⚗️ Minor & Specialty

Cobalt Price Today

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

Last updated: June 9, 2026

15.30
USD/lb
-1.42%
24h change
-2.86%
7-day change
+1.46%
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 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+1.37%
May 30, 202615.30-0.46%
May 27, 202615.37-0.26%
May 26, 202615.41-0.06%
May 25, 202615.42+0.85%
May 24, 202615.29-0.20%
May 22, 202615.32+0.46%
May 20, 202615.25+0.99%
May 19, 202615.10-0.20%
May 18, 202615.13-0.26%
May 17, 202615.17+0.20%
May 16, 202615.14-0.39%
May 15, 202615.20+0.07%
May 14, 202615.19-0.33%
May 13, 202615.24+1.06%
May 12, 202615.08
Current Price
15.30
USD/lb
24h
-1.42%
7d
-2.86%
30d
+1.46%
Trade Cobalt
Global B2B marketplace
Prices by Country

Prices are indicative and updated daily. Not for use as binding contract prices.