Global Market (GLOBAL) · USD
| Market | Price (USD/oz t) | Status |
|---|---|---|
|
Global Market
viewing
GLOBAL · XX
|
$1.75
per oz t
|
Open |
Cobalt is a hard, lustrous transition metal used mainly in lithium‑ion battery cathodes for electric vehicles and portable electronics, and in superalloys, catalysts and specialty chemicals. It is a critical energy-transition commodity, with demand driven by EV adoption and battery manufacturing, making it strategically important to automakers, battery producers and energy storage supply chains. Pricing is influenced by concentrated supply and geopolitical risk (notably the Democratic Republic of Congo), cobalt’s status as a by‑product of copper and nickel mining, refining capacity, inventory and recycling levels, and shifts in battery chemistries that change cobalt intensity.