Despite some rebound in hydroxide payables and metal prices in late 2019 as Glencore mothballed Mutanda, the largest cobalt mine in the world, the cobalt metal price fell back to close to a 10-month low in June 2020. Written by Keith Kohl. The report also offers the historical (2015-2019) and forecast (2020-2025) markets for the applications and major regions of cobalt. Cobalt … Publish your articles and forecasts in our website. The market will grow by an additional 9% this year to reach 113kt says Woodmac and by 2022 forecast cobalt demand from batteries alone is predicted to reach 98kt – or 61% of the overall cobalt … Daily Metal Prices Toggle navigation. Nickel futures have been trading above $17000 per tonne since December 10th, close to the highest level since October of 2019, amid increasing demand from Chinese steel mills, as the economy rebounds from the coronavirus-hit. “On the demand side, the performance of the EV and consumer electronics sectors in China and Europe would be the most important end-use markets to watch as key demand drivers,” she said. Benchmark’s cobalt hydroxide prices (100% Co contained basis, CIF Asia) have risen from a low of $21,600/tonne in April 2020, at the peak of concern of falling demand linked to the pandemic, to $27,150/tonne as assessed at the end of October 2020, an increase of 25.7%. Lithium reached an all time high of 171000 yuan per metric tonne in October of 2017, according to spot prices … Similarly, Fastmarkets’ Adams said he sees higher prices mainly due to the bottleneck in getting cobalt from Africa to China/Asia. ... First Cobalt signs letter of intent with Kuya Silver for Cobalt … Cobalt market news - Roskill sees a more balanced cobalt market in 2020 & forecasts cobalt … We have seen limited impact to production at the mine site generally speaking, although issues have arisen in getting the cobalt from the mine to refiner.”. “Events like this highlight how disconnected the global industrial metal market and the battery/chemical market in China/Asia can become,” Rawles said. This was most likely driven by the stimulus policy announced by France and Germany, among others. We forecast cobalt prices to fall by 4.6% year over year in 2020, with the downside mitigated by a reduction in mine output — notably from Glencore's Mutanda mine, which accounts for 20% of global supply — and COVID-19 disruptions to refinery output. Price Review & Forecast. By selecting company or companies above, you are giving consent to receive communication from those companies using the contact information you provide. From the start of the year to August 7, Fastmarkets’ standard-grade cobalt metal prices were down by 3 percent, while its Chinese domestic cobalt metal assessments showed prices were up by 7.4 percent. Cobalt Price Forecasts The only publication of its kind, Energy & Metals Consensus Forecasts™ is the result of a comprehensive monthly survey of over 40 of the world’s most prominent commodity forecasters covering over 30 individual commodity price forecasts (list below, right), including cobalt. Cobalt price news . “The shutdowns in Q2 very neatly balanced out the concurrent decline in demand seen during the same period, and it is only once projects began to reopen in early Q3 that prices began to fall and ultimately hit a market low of US$13.80 to US$14,” he said. Posted October 9, 2019. Select 20, complete the request and then select again. “For a period we saw metal falling at a time when the hydroxide feedstock/chemical market in China was surging.”. It gives an in-depth look into the regional price trends in the global cobalt market for the periods (2015-2019) and (2020 … The pandemic saw commodities prices plummet and then rebound in the first half of the year, with cobalt taking a hit, but experiencing some recovery during the second quarter. What happened to cobalt in Q3 2020? A Kansas-based manufacturer Cobalt Boats is far from a newcomer to power boating. Even though there has been little disruption to production in the DRC, low prices and greater government scrutiny have reined in some artisanal supply, according to the firm. “This was mainly the result of subdued demand from end uses as COVID-19 became … Global Cobalt Carbonate Insights, Forecast to 2025. Cobalt spot prices were flat for the month and LME cobalt inventory was about the same. Data: SHFE, DCE market movement (Dec 25) The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on December 25, 2020. 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