Commodity Market Report
Global cobalt short-term outlook February 2023
Report summary
Cobalt prices continued downward amid lacklustre demand and ample supply throughout most of February. The benchmark price lost 10% and dropped below US$16/lb in late February, hitting the lowest level since December 2020. Despite the bearish sentiment, there are signs that the price has bottomed out as restocking from refineries started to pick up at the end of February 2023. In Europe, spot premium remained for alloy-grade cobalt over standard-grade material as aerospace demand appeared more robust than the EV market, benefitting from solid recovery from commercial aviation.
Table of contents
- Aston Minerals announces its discovery of cobalt resource
- Ford Motors and CATL to co-develop a battery plant in Michigan
- EU Critical Raw Materials Act
- Nth Cycle launches high-purity MHP product
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 iron ore short-term outlook February 2023
Green shoots in China, but is the iron ore price too optimistic?
$5,000
Commodity Market Report
Global cobalt investment horizon outlook Q3 2023
The transformation of the cobalt industry will bring huge investment opportunities.
$10,000
Commodity Market Report
Global cobalt short-term outlook August 2023
Cobalt prices lost recent gains amid souring sentiment and slow battery demand. The alloy cobalt market remained as the bright spot.
$5,000
