Cobalt averaged higher in recent weeks due to soaring supply and a strong closing to March. Prices averaged USD 34,499 per metric ton in April, which was 1.9% higher than March’s price but was down 57.8% from the same month last year. Meanwhile, on 28 April, cobalt traded at USD 34,505 per metric ton, which was unchanged from the same day of the previous month.
This chart displays Cobalt (US$/mt) from 2021 to 2023.
Cobalt (prices in US$/mt, aop)
| Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | |
|---|---|---|---|---|---|---|---|---|
| Cobalt | - | 45,868 | 51,673 | 61,760 | 74,418 | 77,119 | 52,082 | 51,504 |