Cobalt traded flat at 33,335 USD/T on June 26, 2025. Over the past month, Cobalt's price has fallen 1.08%, 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.

One metric ton of cobalt cost ****** U.S. dollars in 2022. Industry analysts forecast that the global cobalt price will decrease to less than ****** U.S. dollars per metric ton in 2023 due to a market surplus.

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 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.

Zambia Commodity Prices: Cobalt data was reported at 60,402.170 USD/Tonne in Oct 2018. This records a decrease from the previous number of 62,912.500 USD/Tonne for Sep 2018. Zambia Commodity Prices: Cobalt data is updated monthly, averaging 28,040.914 USD/Tonne from Jan 2013 (Median) to Oct 2018, with 70 observations. The data reached an all-time high of 90,887.500 USD/Tonne in Apr 2018 and a record low of 17,945.631 USD/Tonne in Mar 2013. Zambia Commodity Prices: Cobalt data remains active status in CEIC and is reported by Bank of Zambia. The data is categorized under Global Database’s Zambia – Table ZM.P001: Commodity Price.

In the first quarter (Q1) of 2024, the average price of cobalt metal worldwide amounted to 28,423 U.S. dollars per metric ton. The cobalt metal price was the highest in the first quarter of 2024, and decreased over the following quarters.

In July 2022, the cobalt price per ton amounted to $64.3K (FOB, Canada), with a decrease of -21.1% against the previous month.

Explore the complexities of the 2023 cobalt hydroxide market, impacted by post-pandemic supply chain issues, rising demand from electric vehicle production, and regulatory pressures. This article delves into the fluctuating prices driven by geopolitical influences, technological advancements, and global trade dynamics.

The global cobalt market attained a volume of around 200.10 KMT in the year 2024. The market is further expected to grow at a CAGR of 8.90% between 2025 and 2034 to reach a volume of almost 469.38 KMT by 2034. The market for cobalt has seen a gradual increase due to the rapid rise in electric vehicles (EV) and their respective battery chemistries. The market is expected to grow at a rapid rate as cobalt consumption will increase in the future owing to its essentiality in NMC batteries which are mostly used in EVs. All-purpose li-ion batteries, like those used in power tools and e-bikes, for example, require cobalt for performance, durability, and range. More importantly, the global market growth depends heavily on the U.S. market as manufacturers are increasingly competing to optimize battery efficiency. Cobalt is expected to remain an important element in future battery technologies, as demand for EVs keeps increasing.

Cobalt Ore Price in South Africa - 2023. Find the latest marketing data on the IndexBox platform.

Learn about the expected growth in the cobalt market driven by rising demand in China. Market performance is forecast to increase over the next decade, with a projected volume of 849K tons and a value of $8B by 2035.

The Democratic Republic of the Congo has the largest cobalt reserves in the world, at some *********** metric tons as of 2024. With the world's total cobalt reserves amounting to ********** metric tons that year, the DR Congo accounted for more than **** of the worldwide reserves of the metal. This was followed by Australia, which held an impressive *********** metric tons of the global cobalt reserves in 2024. Cobalt: coveted, yet not so rare Although cobalt is not especially rare – ranking 32nd in global abundance among metals – it has become an increasingly important commodity due to its use in batteries, as well as in alloys, chemicals and ceramics, cemented carbides, and more. It is forecast that in 2040, the global cobalt demand for use in batteries will amount to ******* tons, up from ****** metric tons in recent years. Cobalt's use in batteries applies particularly to the batteries of electric cars which have transformed the demand for this metal; in 2024 the price of cobalt stood at ** U.S. dollars per pound. U.S. cobalt consumption The United States used some ***** metric tons of cobalt in 2023, based on apparent consumption. Cobalt supply in the North American country is achieved primarily through imports and scrap materials. Most of the country's consumption of this metal is destined to the production of superalloys, followed by chemical and ceramic uses.

The average cobalt oxides and hydroxides import price stood at $10,862 per ton in May 2024, waning by -45% against the previous month.

Molybdenum fell to 441 CNY/Kg on June 27, 2025, down 0.68% from the previous day. Over the past month, Molybdenum's price has fallen 6.47%, and is down 8.13% 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 June of 2025.

Nickel rose to 15,162.50 USD/T on July 1, 2025, up 0.15% from the previous day. Over the past month, Nickel's price has fallen 2.24%, and is down 10.83% compared to the same time last year, 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 global samarium cobalt magnets market size reached USD 590.9 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 757.6 Million by 2033, exhibiting a growth rate (CAGR) of 2.66% during 2025-2033. The market is experiencing a significant growth mainly driven by the rising demand in high-temperature applications, renewable energy and advanced electronics. Innovations in manufacturing and recycling technologies, along with geopolitical efforts to secure rare earth supplies, are enhancing the market's stability and facilitating expansion.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on application.

In 2023, supplies from abroad of cobalt oxides and hydroxides and commercial cobalt oxides decreased by -77.3% to 69 tons, falling for the second consecutive year after two years of growth.

As of November 2022, lithium carbonate was the most expensive battery mineral worldwide, with a price of over ****** U.S. dollars per metric ton. Cobalt ranked second, commanding a price of around ****** U.S. dollars per metric ton. As the global electric vehicle market expands, battery minerals used in the production of lithium-ion batteries have seen steep price increases in recent years.

Notes:
Production, means the output of Amorphous Metal Ribbons
Revenue, means the output value of Amorphous Metal Ribbons
Consumption Volume, means the sales volume of Amorphous Metal Ribbons
Consumption Value, means the sales value of Amorphous Metal Ribbons
Price, means the average price of Amorphous Metal Ribbons
The Global Amorphous Metal Ribbons Industry Production, Sales and Consumption Status and Prospects Professional Market Research Report 2018-2025 is a professional and in-depth study on the current state of the Amorphous Metal Ribbons market. Annual estimates and forecasts are provided for the period 2018 through 2030. Also, a five-year historic analysis is provided for these markets. The global market for Amorphous Metal Ribbons is expected to reach about 1135.68 Million USD by 2025 from 673.10 Million USD in 2018, registering a Compounded Annual Growth Rate (CAGR) of 7.76% during the analysis period, 2018-2025. The Amorphous Metal Ribbons industry sales was 223.70 K Tons in 2018 and is projected to reach 423.76 K Tons by 2025, at a CAGR (Compounded Annual Growth Rate) of 9.56% between 2018 and 2025.
The report provides a basic overview of the Amorphous Metal Ribbons industry including definition, classification, application and industry chain structure. Then, the report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share and contact information. What?s more, the Amorphous Metal Ribbons industry development trends and marketing channels are analyzed.
This report studies Amorphous Metal Ribbons focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering
Hitachi Metal
Advanced Technology
Qingdao Yunlu
Henan Zhongyue
China Amorphous Technology
Zhaojing Incorporated
Junhua Technology
Londerful New Material
Shenke
Orient Group
Foshan Huaxin
Market segment by regions, this report splits global into several key regions, with production, industry, revenue, market share and growth rate of Amorphous Metal Ribbons in these regions, from 2013 to 2025 (forecast), like
North America
Europe
China
Japan
Korea
Asia Other
ROW
Split by product types (Ingredients), with production, revenue, price, market share and growth rate of each type, can be divided into
Iron-Based
Cobalt-Based
Other Types
Split by product types (Structure), with production, revenue, price, market share and growth rate of each type, can be divided into
Amorphous Ribbons
Nanocrystalline Ribbons
Split by applications, this report focuses on industry, market share and growth rate of Amorphous Metal Ribbons in each application, can be divided into
Distribution Transformer
Electric Machinery
Electronic Components
Others
In a word, the report provides major statistics on the state of the Amorphous Metal Ribbons industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
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The Nigerien cobalt ore market surged to $73K in 2024, increasing by 66% against the previous year. Over the period under review, consumption showed a resilient expansion. Over the period under review, the market attained the maximum level in 2024 and is likely to see steady growth in the near future.