Cobalt traded flat at 33,335 USD/T on July 10, 2025. Over the past month, Cobalt's price has remained flat, but it is still 22.78% higher than a year ago, 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 July of 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.

Get the latest insights on price movement and trend analysis of Cobalt in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The futures price of cobalt ranged between ****** and ****** 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 ****** 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 ****** 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 ** 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 ** 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.

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

Cobalt Energy market cap as of June 29, 2025 is $0B. Cobalt Energy market cap history and chart from 2010 to 2017. Market capitalization (or market value) is the most commonly used method of measuring the size of a publicly traded company and is calculated by multiplying the current stock price by the number of shares outstanding.

Democratic Republic of the Congo: Cobalt production in metric tons: The latest value from 2022 is 144000 metric tons, an increase from 118000 metric tons in 2021. In comparison, the world average is 9845 metric tons, based on data from 20 countries. Historically, the average for Democratic Republic of the Congo from 1998 to 2022 is 54175 metric tons. The minimum value, 5000 metric tons, was reached in 1998 while the maximum of 144000 metric tons was recorded in 2022.

Nickel fell to 15,143.75 USD/T on July 11, 2025, down 0.92% from the previous day. Over the past month, Nickel's price has risen 0.26%, but it is still 10.16% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Nickel - values, historical data, forecasts and news - updated on July of 2025.

The USA: Cobalt production in metric tons: The latest value from 2022 is 500 metric tons, a decline from 650 metric tons in 2021. In comparison, the world average is 9845 metric tons, based on data from 20 countries. Historically, the average for the USA from 2014 to 2022 is 549 metric tons. The minimum value, 120 metric tons, was reached in 2014 while the maximum of 760 metric tons was recorded in 2015.

Nepal Imports of cobalt oxides and hydroxides, commercial cobalt oxides from Italy was US$600 during 2020, according to the United Nations COMTRADE database on international trade. Nepal Imports of cobalt oxides and hydroxides, commercial cobalt oxides from Italy - data, historical chart and statistics - was last updated on July of 2025.

Brazil: Cobalt production in metric tons: The latest value from 2022 is 291 metric tons, an increase from 266 metric tons in 2021. In comparison, the world average is 9845 metric tons, based on data from 20 countries. Historically, the average for Brazil from 1998 to 2022 is 1607 metric tons. The minimum value, 30 metric tons, was reached in 2019 while the maximum of 3900 metric tons was recorded in 2012.

Cobalt Energy net worth as of June 22, 2025 is $0B. Interactive chart of historical net worth (market cap) for Cobalt Energy (CIEIQ) over the last 10 years. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding.

China: Cobalt production in metric tons: The latest value from 2022 is 2000 metric tons, unchanged from 2000 metric tons in 2021. In comparison, the world average is 9845 metric tons, based on data from 20 countries. Historically, the average for China from 1998 to 2022 is 2668 metric tons. The minimum value, 40 metric tons, was reached in 1998 while the maximum of 7000 metric tons was recorded in 2012.

The Comoros: Cobalt production in metric tons: The latest value from is metric tons, unavailable from metric tons in . In comparison, the world average is 0 metric tons, based on data from countries. Historically, the average for the Comoros from to is metric tons. The minimum value, metric tons, was reached in while the maximum of metric tons was recorded in .

Zhejiang Huayo reported 15.19B in Cost of Sales for its fiscal quarter ending in March of 2025. Data for Zhejiang Huayou Cobalt | 603799 - Cost Of Sales including historical, tables and charts were last updated by Trading Economics this last July in 2025.

Molybdenum traded flat at 510 CNY/Kg on July 11, 2025. Over the past month, Molybdenum's price has risen 6.36%, and is up 6.25% compared to the same time last year, 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 July of 2025.

This statistic shows the demand for cobalt worldwide in 2010 and 2017, with a forecast for 2025. In 2017, the global demand for cobalt amounted to some ** thousand tons, and it is forecasted to increase to *** thousand tons by 2025.

Morocco: Cobalt production in metric tons: The latest value from 2022 is 1700 metric tons, an increase from 1600 metric tons in 2021. In comparison, the world average is 9845 metric tons, based on data from 20 countries. Historically, the average for Morocco from 1998 to 2022 is 1732 metric tons. The minimum value, 287 metric tons, was reached in 1998 while the maximum of 3110 metric tons was recorded in 2010.

Russia: Cobalt production in metric tons: The latest value from 2022 is 9200 metric tons, an increase from 8000 metric tons in 2021. In comparison, the world average is 9845 metric tons, based on data from 20 countries. Historically, the average for Russia from 1998 to 2022 is 6383 metric tons. The minimum value, 3600 metric tons, was reached in 1998 while the maximum of 9700 metric tons was recorded in 2020.

Finland: Cobalt production in metric tons: The latest value from 2022 is 1235 metric tons, an increase from 1084 metric tons in 2021. In comparison, the world average is 9845 metric tons, based on data from 20 countries. Historically, the average for Finland from 2003 to 2022 is 614 metric tons. The minimum value, 27 metric tons, was reached in 2009 while the maximum of 1559 metric tons was recorded in 2020.