Cobalt Prices, Chart, Trend, Demand and Forecast

North America Cobalt Prices Movement:

Cobalt Prices Movement in the United States of America:

In the second half of the year, Cobalt Prices in the USA averaged 37,589 USD/MT. Strong demand from electric vehicle and battery sectors supported prices despite global market volatility. Limited domestic supply and reliance on imports contributed to price firmness, while geopolitical tensions and logistic costs added further upward pressure.

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Note: The analysis can be tailored to align with the customer's specific needs.**APAC Cobalt Prices Movement:**

Cobalt Prices in China:

In December, cobalt prices in China averaged 29,657 USD/MT. The market experienced subdued activity due to weakened battery sector demand and rising inventories. Despite upstream supply limitations, reduced downstream purchasing and a cautious economic outlook led to a bearish pricing trend in the final month of the year.

Regional Analysis: The price analysis can be extended to provide detailed Cobalt Prices information for the following list of countries.

China, India, Indonesia, Pakistan, Bangladesh, Japan, the Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hong Kong, Singapore, Australia, and New Zealand, among other Asian countries.

Factors Affecting Cobalt Supply and Prices

Cobalt prices are influenced by demand from battery and electronics industries, especially for EVs. Supply is affected by mining output in key regions like the DRC, geopolitical risks, and export restrictions. Processing costs, technological advancements, and global economic trends also play major roles in determining price movements and availability.

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Key Coverage:

• Market Analysis

• Market Breakup by Region

• Demand Supply Analysis by Type

• Demand Supply Analysis by Application

• Demand Supply Analysis of Raw Materials

• Price Analysis

  • Spot Prices by Major Ports

  • Price Breakup

  • Price Trends by Region

  • Factors influencing the Price Trends

• Market Drivers, Restraints, and Opportunities

• Competitive Landscape

• Recent Developments

• Global Event Analysis

How IMARC Pricing Database Can Help

The latest IMARC Group study, “Cobalt Price, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2025 Edition,” presents a detailed analysis of Cobalt Price trend, offering key insights into global Cobalt market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Cobalt demand, illustrating how consumer behaviour and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

About Us:

IMARC Group is a global management consulting firm that provides a comprehensive suite of services to support market entry and expansion efforts. The company offers detailed market assessments, feasibility studies, regulatory approvals and licensing support, and pricing analysis, including spot pricing and regional price trends. Its expertise spans demand-supply analysis alongside regional insights covering Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa.

IMARC also specializes in competitive landscape evaluations, profiling key market players, and conducting research into market drivers, restraints, and opportunities. IMARC’s data-driven approach helps businesses navigate complex markets with precision and confidence.

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