Cobalt increased 9,310 USD/T or 38.31% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Cobalt - values, historical data, forecasts and news - updated on March of 2025.

Zhejiang Huayou Cobalt stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.

The futures price of cobalt ranged between 27,000 and 82,000 U.S. dollars per metric ton between August 2019 and May 2024. The impact of the COVID-19 crisis can be appreciated between March and July 2020, when cobalt futures prices dropped to around 28,500 U.S. dollars per metric ton. The first significant increase in this figure following the beginning of the pandemic was in August 2020, followed by a generalized increase throughout 2021 to the reach a peak of 81,860 U.S. dollars in March 2022. Futures vs. Spot prices Futures prices are delineated in futures contracts, which allow buying or selling a commodity at a predetermined price and date, helping investors forecast the market through futures prices. Almost 30 billion futures contracts were traded worldwide in 2022. In comparison, spot prices indicate the current cost of buying a commodity. For example, the average cobalt spot price in the United States was 31 U.S. dollars per pound in 2022. Cobalt in battery production Cobalt is a primary component of producing batteries, particularly lithium-ion batteries, used in various electronic devices, especially electric vehicles (EVs). EV batteries require a specific amount of cobalt, while conventional vehicles do not. With an increasing demand for lithium-ion batteries in EVs as the EV industry advances, the global cobalt market volume is expected to increase continuously by 2025.

In 2024, the average spot price of cobalt cathode in the U.S. stood at an estimated 17 U.S. dollars per pound. That was a slight decrease compared to the previous year's spot price, which was 17.2 U.S. dollars per pound. While cobalt spot prices have been on the rise in many recent years, they are still lower than in 2018, when the cobalt spot price reached a high of 37.43 U.S. dollars per pound. Cobalt prices Due to market surpluses of cobalt, prices of the mineral commodity have decreased compared to 2022. In 2022, the annual average global price for one metric ton of cobalt amounted to 63,739 U.S. dollars, while it is expected to decrease to 50,320 U.S. dollars per metric ton in 2024. The cobalt futures price as of February 2024 stood at 28,137 U.S. dollars per metric ton. Cobalt in the United States The largest share of cobalt consumption in the United States is attributable to superalloys, followed by chemical and ceramic uses, then steel alloys, and finally cemented carbides. Since the U.S. has only one domestic cobalt mine that opened in 2022, domestic demand is partially met through imports. Between 2019 and 2022, Norway was the largest supplier of cobalt imports to the United States. As of 2021, cobalt in its metal form had the highest value out of all cobalt imports to the United States.

The Australian cobalt market expanded remarkably to $171M in 2024, increasing by 12% against the previous year. In general, consumption recorded a significant increase. Over the period under review, the market reached the maximum level in 2024 and is likely to see gradual growth in the near future.

The global cobalt market is valued at 16.12 billion in 2024 and is expected to reach USD 34.73 billion by 2035, representing a CAGR of 7.23% during the forecast period.

In value terms, cobalt oxides and hydroxides imports amounted to $521M in 2016. Overall, cobalt oxides and hydroxides imports continue to indicate a noticeable slump. In that year, global cobalt oxide...

The market volume of cobalt is forecast to amount to a total of nearly 200,000 metric tons worldwide in 2025, an increase of more than 100 percent from the 2017 market volume of 99,300 metric tons.

The global cobalt market surged to $X in 2021, rising by 22% against the previous year. Over the period under review, consumption, however, saw resilient growth. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the global market remained at a somewhat lower figure.

Zhejiang Huayo reported 17.06 in PE Price to Earnings for its fiscal quarter ending in September of 2024. Data for Zhejiang Huayou Cobalt | 603799 - PE Price to Earnings including historical, tables and charts were last updated by Trading Economics this last March in 2025.

Zhejiang Huayo reported 2.01B in EBIT for its fiscal quarter ending in September of 2024. Data for Zhejiang Huayou Cobalt | 603799 - Ebit including historical, tables and charts were last updated by Trading Economics this last March in 2025.

The New Zealand cobalt market surged to $X in 2021, growing by 58% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a strong expansion. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the near future.

Zhejiang Huayo reported 914.66M in Selling and Administration Expenses for its fiscal quarter ending in September of 2024. Data for Zhejiang Huayou Cobalt | 603799 - Selling And Administration Expenses including historical, tables and charts were last updated by Trading Economics this last March in 2025.

Zhejiang Huayo reported 132.24B in Assets for its fiscal quarter ending in September of 2024. Data for Zhejiang Huayou Cobalt | 603799 - Assets including historical, tables and charts were last updated by Trading Economics this last February in 2025.

In 2024, the Indian cobalt market decreased by -8.9% to $18M, falling for the second consecutive year after two years of growth. Over the period under review, consumption saw a abrupt descent. Cobalt consumption peaked at $52M in 2012; however, from 2013 to 2024, consumption remained at a lower figure.

Future Market Insights reported that the global Nickel Cobalt Aluminum market reached US$ 1,661.7 Million in 2018. Subsequently, demand for the market grew by 5.0% in 2022 and is estimated to reach US$ 2,724.6 Million in 2023. Over the assessment period from 2023 to 2033, worldwide product demand is projected to exhibit a 5.3% compound annual growth rate (CAGR), resulting in a market size of US$ 4,566.6 Million by the end of 2033. The growing need for lightweight materials in the automotive and aerospace industries is encouraging the usage of Products which is boosting the adoption of Products.

Attribute	Details
Market Size (2023)	US$ 2,724.6 Million
Market Projected Size (2033)	US$ 4,566.6 Million
Value CAGR (2023 to 2033)	5.3%

Country-Wise Insights

Country	The United States
Market Size (US$ Million ) by End of Forecast Period (2033)	US$ 947.1 Million
CAGR % 2023 to End of Forecast (2033)	5.0%

Country	China
Market Size (US$ Million) by End of Forecast Period (2033)	US$ 1,006.3 Million
CAGR % 2023 to End of Forecast (2033)	5.9%

Country	India
Market Size (US$ Million) by End of Forecast Period (2033)	US$ 341.5 Million
CAGR % 2023 to End of Forecast (2033)	5.4%

Country	Germany
Market Size (US$ Million) by End of Forecast Period (2033)	US$ 270.2 Million
CAGR % 2023 to End of Forecast (2033)	4.7%

Zhejiang Huayou Cobalt reported 3.39 in Dividend Yield for its fiscal quarter ending in September of 2024. Data for Zhejiang Huayou Cobalt | 603799 - Dividend Yield including historical, tables and charts were last updated by Trading Economics this last March in 2025.

In 2024, the Japanese cobalt market decreased by -18.6% to $226M, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a abrupt decline. Cobalt consumption peaked at $659M in 2018; however, from 2019 to 2024, consumption failed to regain momentum.

Molybdenum decreased 20 CNY/Kg or 4.26% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Molybdenum - values, historical data, forecasts and news - updated on March of 2025.

For the third year in a row, the Myanmar's cobalt market recorded growth in sales value, which increased by 0% to $9K in 2024. In general, consumption recorded a prominent expansion. Over the period under review, the market reached the maximum level at $18K in 2020; however, from 2021 to 2024, consumption stood at a somewhat lower figure.