Cobalt futures have been falling since early October to reach a 4-month low of 32390 USD/MT, due to lower demand from the aviation industry amid renewed coronavirus curbs. Still, cobalt remains 14% up from July’s 11-month low, amid growing demand from China along with hydroxide tightness and supply chain disruption. Looking ahead, the cobalt market is expected to remain supported by the demand for EVs from China and Europe.

Historically, Cobalt reached an all time high of 95250 in March of 2018. Cobalt - data, forecasts, historical chart - was last updated on November of 2020.

Cobalt is expected to trade at 30786.70 USD/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 26436.72 in 12 months time.

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Cobalt


Cobalt
Cobalt is a hard, lustrous, grey metal with a high melting point (1493°C). Cobalt is used mainly in production of chemicals (58 percent), super alloys for gas turbine blades and jet aircraft engines, special steel, carbides, diamond tools and magnets. By far, the biggest producer of cobalt is Congo, followed by Canada, China, Russia and Zambia. Cobalt futures are available for trading in The London Metal Exchange (LME). The standard contact has a size of 1 tonne.
Energy Price Day Weekly Monthly YTD Date
Crude Oil
USD/Bbl
44.8300 0.70 -1.54% 4.11% 21.79% -26.74% Nov/30
Brent
USD/Bbl
47.2300 0.95 -1.97% 2.54% 21.20% -28.86% Nov/30
Natural gas
USD/MMBtu
2.9240 0.08 2.85% 7.86% -9.86% 36.11% Nov/30
Gasoline
USD/Gal
1.2578 0.02 -1.89% 4.47% 19.56% -26.74% Nov/30
Heating oil
USD/Gal
1.3555 0.03 -1.81% 3.43% 21.86% -33.10% Nov/30
Ethanol
USD/Gal
1.0400 0.33 -24.09% -25.18% -29.25% -25.56% Nov/27
Naphtha
USD/T
371.07 0.03 0.01% 1.43% -1.40% -30.79% Nov/27
Propane
USD/Gal
0.55 0.00 0.11% 1.09% 4.86% 23.12% Nov/27
Uranium
USD/Lbs
29.2000 0.05 0.17% 1.57% -0.68% 17.51% Nov/27

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,776.90 11.23 -0.63% -3.21% -6.24% 16.27% Nov/30
Silver
USD/t.oz
22.201 0.49 -2.18% -5.83% -7.64% 23.20% Nov/30
Platinum
USD/t.oz
959.48 4.09 -0.42% 3.59% 11.76% -0.37% Nov/30

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,187.5000 5.00 -0.42% -0.31% 13.20% 24.07% Nov/30
Wheat
USd/Bu
594.0000 2.50 -0.42% -0.79% -2.22% 5.81% Nov/30
Palm Oil
MYR/T
2,770.00 13.00 0.47% -3.01% 4.33% 0.14% Nov/27
Cheese
USD/Lbs
2.4290 0.00 0.00% -0.12% 5.93% 34.65% Nov/27
Milk
USD/CWT
23.25 0.14 0.61% 0.48% 7.69% 36.28% Nov/30
Rubber
JPY/Kg
250.50 8.00 3.30% 0.20% -16.16% 42.17% Nov/30
Orange Juice
USd/Lbs
128.80 1.45 1.14% 0.86% 9.43% 35.79% Nov/27
Coffee
USd/Lbs
119.40 4.90 4.28% 3.38% 13.71% -6.06% Nov/27
Lumber
USD/1000 board feet
630.90 13.80 2.24% 0.13% 26.33% 55.13% Nov/27
Oat
USd/Bu
290.7500 6.25 2.20% 1.22% -0.60% -2.43% Nov/30
Wool
AUD/100Kg
1,150.00 0.00 0.00% -0.78% 1.05% -26.19% Nov/27
Cotton
USd/Lbs
71.53 0.63 0.89% 0.92% 1.94% 3.26% Nov/27
Cocoa
USD/T
3,035.00 42.00 1.40% 2.46% 27.74% 19.87% Nov/27
Rice
USD/cwt
12.6550 0.02 -0.16% 1.73% 0.88% -2.16% Nov/30
Canola
CAD/T
583.30 0.30 0.05% -0.14% 10.06% 23.71% Nov/30
Sugar
USd/Lbs
14.87 0.05 0.34% -1.85% -0.67% 13.25% Nov/30
Tea
USD/Kgs
2.71 0.00 0.00% 0.00% 1.12% 8.40% Nov/27
Corn
USd/BU
427.0000 1.50 0.35% 0.12% 7.42% 10.26% Nov/30

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
18.95 0.04 -0.21% -0.05% 6.58% 31.78% Nov/27
Feeder Cattle
USd/Lbs
139.8250 0.35 -0.25% 3.88% 3.44% -3.34% Nov/27
Live Cattle
USd/Lbs
110.6250 0.75 -0.67% 2.34% 4.51% -11.90% Nov/27
Lean Hogs
USd/Lbs
65.8750 0.30 -0.45% 2.73% -0.75% -7.93% Nov/27
Poultry
BRL/Kgs
6.36 0.00 0.00% -2.45% 4.78% 18.88% Nov/27

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
3.4500 0.05 1.41% 5.80% 11.90% 22.47% Nov/30
Lithium
CNY/T
39,000.00 0.00 0.00% 0.00% 0.00% -21.21% Nov/30
Bitumen
CNY/T
2,410.00 24.00 -0.99% 3.34% 16.31% -21.60% Nov/30
Steel
CNY/T
4,014.00 26.00 -0.64% -2.69% 8.93% 7.27% Nov/27
Coal
USD/T
68.92 0.60 -0.86% 5.46% 16.18% -1.09% Nov/27
Palladium
USD/t.oz
2,402.52 22.41 -0.92% 2.02% 8.63% 23.87% Nov/30
Cobalt
USD/T
32,390.00 0.00 0.00% 0.00% -2.75% -1.10% Nov/27
Lead
USD/T
2,089.45 66.30 3.28% 4.43% 17.09% 9.20% Nov/27
Aluminum
USD/T
2,012.50 14.25 0.71% 1.27% 11.54% 11.53% Nov/30
Tin
USD/T
18,985.00 50.00 0.26% 1.35% 5.37% 10.44% Nov/30
Zinc
USD/T
2,826.00 17.25 0.61% 0.96% 11.23% 22.34% Nov/30
Nickel
USD/T
16,410.75 186.25 1.15% 1.83% 4.49% 17.64% Nov/27
Molybdenum
USD/Kg
23.50 0.00 0.00% 0.00% 13.53% 6.58% Nov/27
Iron Ore
USD/T
129.50 1.50 1.17% 1.97% 11.64% 40.76% Nov/27
Soda Ash
CNY/T
1,576.00 24.00 -1.50% -13.25% -15.57% 0.60% Nov/30
Neodymium
CNY/T
630,000.00 20,000.00 3.28% 24.02% 42.53% 74.03% Nov/27
Iron Ore 62% fe
USD/T
124.2500 0.62 0.50% 0.73% 3.15% 34.21% Nov/27
Rhodium
USD/t oz.
16,100.00 0.00 0.00% 1.90% 11.81% 166.12% Nov/27
Manganese
CNY/T
28.00 0.00 0.00% 0.00% -5.08% -11.11% Nov/27

Index Price Day Weekly Monthly YTD Date
Baltic Dry
Index Points
1,230.00 11.00 0.90% 7.14% -11.13% 26.02% Nov/27
CRB Index
Index Points
171.03 0.62 0.37% 3.08% 9.76% -13.02% Nov/27
LME Index
Index Points
3,354.60 44.10 1.33% 2.01% 10.39% 17.98% Nov/27
S&P GSCI
Index Points
1,877.49 2.37 0.13% 3.80% 10.88% -27.56% Nov/27