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Why Cobalt Prices Have Fallen To A 4-Year Low?

Extraction (chemistry)

Volatility (finance)

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Cobalt prices have fallen to a 4-year low due to various factors. The cobalt market has historically faced supply shortages and crises, with adjustments occurring but not significantly offsetting the market's inherent characteristics . In the late 1990s, demand surged in traditional and emerging sectors, leading to price volatility amidst supply uncertainties, especially in Africa . The limited reserves of cobalt, coupled with low recycling rates and significant systemic losses, indicate an unsustainable trajectory for cobalt use . Additionally, cobalt's availability is closely tied to copper and nickel mining, with production challenges in major countries contributing to a supply-demand gap . These combined factors have contributed to the current scenario of falling cobalt prices.

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Open access Modelling the global primary extraction, supply, price and depletion of the extractable geological resources using the COBALT model. Deniz Koca, Harald Sverdrup, Kristin Vala Ragnarsdottir - Show less +2 more 11 Oct 2015 13 Citations	Not addressed in the paper.
Journal Article•DOI Instabilities in the consumption and production for cobalt Takashi Nishiyama, Hideki Fujii - Show less +1 more 01 Dec 1998-Nonrenewable Resources 1 Citations	Not addressed in the paper.
Open access•Journal Article•DOI Cobalt close-up David M. Lindsay, William J. Kerr - Show less +1 more 23 May 2011-Nature Chemistry 30 Citations	Not addressed in the paper.
Journal Article•DOI The cobalt market revisited Gary A. Campbell 01 Jul 2020-Mineral economics 42 Citations	The cobalt prices have fallen to a 4-year low due to market adjustments, by-product supply, DR Congo's dominance, and technical advantages over substitutes, as discussed in the paper.
Journal Article•DOI The cobalt market—current volatility versus future stability? M. Seddon 01 Aug 2001-Applied Earth Science 8 Citations	Cobalt prices fell due to increased output from existing producers and the anticipation of more cobalt from new projects, leading to a 4-year low.

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