Price for Cobalt Ores and Concentrates in Spain - 2023

Contents:

1. Price for Cobalt Ores and Concentrates in Spain (CIF) - 2022
2. Price for Cobalt Ores and Concentrates in Spain (FOB) - 2022
3. Imports of Cobalt Ores and Concentrates in Spain
4. Exports of Cobalt Ores and Concentrates in Spain

Price for Cobalt Ores and Concentrates in Spain (CIF) - 2022

The average cobalt ores and concentrates import price stood at $5,390 per ton in 2022, with a decrease of -86.9% against the previous year. Overall, the import price recorded a deep downturn. The growth pace was the most rapid in 2018 when the average import price increased by 79%. As a result, import price attained the peak level of $45,447 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($60,614 per ton), while the price for Morocco ($4,967 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cobalt Ores and Concentrates in Spain (FOB) - 2022

The average cobalt ores and concentrates export price stood at $100,309 per ton in 2022, approximately mirroring the previous year. Overall, the export price posted a significant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 1,408%. As a result, the export price reached the peak level of $315,171 per ton. From 2021 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Lebanon.

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to +135.5% per year.

Imports of Cobalt Ores and Concentrates in Spain

In 2022, the amount of cobalt ores and concentrateses imported into Spain dropped notably to 6.6 tons, which is down by -38.4% on 2021. Overall, imports saw a precipitous slump. The pace of growth appeared the most rapid in 2021 when imports increased by 29%.

In value terms, cobalt ores and concentrates imports declined markedly to $36K in 2022. In general, imports recorded a dramatic decline. The pace of growth appeared the most rapid in 2021 when imports increased by 55%.

Top Suppliers of Cobalt Ores and Concentrates to Spain in 2022:

1. United Kingdom (undefined tons)
2. Morocco (6.5 tons)
3. France (0.1 tons)

Exports of Cobalt Ores and Concentrates in Spain

In 2022, approx. 425 kg of cobalt ores and concentrateses were exported from Spain; approximately equating the previous year. In general, exports showed a sharp contraction. The smallest decline of -98.8% was in 2020.

In value terms, cobalt ores and concentrates exports stood at $43K in 2022. Overall, exports faced a abrupt descent. The smallest decline of -82.3% was in 2020.

Top Export Markets for Cobalt Ores and Concentrates from Spain in 2022:

1. Lebanon (425.0 kg)

Source: IndexBox Market Intelligence Platform