Cobalt prices stage dramatic rally as battery demand and supply chain issues push cobalt hydroxide up 65.5% year-to-date

The cobalt market has kicked off 2021 in spectacular fashion, with substantial price increases observed across the supply chain, particularly for battery-focused chemicals and feedstocks.

According to the February 2021 issue of Benchmark's Cobalt Price Assessment, cobalt hydroxide prices have surged by 65.5% YTD, whilst cobalt sulphate and metal prices have increased 56.1% and 42.4% YTD respectively.

Cobalt prices are now at their highest point since Q3 2018 with sulphate and metal recording their greatest average monthly increase in Benchmark’s February Cobalt Price Assessment.
What is behind cobalt’s price rises?
Amid . . .

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