Does the LME offer a cobalt contract?

Cobalt The LME offers both physical and cash-settled cobalt contracts. Our physically settled cobalt contract launched in 2010, while our cash-settled contact, which settles against Fastmarkets MB’s cobalt price, joined our battery materials offering in 2019.

What is a cobalt contract?

Our physically settled cobalt contract launched in 2010, while our cash-settled contact, which settles against Fastmarkets MB’s cobalt price, joined our battery materials offering in 2019. The contracts are designed to allow market participants who have exposure to the cobalt price in their physical contracts to hedge across the cobalt value chain.

When did cobalt price close down?

Cobalt Price closed down 34000 as ofMay 12, 2023. Cobalt Price trend was last calculated at 0/100 (range: -100 to +100). indicating a negative trend based on MacroVar models. Cobalt Price short-term price momentum was last calculated at 0/100 (range: -100 to +100). indicating a negative short-term momentum.

How much does cobalt cost per pound?

Cobalt is most commonly used in alloys and batteries. Aside from some notable spikes it tends to trade around $15 USD per pound. Cobalt is a chemical element with symbol Co and atomic number 27. It is a transition metal and is ferromagnetic. It is a hard with a silver to bluish-gray color.