⚗️ Minor & Specialty

Cobalt Price Today

Cobalt metal and chemicals used in lithium-ion batteries, superalloys, and cutting tools.

Last updated: April 6, 2026

15.56
USD/lb
+0.97%
24h change
+5.99%
7-day change
-0.83%
30-day change
30-Day Price Trend
About Cobalt

Cobalt is a critical battery metal used in lithium-ion battery cathodes for electric vehicles and portable electronics. Supply is heavily concentrated in the Democratic Republic of Congo.

Common Grades & Types
Cobalt Metal (99.8%)
Standard metal, the exchange delivery standard.
Cobalt Scrap (turnings, alloy)
Superalloy and hard metal scrap with cobalt content.
Black Mass
Processed lithium-ion battery scrap containing cobalt, lithium, nickel.
Key Applications
  • EV battery cathodes (NMC, NCA)
  • Superalloys (aircraft turbine blades)
  • Hard metals (cemented carbide)
  • Magnets (SmCo)
  • Chemical catalysts
What Drives Cobalt Prices
  • 1EV battery demand and cathode chemistry trends
  • 2DRC political and supply risk
  • 3Battery recycling supply (black mass)
  • 4NMC vs LFP battery chemistry shift (LFP uses no cobalt)
  • 5Chinese inventory levels
Frequently Asked Questions

Historical Prices
Last 30 days — USD/lb
DatePriceDaily Change
Apr 6, 202615.56+0.97%
Apr 5, 202615.41+1.18%
Apr 4, 202615.23+1.06%
Apr 3, 202615.07+1.21%
Apr 2, 202614.89-0.33%
Apr 1, 202614.94+1.49%
Mar 31, 202614.72+0.27%
Mar 30, 202614.68-0.27%
Mar 29, 202614.72-1.14%
Mar 28, 202614.89
Mar 27, 202614.89-1.26%
Mar 25, 202615.08+0.33%
Mar 24, 202615.03-1.51%
Mar 23, 202615.26-1.36%
Mar 22, 202615.47+1.24%
Mar 21, 202615.28+1.06%
Mar 20, 202615.12+1.00%
Mar 19, 202614.97-0.86%
Mar 18, 202615.10+0.47%
Mar 17, 202615.03-0.33%
Mar 16, 202615.08-1.50%
Mar 15, 202615.31-0.33%
Mar 14, 202615.36-0.07%
Mar 13, 202615.37-0.65%
Mar 12, 202615.47-1.65%
Mar 11, 202615.73+0.25%
Mar 10, 202615.69
Current Price
15.56
USD/lb
24h
+0.97%
7d
+5.99%
30d
-0.83%
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Prices are indicative and updated daily. Not for use as binding contract prices.