Price for Cobalt Ores and Concentrates in the United States - 2023

Contents:

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

Price for Cobalt Ores and Concentrates in the United States (CIF) - 2022

The average cobalt ores and concentrates import price stood at $60,918 per ton in 2022, approximately reflecting the previous year. Overall, the import price posted a strong expansion. The growth pace was the most rapid in 2020 an increase of 218% against the previous year. As a result, import price attained the peak level of $62,560 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($140,177 per ton), while the price for Canada ($4,567 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+527.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cobalt Ores and Concentrates in the United States (FOB) - 2022

In 2022, the average cobalt ores and concentrates export price amounted to $30,493 per ton, with an increase of 151% against the previous year. Over the period under review, the export price posted a strong expansion. The pace of growth was the most pronounced in 2021 an increase of 303%. Over the period under review, the average export prices hit record highs at $31,505 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($34,200 per ton), while the average price for exports to Germany amounted to $28,680 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+55.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cobalt Ores and Concentrates in the United States

In 2022, approx. 25 tons of cobalt ores and concentrateses were imported into the United States; picking up by 165% compared with the previous year's figure. In general, imports saw prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cobalt ores and concentrates imports surged to $1.5M in 2022. Over the period under review, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Cobalt Ores and Concentrates to the United States in 2022:

1. Russia (11.5 tons)
2. Canada (6.0 tons)
3. Germany (4.1 tons)
4. China (3.5 tons)

Exports of Cobalt Ores and Concentrates in the United States

In 2022, overseas shipments of cobalt ores and concentrateses decreased by -71.2% to 609 kg, falling for the second consecutive year after two years of growth. Overall, exports recorded a dramatic descent. The pace of growth was the most pronounced in 2020 when exports increased by 70%. As a result, the exports attained the peak of 173 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, cobalt ores and concentrates exports dropped significantly to $19K in 2022. In general, exports continue to indicate a dramatic contraction. The smallest decline of -13.6% was in 2020.

Top Export Markets for Cobalt Ores and Concentrates from the United States in 2022:

1. Germany (409.0 kg)
2. South Korea (200.0 kg)

Source: IndexBox Market Intelligence Platform