Cobalt decreased 1,985 USD/T or 6.81% since the beginning of 2024, 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 95250.00 in March of 2018.

Cobalt is expected to trade at 26900.22 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 26164.46 in 12 months time.



Price Day Month Year Date
Coal 136.40 0.95 0.70% -3.02% 3.33% Jun/13
Bitumen 3,461.00 1.00 0.03% -5.69% -8.63% Jun/14
Cobalt 27,150.00 0 0% -2.44% -8.04% Jun/13
Lead 2,156.00 -10.00 -0.46% -5.02% -0.25% Jun/14
Aluminum 2,537.00 -20.00 -0.78% -2.37% 12.78% Jun/14
Tin 33,365.00 1452 4.55% 1.36% 28.01% Jun/12
Zinc 2,816.50 -43.50 -1.52% -5.36% 13.55% Jun/14
Nickel 17,528.50 -116 -0.66% -10.06% -23.46% Jun/14
Molybdenum 497.50 0 0% -0.50% 1.16% Jun/14
Palladium 885.50 7.00 0.80% -12.84% -36.74% Jun/14
Gallium 2,345.00 0 0% 3.99% 41.69% Jun/14
Germanium 10,200.00 0 0% 5.15% 7.94% Jun/14
Manganese 42.50 0 0% 6.92% 32.81% Jun/14
Indium 3,075.00 0 0% 3.36% 96.49% Jun/14
Soda Ash 2,170.00 0 0% 3.83% 11.28% Jun/14
Neodymium 457,500.00 0 0% -7.58% -26.21% Jun/14
Tellurium 600.00 0 0% 1.69% 3.00% Jun/14
Rhodium 4,560.00 0 0% -3.49% -25.25% Jun/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
27150.00 27150.00 95250.00 21750.00 2010 - 2024 USD/T Daily