Why are Cobalt Prices so high?
23-10-2025 - Cobalt prices surged by 41.2% over the past month, from $34,118.0 to $48,160.0 per tonne, hitting both the low and high prices on September 22nd and October 22nd respectively.
Our one month forecast for Cobalt is $51431.05 / t, a significant increase of $3271.05 / t or 6.8%. Our analysis suggests a higher chance of prices falling below our prediction than rising above it.
Our current forecast shows that Technical data has the most significant impact, increasing the price forecast by $2000.96 per tonne. Within the Technical data type, the Futures Curve family contributes $918.75, and Price Signals add $644.23 per tonne. Overall, all types of data, including Demand, Flows, Supply, and Technical, are in agreement, indicating upward price pressure.
Our one month forecast for Cobalt is $51431.05 / t, a significant increase of $3271.05 / t or 6.8%. Our analysis suggests a higher chance of prices falling below our prediction than rising above it.
Our current forecast shows that Technical data has the most significant impact, increasing the price forecast by $2000.96 per tonne. Within the Technical data type, the Futures Curve family contributes $918.75, and Price Signals add $644.23 per tonne. Overall, all types of data, including Demand, Flows, Supply, and Technical, are in agreement, indicating upward price pressure.
What is the current / spot price of Cobalt?
Cobalt Price Today
October 23, 2025
Current Price
49000
$/t
What is the forecast for the price of Cobalt?
Cobalt Price Forecast
October 23, 2025
1 Month Forecast
51431.05
$/t
1 Year Forecast
83232.33
$/t
What are the short-term drivers of Cobalt prices?
What are the long-term drivers of Cobalt prices?
Over the 1 Month horizon the outlook is bullish due to drivers such as: - Cobalt LME Delivered Out - The shape of the futures curve (adjusted for the risk free rate and price volatility) - EWMA-based technical analysis - Long term price trends Br(None)
Over the 1 Year horizon the outlook is bullish due to drivers such as: - The shape of the futures curve (adjusted for the risk free rate and price volatility) Br(None) The top contrary drivers for the 1 Year horizon are: - EWMA-based technical analysis - Movements in the Congolese Franc
Will the price of Cobalt go up?
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1 Week
1 Month
3 Month
6 Month
1 Year
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