Commodity Market Report
Global cobalt short-term outlook November 2022
Report summary
November was a dismal month for cobalt, as the benchmark price tumbled by 13% from the start of the month to finish below US$22/lb. Europe is entering a downturn over the winter, with elevated energy prices and rising inflation hurting consumer confidence and demand for chemical applications such as batteries and catalysts. In China, metal demand remained sluggish in a thinly traded market through November, but the price only dipped by 2% as the purchase from the State Reserves Bureau (SRB) in the middle of the month lent some support. The price differential between China and Europe has therefore narrowed.
Table of contents
- General Motors (GM) partners with Queensland Pacific Metals (QPM)
- The New South Wales government backs up Nico Young
- Nornickel upgrades the Norilsk concentrator
- Jubilee starts cobalt production at Sable
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 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 cobalt short-term outlook February 2024
Cobalt prices remained rangebound in February 2024 with divergence widening across products
$5,000
Commodity Market Report
LNG short-term analytics: Monthly outlook
Monthly update of LNG market outlook including price forecast and market webinars.
$4,000
