinc
USD/T
2,916.25 4.25 0.15% 4.38% 4.51% 6.01% Apr/30
Nickel
USD/T
17,232.00 178.00 -1.02% 7.57% 8.39% 4.10% Apr/29
Molybdenum
USD/Kg
27.00 0.00 0.00% 0.00% -3.74% 14.89% Apr/29
Iron Ore
USD/T
192.00 0.00 0.00% 3.50% 16.36% 21.14% Apr/29
Soda Ash
CNY/T
1,752.00 0.00 0.00% 0.00% 0.92% 30.75% Apr/30
Neodymium
CNY/T
695,000.00 0.00 0.00% -2.11% -16.52% 11.65% Apr/29
Iron Ore 62% fe
USD/T
179.31 0.51 0.29% 1.68% 7.38% 15.06% Apr/29
Rhodium
USD/t oz.
29,350.00 450.00 1.56% 1.21% 11.81% 72.65% Apr/29
Manganese
CNY/T
30.75 0.00 0.00% 0.00% 1.65% -1.60% Apr/29

Index Price Day Weekly Monthly YTD Date
CRB Index
Index Points
213.26 0.33 0.16% 3.08% 8.55% 19.61% Apr/29
LME Index
Index Points
4,186.90 4.30 0.10% 4.62% 10.64% 22.62% Apr/29
S&P GSCI
Index Points
2,443.04 17.95 0.74% 3.75% 8.47% 23.58% Apr/29