Cobalt long-term forecast
Insights and expert economic modeling to give you unmatched clarity into how the cobalt market will evolve
Cobalt remains a critical battery material for the electric vehicle (EV) and energy storage system (ESS) markets – with the EVs becoming the largest demand segment in 2022. At the same time, the structure of the cobalt market is changing as new, geographically diverse supply is brought to market and the increased focus on ESG is leading to strides in cleaning up the supply chain.
Market participants, particularly battery makers and automakers benefit from a 10-year view. It gives them more flexibility and confidence to include cobalt in the chemistry plans as supply diversity grows and ESG concerns lessen.
The Fastmarkets cobalt long-term forecast leverages our heritage in providing price data and market intelligence in the cobalt market. These insights are paired with expert economic modeling and data to provide market participants and investors with unmatched clarity on how the cobalt market will evolve in the next 10 years.
The 10-year cobalt long-term forecast includes:
- Price forecasts for cobalt standard grade
- Demand forecasts from the EV and ESS markets and from different car types and battery chemistries
- Key ESG and supply chain qualification criteria
- Supply forecasts including an in-depth review of future supply from existing and new production and projects and geographical analysis, including DRC, Indonesia, Americas, Australia, Africa, Europe and the rest of the world
- Analysis of cobalt processing production
- The developments of cobalt recycling and its impact on the supply chain
- Access to expert analysts
Forecasts and insights that give you unmatched clarity into how the cobalt market will evolve over the decade
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Read some of the latest market coverage coming from our team of price reporters, researchers and editorial team from across the globe
There was a typographical error with the figure for the top end of the range being incorrect in the first line of the rationale. This read: “Fastmarkets’ price assessment for cobalt standard grade, in-whs Rotterdam, was $15.10-16.00 per lb on Monday March 24, widening down from $15.70-16.50 per lb in the previous session.” The correct version […]
Cobalt market dynamics are intensifying as the DRC’s export suspension fuels volatility, raises supply chain concerns, and impacts global pricing and investments
Read Fastmarkets’ monthly battery raw materials market update for March 2025, focusing on raw materials including lithium, cobalt, nickel, graphite and more
MB-CO-0004 Cobalt alloy grade, in-whs Rotterdam, $/lb MB-CO-0005 Cobalt standard grade, in-whs Rotterdam, $/lb These prices are a part of the Fastmarkets minor metals package. Additionally, the publication of Fastmarkets’ MB-CO-0023 cobalt hydroxide, min 30% Co, inferred, China price for Monday March 10 was delayed because of an administrative error. Fastmarkets’ pricing database has been updated. MB-CO-0023 cobalt […]
The Democratic Republic of Congo (DRC) has moved to impose a suspension on exports of cobalt for four months due to the low-price environment at the start of the year, according to documents seen by Fastmarkets and sources close to the situation.
Increased metal refining capacity in China and Indonesia has led to a rise in production of Chinese and Indonesian cobalt metal brands. Data gathered from pricing sessions shows an increase in the trading activity of these brands on a spot and forward basis in the in-whs Rotterdam market. This data also shows these brands transacting […]
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