Cobalt
Overview
A transition metal critical for lithium-ion battery cathodes, aerospace superalloys, and tool steels. The DRC produces 70% of global supply, creating significant concentration risk.
Strategic Relevance
Essential for high-energy-density batteries (NMC/NCA). LFP alternatives are gaining share but cobalt remains critical for premium EV and aerospace applications.
Applications
Price History
Historical price trend (USD/kg or USD/tonne)
Physical Properties
- Density
- 8.90 g/cm³
- Melting Point
- 1,495°C
- Atomic Number
- 27
- Category
- Transition Metal
Supply Concentration
- DR Congo70%
- China8%
- Russia8%
- Zambia7%
- Other7%
Related Documentation
Procyon Indicative Price
Form: Metal · Purity: 99.8%
Indicative price provided for information purposes, derived from Procyon Metals' trading activity. It is neither a firm offer nor investment advice. Firm quotes available on request, depending on volume, form and purity.
Request a quote →Frequently asked questions
What is the price of cobalt?
In 2024, the reference price for cobalt stood at around 24 USD/kg, compared with 33 USD/kg in 2023. Prices vary with purity, form (oxide or metal) and traded volume; the full history is charted above.
Where can you buy cobalt?
Physical cobalt is purchased through specialist traders. Procyon Metals supports clients end to end: sourcing from vetted counterparties, purity certification, insured logistics and secure storage in Brinks vaults.
Why is cobalt a strategic metal?
Essential for high-energy-density batteries (NMC/NCA). LFP alternatives are gaining share but cobalt remains critical for premium EV and aerospace applications.
Which countries produce cobalt?
Cobalt production is highly concentrated: DRC (70%), China (8%), Russia (8%), Zambia (7%).