Cobalt increased 34,860 USD/MT or 108.29% since the beginning of 2021, 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 December of 2021.

Cobalt is expected to trade at 62150.84 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 59233.07 in 12 months time.

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Cobalt


Price Day Month Year
Coal 156.00 1.00 0.65% -0.83% 112.10%
Bitumen 2,760.00 22.00 0.80% -7.75% 12.84%
Cobalt 67,050.00 900.00 1.36% 15.01% 107.01%
Lead 2,277.00 -47.50 -2.04% -5.17% 12.83%
Aluminum 2,616.25 19.25 0.74% 2.42% 28.11%
Tin 39,365.00 381.00 0.98% 7.99% 107.21%
Zinc 3,164.50 18.50 0.59% -2.35% 15.38%
Nickel 20,067.02 15.52 0.08% 4.17% 26.16%
Molybdenum 44.75 0 0% -0.56% 90.43%
Palladium 1,790.58 8.65 0.49% -10.47% -23.60%
Gallium 2,275.00 0 0% 8.59% 39.57%
Germanium 9,200.00 0 0% 2.22% 29.58%
Manganese 34.50 0 0% -2.82% 24.32%
Indium 1,590.00 0 0% -3.64% 45.87%
Soda Ash 3,200.00 -112.50 -3.40% -13.22% 110.25%
Neodymium 1,045,000.00 0 0% 12.97% 64.57%
Tellurium 475.00 0 0% -2.56% 3.26%
Iron Ore 62% fe 101.49 -0.33 -0.32% 4.45% -28.29%
Rhodium 14,000.00 0 0% -0.71% -13.04%


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.