Cobalt Spot Price

Cobalt is a hard, silvery-blue metallic element found in various minerals and ores, often in association with copper and nickel deposits. It serves as a crucial commodity in the production of rechargeable batteries, particularly in lithium-ion batteries used in electric vehicles, smartphones, and portable electronics. Cobalt is also utilized in superalloys for aerospace and industrial applications, as well as in pigments and catalysts. Major producers include the Democratic Republic of Congo, Australia, and Canada.