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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Fastmarkets has partnered with the Intercontinental Exchange (ICE) to launch a series of cash-settled lithium, spodumene and cobalt futures contracts that will be settled against Fastmarkets assessments.
EVelution Energy is financing $64.8 million in secured subordinated debt under the US’ EB-5 Immigrant Investor Program to fund the construction and operations of its cobalt production facility in Yuma County, Arizona, the company said in a press release on Wednesday, April 9.
The rationale has been updated to include the following information: Owing to UK public holidays on April 18 & April 21, the cobalt hydroxide cif China price will next be published on April 22. This is in accordance with Fastmarkets’ pricing schedule. The affected price is as follows: MB-CO-0020 Cobalt hydroxide min 30% Co, cif China, […]
Fastmarkets received an array of feedback regarding the proposed changes following the publication of the initial consultation on February 24 and the subsequent extension to the consultation on March 26 to April 9. After carefully reviewing the feedback received, Fastmarkets has decided to proceed with the inclusion of Greatpower cut cathodes, Hanrui cut cathodes, Lygend cut cathodes, and […]
A recent consultation sought feedback on the inclusion of brands into the cobalt standard grade brand list. The feedback received was mixed in its support of adding a powder brand; as a result, Fastmarkets is reopening part of the previous consultation to seek further feedback and clarity on the proposed change. Due to a limited […]
Read Fastmarkets’ monthly battery raw materials market update for April 2025, focusing on raw materials including lithium, cobalt, nickel, graphite and more
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