Commodity Market Report
Global cobalt short-term outlook February 2023
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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
Insight
Global oil supply short-term update - January 2025
Minor upward changes have been made to our outlook as Brent prices strengthen in early January
$1,350
Commodity Market Report
Global inflation outlook Q1 2025
Wood Mackenzie's proprietary inflation forecasts for selected countries.
$3,250
Insight
Zinc: Things to look for in 2025
In this insight we look at the key factors that are going to influence the zinc market in 2025.
