⚗️ Minor & Specialty

Cobalt Price Today

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

Last updated: June 29, 2026

15.57
USD/lb
+0.84%
24h change
+0.84%
7-day change
+0.39%
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
Jun 29, 202615.57+0.84%
Jun 28, 202615.44-1.47%
Jun 26, 202615.67+0.51%
Jun 25, 202615.59-0.64%
Jun 24, 202615.69
Jun 23, 202615.69+0.84%
Jun 22, 202615.56+0.78%
Jun 21, 202615.44+1.11%
Jun 20, 202615.27+0.39%
Jun 18, 202615.21+1.06%
Jun 17, 202615.05-1.51%
Jun 16, 202615.28-0.26%
Jun 15, 202615.32-0.91%
Jun 14, 202615.46+1.11%
Jun 13, 202615.29+0.33%
Jun 12, 202615.24-0.26%
Jun 11, 202615.28-0.91%
Jun 10, 202615.42+0.78%
Jun 9, 202615.30-1.42%
Jun 8, 202615.52+0.91%
Jun 7, 202615.38-1.16%
Jun 6, 202615.56+1.17%
Jun 5, 202615.38-0.06%
Jun 4, 202615.39-1.22%
Jun 3, 202615.58-1.08%
Jun 2, 202615.75+0.25%
Jun 1, 202615.71+1.29%
May 31, 202615.51
Current Price
15.57
USD/lb
24h
+0.84%
7d
+0.84%
30d
+0.39%
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Prices are indicative and updated daily. Not for use as binding contract prices.