⚗️ Minor & Specialty

Cobalt Price Today

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

Last updated: August 7, 2026

14.88
USD/lb
-0.07%
24h change
+1.02%
7-day change
-2.87%
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
Aug 7, 202614.88-0.07%
Aug 6, 202614.89+1.22%
Aug 5, 202614.71-1.34%
Aug 4, 202614.91-0.07%
Aug 3, 202614.92
Aug 2, 202614.92+0.74%
Aug 1, 202614.81+0.54%
Jul 30, 202614.73+0.89%
Jul 29, 202614.60-0.48%
Jul 28, 202614.67+0.48%
Jul 26, 202614.60-0.48%
Jul 25, 202614.67-1.01%
Jul 24, 202614.82+1.37%
Jul 23, 202614.62-0.41%
Jul 22, 202614.68+1.17%
Jul 21, 202614.51-0.96%
Jul 20, 202614.65-0.07%
Jul 19, 202614.66-0.88%
Jul 17, 202614.79-0.87%
Jul 16, 202614.92-0.67%
Jul 15, 202615.02+0.33%
Jul 14, 202614.97-0.33%
Jul 12, 202615.02-1.31%
Jul 11, 202615.22+0.07%
Jul 10, 202615.21-0.72%
Jul 9, 202615.32
Current Price
14.88
USD/lb
24h
-0.07%
7d
+1.02%
30d
-2.87%
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Prices are indicative and updated daily. Not for use as binding contract prices.