Commodity Market Report
Global cobalt short-term outlook April 2022
Report summary
April saw divergent price trends across major cobalt markets. European cobalt prices maintained an upward trend, with the average price of standard-grade cobalt approaching US$40/lb. Alloy-grade premium has also returned, underpinning by healthy demand from the aerospace and defence sector. On the contrary, Covid interruptions in China have dragged down prices across a spectrum of metal and chemical products, in turn softening hydroxide payability. Producers in Africa are facing new logistical challenges as Durban was hit hard by unprecedented floods.
Table of contents
- Glencore to supply Murrin Murrin cobalt to General Motors
- Electra Battery Materials Corporation agrees offtake with Glencore
- Tsingshan forges new ventures in battery sector
- EcoPro to take stake in QMB
- SMM discontinues Pomalaa feasibility study
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