One metric ton of cobalt cost 63,739 U.S. dollars in 2022. Industry analysts forecast that the global cobalt price will decrease to less than 55,000 U.S. dollars per metric ton in 2023 due to a market surplus.
Price of cobalt worldwide in 2022, with a forecast for 2023 and 2024
(in U.S. dollars per metric ton)
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Other statistics that may interest you Cobalt industry worldwide
Overview
3
Reserves
2
Production
4
Countries
7
Refined production
5
Trade
4
Companies
5
Consumption
5
Prices
3
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Reuters. (March 7, 2023). Price of cobalt worldwide in 2022, with a forecast for 2023 and 2024 (in U.S. dollars per metric ton) [Graph]. In Statista. Retrieved May 05, 2024, from
Reuters. “Price of cobalt worldwide in 2022, with a forecast for 2023 and 2024 (in U.S. dollars per metric ton).” Chart. March 7, 2023. Statista. Accessed May 05, 2024.
Reuters. (2023). Price of cobalt worldwide in 2022, with a forecast for 2023 and 2024 (in U.S. dollars per metric ton). Statista. Statista Inc.. Accessed: May 05, 2024.
Reuters. “Price of Cobalt Worldwide in 2022, with a Forecast for 2023 and 2024 (in U.S. Dollars per Metric Ton).” Statista, Statista Inc., 7 Mar 2023,
Reuters, Price of cobalt worldwide in 2022, with a forecast for 2023 and 2024 (in U.S. dollars per metric ton) Statista, (last visited May 05, 2024)
Price of cobalt worldwide in 2022, with a forecast for 2023 and 2024 (in U.S. dollars per metric ton) [Graph], Reuters, March 7, 2023. [Online]. Available: