Price Assessment

Platts Cobalt Metal and Hydroxide Assessment

  • What are Platts Cobalt Metal and Hydroxide price assessment?
  • How do we assess the Platts Cobalt Metal and Hydroxide prices?
  • Platts Cobalt Metal and Hydroxide Commentary
  • Platts Cobalt Metal and Hydroxide Heards

What are Platts Cobalt Metal and Hydroxide price assessment?

Platts Cobalt Hydroxide CIF China assessments is based on a CIF China basis, reflecting physical spot market prices for any-origin cobalt hydroxide with 30% cobalt content, 2-6% manganese content, max. 6% magnesium content, max. 3% iron content and 10% moisture. This assessment is completely independent of the Platts cobalt metal price.

Platts Cobalt Metal assessments are based on an in-warehouse Rotterdam basis, reflecting physical spot market prices for any-origin cobalt metal with 99.8% cobalt content.

The assessments are based on market information, including, but not limited to, firm bids and offers, and trades reported to the editor through the month. Other qualities are considered and may be normalized back to Platts base standard specifications, subject to prevailing market differentials.

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How do we assess the Platts Cobalt Metal and Hydroxide prices?

Platts Cobalt Assessments are based on market information, including, but not limited to, firm bids and offers, and trades reported to the editor each week. Platts assessments reflect responsibly sourced material, which sellers should be able to demonstrate in line with standard industry practice, upon buyers’ request.

Platts collects data from market participants across the full supply chain, allowing us to produce a balanced assessment of price by engaging with suppliers, traders and consumers of all size and scale.

S&P Global Platts coverage of the cobalt markets is led by a global team across three offices: Singapore, Sao Paulo and London. These regions cover the key supply and consumption hubs for cobalt.

Platts Cobalt Metal and Hydroxide Commentary

The resumption of operations in South African ports earlier this week did not cut support from cobalt hydroxide prices. Most of the world’s cobalt supply is mined in the Democratic Republic of the Congo and is usually shipped from South Africa.


S&P Global Platts assessed 30% Co cobalt hydroxide at $21.50/lb CIF China July 22, unchanged day on day but up 20 cents from July 15 for spot cargoes aligned to Platts methodology, loading15-60 days out.

Some market participants pegged the tradable value as high as $21.80-$22/lb. “Cobalt metal price is going up, which is pushing the hydroxide prices, [despite] the South African situation getting better,” a trader source said.

Another seller received a bid at $21.6/lb and offered at $22/lb, but “nothing was booked so far,” he said.

“Some producers have delayed shipments for two weeks, but supply tightness depends -- for raw feedstock and hydroxide, some have sufficient stockpiles and won't feel the squeeze for now,” said a producer source.

Although he did not notice any significant increase in demand, “producers are raising their offers as there will probably be buyers who need urgent cargoes,” he added.

At least four other market participants did not see significant changes in market fundamentals this week, and repeatedly reported indicative levels hovering $21-$21.5/lb. “Port operations are resuming; the market's relatively quiet, though,” another source said.

Cobalt metal pauses

Despite the persistence of some cautiousness about supply, cobalt metal prices remained unchanged this week.

Platts 99.8% in-warehouse Rotterdam assessment was flat at $24.50-$25/lb, with some sources noticing the $25/lb mark as a resistance level at the moment.

“It’s still either side of $25/lb,” said a trader source.

There is “definitely some resistance from buyers, but $24.50/lb is tradable [Thursday],” another trader source said.

Platts Cobalt Metal and Hydroxide Heards

29 Jul 2021 — Platts Battery Metals: Cobalt metal DDP China heard on Jul 29 tradable at Yuan 388000-395000/mt: Chinese trader

29 Jul 2021 — Platts Battery Metals: Cobalt Sulfate DDP China heard on Jul 29 tradable at Yuan 82000-84000/mt: Chinese trader

29 Jul 2021 — Platts Battery Metals: Cobalt Hydroxide CIF China heard on Jul 29 tradable at $21.4-22/lb: Chinese trader

29 Jul 2021 — Platts Battery Metals: Cobalt Hydroxide CIF China heard on Jul 29 offered at $21.8-22/lb: International trader

29 Jul 2021 — Platts Battery Metals: Cobalt Sulfate DDP China heard on Jul 29 offered at Yuan 83000-85000/mt: International trader

28 Jul 2021 — Platts Battery Metals: Cobalt Hydroxide CIF China heard on Jul 28 offered at $21.8-22/lb: Chinese refiner

28 Jul 2021 — Platts Battery Metals: Cobalt Sulfate DDP China heard on Jul 28 offered at Yuan 83000-85000/mt: International trader

28 Jul 2021 — Platts Battery Metals: Cobalt Hydroxide CIF China heard on Jul 28 offered at $21.8-22/lb: International trader

28 Jul 2021 — Platts Battery Metals: Cobalt Sulfate DDP China heard on Jul 28 offered at Yuan 83000-85000/mt: Chinese refiner

28 Jul 2021 — Platts Battery Metals: Cobalt Sulfate DDP China heard on Jul 28 indicatively offered at Yuan 81000-83000/mt: Chinese ref

28 Jul 2021 — Platts Battery Metals: Cobalt Sulfate DDP China heard on Jul 28 tradable at Yuan 81000-83000/mt: Chinese refiner

28 Jul 2021 — Platts Battery Metals: Cobalt Sulfate DDP China heard on Jul 28 traded at Yuan 81000-83000/mt: Chinese refiner

28 Jul 2021 — Platts Battery Metals: Cobalt Hydroxide CIF China heard on Jul 28 indicatively offered at $21.5/lb: Chinese refiner

28 Jul 2021 — Platts Battery Metals: Cobalt Hydroxide CIF China heard on Jul 28 tradable at $21-21.5/lb: Chinese refiner

27 Jul 2021 — Platts Battery Metals: Cobalt Sulfate DDP China tradable range heard on July 27 at Yuan 83,000-85,000/mt: European trade


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