The London Metal Exchange three-month futures for cobalt have been rising since mid-June to above $50,000 per tonne, approaching 2018 levels, boosted by increasing sales of EVs in Europe, China and the US. The metal is used in electric vehicles batteries. Although cobalt content in batteries has been cut significantly in recent years, demand is expected to continue to rise as the EV segment remains buoyant around the world.

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

Cobalt is expected to trade at 55020.00 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 63330.75 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
68.3400 0.19 0.28% -7.17% -6.86% 40.85% Aug/05
Brent
USD/Bbl
70.5300 0.15 0.21% -6.09% -5.37% 36.16% Aug/05
Natural gas
USD/MMBtu
4.1700 0.01 0.29% 2.73% 14.65% 64.24% Aug/05
Gasoline
USD/Gal
2.2537 0.00 0.16% -3.07% 1.14% 59.83% Aug/05
Heating oil
USD/Gal
2.0789 0.00 0.23% -5.16% -1.24% 40.09% Aug/05
Ethanol
USD/Gal
2.2200 0.00 0.00% -4.31% -10.48% 54.92% Aug/04
Naphtha
USD/T
649.69 13.79 -2.08% -3.39% -2.60% 50.15% Aug/04
Propane
USD/Gal
1.08 0.01 -0.96% -0.83% -3.03% 67.53% Aug/04
Uranium
USD/Lbs
32.2500 0.00 0.00% -0.46% -1.38% 5.05% Aug/04
Methanol
CNY
2,571.00 76.00 -2.87% -0.81% 1.46% 6.42% Aug/04

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,809.46 1.95 -0.11% -1.01% 0.71% -4.59% Aug/05
Silver
USD/t.oz
25.343 0.01 -0.06% -0.73% -3.03% -3.85% Aug/05
Platinum
USD/t.oz
1,012.00 13.61 -1.33% -4.57% -7.31% -5.06% Aug/05

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,399.5000 4.00 -0.29% -2.42% 2.62% 7.10% Aug/05
Wheat
USd/Bu
717.7500 0.50 0.07% 1.77% 15.77% 12.06% Aug/05
Lumber
USD/1000 board feet
564.50 42.00 -6.93% -7.19% -28.81% -35.35% Aug/04
Palm Oil
MYR/T
4,291.00 148.00 3.57% -0.39% 10.59% 19.19% Aug/04
Cheese
USD/Lbs
1.5960 0.00 0.06% -0.25% -1.48% -3.04% Aug/04
Milk
USD/CWT
16.21 0.18 1.12% -1.64% -3.17% 2.59% Aug/05
Rubber
JPY/Kg
210.00 0.30 -0.14% -0.24% -6.25% -21.88% Aug/05
Orange Juice
USd/Lbs
133.45 4.10 3.17% -4.30% 12.05% 8.28% Aug/04
Coffee
USd/Lbs
174.60 0.25 -0.14% -12.90% 16.91% 36.14% Aug/04
Cotton
USd/Lbs
90.72 0.52 0.58% -0.21% 5.02% 16.13% Aug/04
Cocoa
USD/T
2,390.00 36.00 -1.48% -1.52% 5.33% -8.18% Aug/04
Rice
USD/cwt
13.1600 0.24 -1.79% -3.66% 5.11% 7.52% Aug/05
Canola
CAD/T
868.00 4.80 -0.55% -1.18% 4.43% 37.89% Aug/05
Oat
USd/Bu
442.5000 1.50 -0.34% -4.58% 16.99% 22.66% Aug/05
Wool
AUD/100Kg
1,428.00 0.00 0.00% 0.00% 0.35% 21.95% Aug/04
Sugar
USd/Lbs
17.93 0.05 -0.28% -3.65% 0.34% 15.75% Aug/04
Tea
USD/Kgs
3.34 0.00 0.00% 0.00% 12.84% 16.38% Aug/04
Corn
USd/BU
548.5000 2.75 0.50% -1.70% -16.39% 13.33% Aug/05

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
20.15 0.00 0.00% -0.49% -0.74% 11.08% Aug/04
Feeder Cattle
USd/Lbs
158.8750 0.03 -0.02% -0.81% -1.09% 14.34% Aug/04
Live Cattle
USd/Lbs
123.9500 0.70 0.57% 0.71% 1.27% 7.76% Aug/04
Lean Hogs
USd/Lbs
109.3750 0.35 0.32% 3.48% -0.50% 55.64% Aug/04
Poultry
BRL/Kgs
7.86 0.00 0.00% 0.38% 6.79% 30.78% Aug/04

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
4.3385 0.01 0.20% -4.02% 1.89% 23.29% Aug/05
Coal
USD/T
139.73 13.02 -8.52% -6.91% 1.99% 73.58% Aug/04
Steel
CNY/T
5,518.00 87.00 1.60% -2.46% 10.25% 30.76% Aug/05
Iron Ore
USD/T
191.50 0.00 0.00% -5.43% -13.35% 20.82% Aug/04
Lithium
CNY/T
92,500.00 0.00 0.00% 3.93% -31.99% 98.92% Aug/05
Bitumen
CNY/T
3,180.00 12.00 0.38% -0.69% -8.04% 33.50% Aug/04
Cobalt
USD/T
52,500.00 0.00 0.00% 0.00% 3.96% 63.09% Aug/04
Lead
USD/T
2,440.00 1.51 0.06% 2.82% 6.60% 23.50% Aug/04
Aluminum
USD/T
2,563.50 24.65 -0.95% 0.39% 0.79% 29.42% Aug/04
Tin
USD/T
34,642.50 7.50 -0.02% 0.20% 9.19% 70.53% Aug/04
Zinc
USD/T
2,963.00 12.00 -0.40% -0.13% 0.53% 7.71% Aug/04
Nickel
USD/T
19,235.00 147.50 -0.76% -1.52% 4.47% 16.20% Aug/04
Molybdenum
USD/Kg
42.75 0.00 0.00% 0.00% -15.35% 81.91% Aug/04
Palladium
USD/t.oz
2,644.61 1.82 -0.07% -0.05% -5.33% 8.05% Aug/05
Rhodium
USD/t oz.
19,000.00 100.00 0.53% 3.26% 0.00% 11.76% Aug/04
Gallium
CNY/Kg
1,940.00 20.00 -1.02% -2.27% -8.27% 11.49% Aug/04
Germanium
CNY/Kg
8,150.00 0.00 0.00% 4.49% 6.54% 14.79% Aug/04
Manganese
CNY/T
32.75 0.00 0.00% 0.00% 1.55% 4.80% Aug/04
Indium
CNY/Kg
1,180.00 15.00 1.29% 5.83% 5.83% -0.84% Aug/04
Soda Ash
CNY/T
2,137.50 0.00 0.00% 3.01% 12.38% 59.51% Aug/04
Neodymium
CNY/T
780,000.00 10,000.00 -1.27% 3.65% 28.29% 25.30% Aug/04
Tellurium
CNY/Kg
560.00 0.00 0.00% -0.44% -4.27% 20.43% Aug/04
Iron Ore 62% fe
USD/T
182.51 1.50 0.83% -14.89% -16.12% 17.11% Aug/04

Index Price Day Weekly Monthly YTD Date
CRB Index
Index Points
226.93 1.88 -0.82% -2.54% -0.66% 27.28% Aug/04
LME Index
Index Points
4,234.40 28.20 -0.66% -1.09% 0.95% 24.01% Aug/04
S&P GSCI
Index Points
2,544.96 40.21 -1.56% -2.55% -3.03% 28.73% Aug/04
Nuclear Energy Index
USD
1,319.13 0.10 0.01% -1.40% -1.56% 4.99% Aug/05
Solar Energy Index
USD
434.71 0.55 0.13% 4.18% 2.13% -6.86% Aug/04
EU Carbon Permits
EUR
55.40 1.21 2.23% 2.90% -4.27% 69.32% Aug/04
Wind Energy Index
USD
358.44 1.37 0.38% 2.35% 0.09% -5.71% Aug/04