Cobalt Prices

15-04-2026 - Over the past month, the cobalt market has experienced minimal price fluctuations, with the cost of cobalt slightly decreasing from $55,861.5 per ton to $55,850.0 per ton. This stability indicates a relatively steady market environment for cobalt during this period. The forecast predicts a slight increase to $56,014.2 per ton, representing a modest 0.3% rise from the current price of $55,850.0 per ton. This suggests a generally flat trend for cobalt, with minimal price changes and associated risks.

The current forecast indicates upward price pressure on raw materials, primarily driven by demand factors linked to the global economy, contributing an impact of $921 per ton. However, supply data also supports this upward trend, while flows and technical data suggest downward pressure, resulting in mixed signals overall.

According to Trading Economics, cobalt is expected to trade at $56,847.27 per metric ton by the end of this quarter, reflecting a slight increase from the current price of $56,290. This projection aligns with the forecasted upward trend in cobalt prices. Overall, the market for cobalt remains relatively stable, with slight upward pressure anticipated in the near term.