Try our corporate solution for free!
(212) 419-8286
hadley.ward@statista.com

Cobalt's average spot price in the U.S. 2008-2020

In 2020, the average spot price of cobalt in the U.S. stood at 16 U.S. dollars per pound. This is a considerable price decrease from 2018, when the price was 37.4 U.S. dollars per pound.

Cobalt deposits

Cobalt has a variety of uses, most commonly in the industrial sector. Almost all of the land-based deposits of cobalt are found within a mixture with nickel or copper. As a result, it is typically produced as a byproduct of the nickel and copper mining industry.

Cobalt in the United States

The largest share of cobalt consumption in the United States is attributable to superalloys, followed by chemical and ceramic uses, then steel alloys, and finally cemented carbides. By integrating cobalt into a superalloy, cobalt becomes highly temperature stable. Additionally, it becomes resistant to corrosion and wear. Cobalt materials are used in turbine blades for gas turbines and jet aircraft engines, and jewelry, to name a few end-uses. Between 2016 and 2019 Norway was the largest supplier of cobalt imports to the United States. Cobalt in its metal form had the highest value out of all cobalt imports to the United States between 2012 and 2016.

Average cobalt spot price in the United States from 2008 to 2020

Exclusive Premium statistic

You need a Single Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Single Account

$39 $59 per month *
in the first 12 months
33% discount until March 31st
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$468 / Year
$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in
Sources

Release date

February 2021

Region

United States

Survey time period

2008 to 2020

Supplementary notes

* Estimated.
Annual average U.S. spot price for minimum 99.8% cobalt cathode reported by Platts Metals Week or PlattsMetals Daily.
This statistic was assembled using several editions of the report.

Statista Accounts: Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account.

Single Account
The ideal entry-level account for individual users
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access

Corporate solution including all features.

* Prices do not include sales tax.

Statistics on "Cobalt"

Statista Accounts: Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.