Latest Cobalt Prices, Trend, Historical & Forecast Data

In Q4 2024, cobalt prices in the U.S. averaged $37,589/MT, driven by steady demand from the battery and electronics industries, supply chain adjustments, and geopolitical factors. This price stability marked a moderate recovery, influenced by the growing electric vehicle sector.

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Cobalt Prices, Chart, Monitor, Analysis and Demand

The price for cobalt in the second half of 2023 reached an average of 37589 USD/MT in the USA and in China cobalt average prices 29657 USD/MT in December 2023.