Co
Cobalt
Enhances battery energy density and thermal stability, crucial for premium EV applications.
Current Spot Price
$28,900USD/tonne
-2.1%vs. last month
Last updated: February 19, 2026
190,000
Global Production
tonnes/year
+24%
Battery Demand
YoY
DRC
Top Producer
~70% share
Mixed
Market Outlook
Q1 2026
6-Month Price Trend
Historical spot price movement
Aug 2025
$30,200
Sep 2025
$30,500
Oct 2025
$29,800
Nov 2025
$29,400
Dec 2025
$29,100
Jan 2026
$28,900
Primary Applications
EV Batteries58%
Superalloys18%
Consumer Electronics14%
Other Industrial10%
Top Producing Countries
DR Congo70%
Russia5%
Australia4%
Philippines3%
Other18%
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Disclaimer: All prices and data displayed are for demonstration purposes only. This is not real market data.