Commodity Market Report

Global cobalt short-term outlook December 2023

Get this report


You can pay by card or invoice

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

The cobalt benchmark price fell below US$14/lb by the end of 2023 due to weak demand and slowing consumer purchases during the holiday season. Alloy cobalt prices diverged further from standard-grade units due to tightening spot availability. Cobalt sulphate and tetroxide continued to be sold at deep discounts amid slowing battery demand and feedstock oversupply. Although low cobalt prices are likely to cause further project delays and production curtailments even from major producers, we believe there is no quick solution to absorbing all the excess materials in the market.

Table of contents

  • No table of contents specified

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    Cobalt STO December.pdf

    PDF 2.75 MB