Commodity Market Report
Global cobalt short-term outlook August 2023
Report summary
Cobalt prices lost recent gains in August amid souring sentiment and slow battery demand. Slow economic recovery and lack of consumer confidence have translated to weak demand for key metal consumption areas, leading to lacklustre buying among traders and consumers. As a result, the benchmark price fell back to below US$16/lb at month end. The alloy cobalt market remained the bright spot supported by healthy aerospace growth, while the feedstock market was undermined by vacation and maintenance breaks.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Global cobalt short-term outlook April 2024
Cobalt prices continued to trend downwards amid weak demand and feedstock oversupply in April 2024
$5,000
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 lead short-term outlook April 2024
A third consecutive month of minimal Chinese exports is supportive of prices that have lifted alongside a surge in cancelled LME warrants.
$5,000