One metric ton of cobalt cost 63,739 U.S. dollars in 2022. Industry analysts forecast that the global cobalt price will decrease to less than 55,000 U.S. dollars per metric ton in 2023 due to a market surplus.
Price of cobalt worldwide in 2022, with a forecast for 2023 and 2024
(in U.S. dollars per metric ton)
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Price of cobalt worldwide in 2022, with a forecast for 2023 and 2024
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Reuters. (March 7, 2023). Price of cobalt worldwide in 2022, with a forecast for 2023 and 2024 (in U.S. dollars per metric ton) [Graph]. In Statista. Retrieved April 15, 2025, from https://www.statista.com/statistics/1409542/forecast-global-cobalt-price/
Reuters. "Price of cobalt worldwide in 2022, with a forecast for 2023 and 2024 (in U.S. dollars per metric ton)." Chart. March 7, 2023. Statista. Accessed April 15, 2025. https://www.statista.com/statistics/1409542/forecast-global-cobalt-price/
Reuters. (2023). Price of cobalt worldwide in 2022, with a forecast for 2023 and 2024 (in U.S. dollars per metric ton). Statista. Statista Inc.. Accessed: April 15, 2025. https://www.statista.com/statistics/1409542/forecast-global-cobalt-price/
Reuters. "Price of Cobalt Worldwide in 2022, with a Forecast for 2023 and 2024 (in U.S. Dollars per Metric Ton)." Statista, Statista Inc., 7 Mar 2023, https://www.statista.com/statistics/1409542/forecast-global-cobalt-price/
Reuters, Price of cobalt worldwide in 2022, with a forecast for 2023 and 2024 (in U.S. dollars per metric ton) Statista, https://www.statista.com/statistics/1409542/forecast-global-cobalt-price/ (last visited April 15, 2025)
Price of cobalt worldwide in 2022, with a forecast for 2023 and 2024 (in U.S. dollars per metric ton) [Graph], Reuters, March 7, 2023. [Online]. Available: https://www.statista.com/statistics/1409542/forecast-global-cobalt-price/
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