Actual
34620
Daily Change
0 0%
Monthly
-12.66%
Yearly
-28.72%
Q4 Forecast
34275
Cobalt - Summary

Cobalt traded flat at 34,620 USD/T on October 23, 2026. Over the past month, Cobalt's price has fallen 12.66%, and is down 28.72% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity.

Cobalt - Stats

Historically, Cobalt reached an all time high of 95250 in March of 2018. Cobalt - data, forecasts, historical chart - was last updated on October 26 of 2026.

Cobalt - Forecast

Cobalt is expected to trade at 34274.72 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 32826.68 in 12 months time.



Price Day Month Year Date
Coal 150.70 -0.45 -0.30% 5.02% 44.76% Oct/23
Bitumen 5,019.00 151.00 3.10% -2.66% 52.79% Oct/26
Cobalt 34,620.00 0 0% -12.66% -28.72% Oct/23
Lead 1,925.68 11.10 0.58% 0.77% -5.09% Oct/26
Aluminum 3,038.50 -8.80 -0.29% -6.55% 5.64% Oct/26
Tin 50,517.00 428 0.85% -6.47% 41.10% Oct/23
Zinc 3,805.80 57.60 1.54% -1.44% 24.37% Oct/26
Nickel 15,546.00 -319 -2.01% -3.83% 1.38% Oct/26
Molybdenum 600.50 -3.00 -0.50% -3.22% 18.79% Oct/26
Palladium 1,060.50 9.50 0.90% -13.29% -25.11% Oct/26
Gallium 1,740.00 0 0% 0% 2.65% Oct/26
Germanium 28,500.00 0 0% 4.59% 100.70% Oct/26
Manganese 28.75 0 0% -0.35% -3.04% Oct/26
Indium 4,725.00 25 0.53% -10.00% 87.13% Oct/26
Soda Ash 1,025.00 0 0% -2.38% -13.58% Oct/26
Neodymium 942,500.00 0 0% -0.53% 38.60% Oct/26
Tellurium 798.50 0 0% 0% 21.91% Oct/26
Rhodium 9,150.00 0 0% -1.08% 13.66% Oct/26


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
34620.00 34620.00 95250.00 21550.00 2010 - 2026 USD/T Daily