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Cobalt Price Today

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

Last updated: November 10, 2026

Source: Cobalt spot, via MetalpriceAPI

13.86
USD/lb
+0.00%
24h change
+0.07%
7-day change
-14.60%
30-day change

Cobalt (Cobalt spot) was 13.86 USD/lb on 10 November 2026, according to MetalpriceAPI data. That is down 14.60% since 11 Oct 2026.

Cobalt price facts and sources
Price13.86 USD/lb
As of10 November 2026
Type of figureMarket price, live data updated daily
What it measuresCobalt spot
SourceMetalpriceAPI market data
Change since 11 Oct 2026-14.60%
UnitUSD/lb (US dollars per pound)

Indicative only, not a contract price. How MetalsPlace sources its prices

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

Why is cobalt controversial as a battery material?

About 70% of global cobalt comes from the DRC, where significant artisanal mining involves child labour and unsafe conditions. This has led battery manufacturers to actively reduce cobalt content (NMC811, LFP) or develop cobalt-free chemistries.

Historical Prices
Last 30 days — USD/lb
DatePriceDaily Change
Nov 10, 202613.86—
Nov 9, 202613.86—
Nov 8, 202613.86—
Nov 7, 202613.86—
Nov 6, 202613.86—
Nov 5, 202613.86—
Nov 4, 202613.86+0.07%
Nov 3, 202613.85—
Nov 2, 202613.85—
Nov 1, 202613.85—
Oct 31, 202613.85—
Oct 30, 202613.85-3.21%
Oct 29, 202614.31—
Oct 28, 202614.31—
Oct 27, 202614.31—
Oct 26, 202614.31—
Oct 25, 202614.31—
Oct 24, 202614.31—
Oct 23, 202614.31—
Oct 22, 202614.31—
Oct 21, 202614.31-3.05%
Oct 20, 202614.76-3.02%
Oct 19, 202615.22-6.45%
Oct 17, 202616.27—
Oct 16, 202616.27—
Oct 15, 202616.27—
Oct 14, 202616.27+0.25%
Oct 13, 202616.23—
Oct 12, 202616.23—
Oct 11, 202616.23—
Current Price
13.86
USD/lb
24h
+0.00%
7d
+0.07%
30d
-14.60%
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Prices are indicative and updated daily. Not for use as binding contract prices.