What is the current price of cobalt?
The Cobalt price today is 34,943. To invest in Cobalt stock you can either buy shares directly through the company or work with a secondary trading marketplace like Nasdaq Private Market.In 2023, the leading exporters of Cobalt were Democratic Republic of the Congo ($2. B), Canada ($456M), and United States ($416M).Cobalt is expected to trade at 35199. USD/T by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 37220.Investing in cobalt stocks could have a substantial upside if long-term demand for EVs and clean energy remains strong. However, cobalt prices tend to be more volatile compared to other metals for several reasons.It all sounds promising on paper, but cobalt prices are mostly out of Cobalt Holdings’ control, he said. It is at the mercy of the market, and commodity prices in general are widely unpredictable. That makes this a high-risk investment.
Will cobalt prices rise?
The Geopolitical Storm Driving Cobalt Prices Higher in 2025 The cobalt market is experiencing significant upward pressure in 2025, with prices climbing dramatically due to a perfect storm of geopolitical factors, strategic stockpiling initiatives, and tightening supply restrictions. Cobalt is expected to trade at 34363. USD/T by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 36436. Cobalt is a hard, lustrous, grey metal with a high melting point (1493°C).In 2024, the main origins of United States’ Cobalt imports were: Norway ($84. M), Canada ($73. M), Japan ($52. M), Madagascar ($47. M), and United Kingdom ($44. M). The fastest growing origins for Cobalt imports in United States between 2023 and 2024 were: Madagascar ($14. M), France ($4. M), and Indonesia ($3. M).Cobalt is expected to trade at 33961. USD/T by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 35911. Cobalt is a hard, lustrous, grey metal with a high melting point (1493°C).
Who are the biggest buyers of cobalt?
In 2022, Top importers of Cobalt ores and concentrates are China ($140,228. K , 26,272,300 Kg), Morocco ($26,506. K , 2,331,500 Kg), Finland ($16,698. K , 1,349,890 Kg), Other Asia, nes ($15,660. K , 2,609 Kg), Italy ($2,274. K , 26,050 Kg). The major cobalt producing states in India are Singhbhum district, Jharkhand; Kendujhar and Jajpur districts of odisha; and Tuensang in Nagaland. Singhbhum copper belt is constituent of Ni-Co-As-S mineralisation contributed by volcanic-sedimentary pile (Sarkar, 1982).This tells us how many years of production they could meet with their current reserves. One point to make clear: the world will not run out of cobalt. The world has about 46 years’ worth of known reserves.The Democratic Republic of Congo is the world’s largest mined cobalt producer, contributing 73.
Is cobalt a good investment?
Like many other sectors, you can invest directly in cobalt stocks, ETFs, or commodities. By 2030, the global cobalt market is expected to surpass $20B. It is a fast-growing sector that will experience increasing demand due to the increased popularity of EVs and the higher demand for rechargeable batteries. Rising global demand With the increasing emphasis on the transition to renewable energy sources, demand for cobalt-based lithium-ion batteries is on the rise. This scenario represents a significant opportunity for investors who want to get ahead of a long-term trend and benefit from the growth of the battery industry.Cobalt is essential for powering our modern technology. The metal is commonly used to make lithium-ion batteries, which are found in items such as electric vehicles, computers, smartphones, and even e-cigarettes. As many countries pivot towards renewable energy, demand for these batteries has never been higher.Cost and Supply Chain Risks: Cobalt is relatively expensive, and its price can be volatile due to supply chain disruptions and geopolitical factors. This can impact the cost-effectiveness of EV battery production.
How much is cobalt per ton 2025?
As of Q2 of 2025, cobalt metal is priced at approximately $33,000 USD per metric ton, while cobalt sulfate and other battery-grade chemicals trade at different levels depending on purity and contract terms. Cobalt prices averaged USD 32,896 per metric ton in August, unchanged from July. On 29 August, the commodity traded at USD 32,907 per metric ton, unchanged from 31 July.