cobalt price increase

Pay close attention to this cobalt chart. ** Whilst Kerb trading takes place from 16:15 - 17:00 LME Cobalt ceases trading at 16:40. Since July 6, Fastmarkets has been consulting on a proposed increase in the pricing frequency to fortnightly, from August 7. By clicking I accept you agree to such purposes. We use cookies for statistical and measurement purposes, to help improve our website and provide you with a better online experience. Cobalt metal spot prices have shown a remarkable recovery in the past 2 months and are up ~40% from the July low. All rights reserved. The Trading Economics Application Programming Interface (API) provides direct access to our data. The cobalt hydroxide index, min 30% Co, cif China is currently published on the last working day of each month. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Cobalt is used mainly in production of chemicals (58 percent), super alloys for gas turbine blades and jet aircraft engines, special steel, carbides, diamond tools and magnets. We use cookies for statistical and measurement purposes, to help improve our website and provide you with a better online experience. This is mostly due to the news that Glencore will shut down their giant DRC Mutanda Copper-Cobalt Mine starting in 2020 for 2 years to help balance the market. You can find out more and withdraw your consent at any time. To avoid another round of price increase in the near future, it seems to be a best solution now to plan your consumption and stock up what … Cobalt is a hard, lustrous, grey metal with a high melting point (1493°C). We would like to show you a description here but the site won’t allow us. LONDON, November 13, 2017 /PRNewswire/ --. That’s due to softer EV demand and ample industry production capacity at present. Historically, Cobalt reached an all time high of 95250 in March of 2018. You can find out Login or register to view LME Cobalt prices and monthly averages.Your new password must contain eight or more characters and at least one numberLogin or register to view LME Cobalt prices and monthly averages.Your new password must contain eight or more characters and at least one numberAll contracts subject to LME rules and regulations and LME Clear SPAN margining.LME Cobalt can be traded on LMEselect from 01.00 - 19.00 London time, 24 hours a day on the inter-office telephone market and during the below times on the Ring:© 2020 The London Metal Exchange - an HKEX Company. For Fraser, cobalt sulfate prices are expected to remain relatively flat over the course of 2020. Demand could be about to surge from 2k tonnes today to over 300k tonnes in 2030. From August 7, Fastmarkets will publish its cobalt hydroxide index, min 30% Co, cif China on Friday every other week. That's a 14,900% increase … Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Cobalt futures are available for trading in The London Metal Exchange (LME). Cobalt decreased 4,250 USD/MT or 12.98% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity.

Cookie Policy. Totally 60% increase to Cobalt price after year of 2017 and another 30% increase took place in just the first month of 2018. * All metals can be traded during the 13:25 - 13:35 Kerb trading session. By far, the biggest producer of cobalt is Congo, followed by Canada, China, Russia and Zambia. By clicking I accept you agree to such purposes. Current and historical Cobalt prices, stocks and monthly averages. The standard contact has a size of 1 tonne.2010-2020 Data | 2021-2022 Forecast | Price | Quote | Chart | HistoricalDownload historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data.