How much does cobalt cost per metric ton?

Prices averaged USD 29,351 per metric ton in June, down 11.4% from May’s price and 59.3% lower year on year. Meanwhile, on 30 June, cobalt traded at USD 33,000 per metric ton, 13.5% higher month on month. This chart displays Cobalt (US$/mt) from 2021 to 2023. Price forecasts and historical data for Cobalt.

How much does cobalt hydroxide cost in Asia?

Cobalt hydroxide cost, insurance, and freight in Asia is currently up by 125.1% versus August 2019, according to BMI’s April cobalt price assessment, which showed an average price of $44,025 per tonne ($19.97 per lb.) during the month.

Is the cobalt price chugging along?

Given a 30% year to date rise in the copper price, the nickel price is chugging along nicely following the March correction, and the cobalt price averaging more than $44,000 per tonne ($19 per lb.) in the year up to mid-May, all active cobalt production capacity is cash positive on an AISC basis, says Roskill.

When did cobalt prices start a recovery?

But cobalt prices only started a meaningful recovery in late 2020, according to London-based Benchmark Mineral Intelligence (BMI).