![]() The broker suggested end-user demand in China as being one of the primary drivers in strength. Cobalt prices have risen by more than 40% since December, according to data cited by broker UBS this week. On February 10, Proactive Investors reported:Ĭobalt market set to be in deficit for ten years, says UBS, as price surges. “We see the cobalt market falling into a slight deficit, with supply at 147,000 tonnes and demand rising to 148,000 – but by 2025 this deficit widens, with supply at 211,000 and demand at 238,000 tonnes,” he said. Rawles said Benchmark was forecasting the market to fall into a slight deficit in 2021, which would grow over the coming years. Cobalt prices have soared by about a quarter since the start of the year, driven by the push for electric cars in China and the European Union, as well as Chinese stockpiling, analysts said. Source: Fortune Minerals (video) and courtesy Benchmark Mineral Intelligence Cobalt market newsĬhina’s demand for electric cars drives cobalt prices to highest level in two years. More details on cobalt pricing (in particular the more relevant cobalt sulphate) can be found here at Benchmark Mineral Intelligence or Fast Markets MB.Ĭobalt spot prices - 5-year chart - USD 21.77īNEF cobalt supply and demand forecast - Deficits widening from 2023Ĭobalt demand v supply forecast - Deficits starting in 2026 LME Cobalt inventory is 327 tonnes, much lower than last month's 427 tonnes. The LME cobalt price is US$349,000/tonne. Cobalt price newsĪs of February 22, the cobalt spot price has surged higher again reaching US$21.77/lb, from US17.12/lb last month (and from around US$14 the month before). The past month saw cobalt prices surge higher again and sentiment and stock prices improve significantly for the cobalt miners. View the latest top stories from the Associated Press or Canadian Press (based on your Market selection).Welcome to the February 2021 cobalt miner news. Barchart Commodities Insider Commentaryīarchart Commodities Insider is Ag market commentary for Grains and Oilseeds, Energy, Gold, Silver, Cocoa, Coffee, and Sugar markets. Related Stocksįor comparison purposes, find information on other symbols contained in the same sector. You will see the Long and Short positions from the Legacy Commitments of Traders report, plus either the Long and Short positions from the Disaggregated Report or the Financial TFF Report.Ī link to view a chart with both COT studies applied is also available. The Barchart site's data is then updated, after the official CFTC release. The CFTC then corrects and verifies the data for release by Friday afternoon. Reporting firms send Tuesday open interest data on Wednesday morning. The COT data, as reported by the US Commodity Futures Trading Commission (CFTC), is from Tuesday, and is released Friday by the CFTC. This widget shows the latest week's Commitment of Traders open interest. Analysis of these related ETFs and how they are trading may provide insight to this commodity. Related ETFsįind exchange traded funds (ETFs) whose sector aligns with the same commodity grouping as the symbol you are viewing. The widget shows the Last Price of the commodity you are viewing, compared to the average last price of the same commodity for the past 18 months. They help show patterns and price trends for commodities whose prices often change with the seasons. Seasonal ChartĪ seasonal chart is designed to help you visualize how futures contracts have performed during a calendar year. This section displays additional open contracts for the futures symbol you are viewing. Click the "See More" link to see the full Performance Report page with expanded historical information. This section shows the Highs and Lows over the past 1, 3 and 12-Month periods. ![]() Weighted Alpha: A measure of how much a stock or commodity has risen or fallen over a one-year period.Ī thumbnail of a daily chart is provided, with a link to open and customize a full-sized chart.Average Volume: The average number of shares traded over the last 20 days.Volume: The total number of shares or contracts traded in the current trading session.Previous Close: The closing price from the previous trading session.Open: The opening price for the current trading session is plotted on the day's High/Low histogram.Day High / Low: The highest and lowest trade price for the current trading session.The Quote Overview page gives you a snapshot view for a specific futures symbol. During market hours, delayed exchange price information displays (Futures: 10 minute delay, CT) and new delayed trade updates are updated on the page (as indicated by a "flash").
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