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
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Macro oils short-term outlook: April 2024
This quarter’s tighter fundamentals provide support to prices as the oil market focuses on political risk
$2,000
Commodity Market Report
Global cobalt strategic planning outlook Q1 2024
The cobalt market will need a few years to destock before welcoming a new price cycle in the late 2020s.
$10,000
Commodity Market Report
Global product markets short-term outlook April 2024
Monthly global commodity market reports and global product-by-product supply- demand balance with stock forecasts and a net trade forecasts
$1,900