Market Intelligence

    Cobalt Market Intelligence Dashboard

    Real-time pricing, supply concentration, and demand forecasts for the metal that powers every lithium-ion battery — sourced from LME, USGS, and Benchmark Mineral Intelligence reference data.

    +5.0% MoM
    Cobalt Spot (LME)
    $40,200/t
    +1.2pp YoY
    DRC Global Share
    74%
    +93% vs 2024
    EV Demand 2030
    425 kt
    Tightening
    Supply Deficit 2027
    -38 kt

    Cobalt Price History (12 months)

    USD per tonne — spot vs LME 3-month

    Global Production by Country

    Tonnes of mined cobalt — 2024 estimates (USGS)

    Demand by End-Use Sector

    % of global cobalt consumption

    Demand Forecast 2024 — 2030

    Thousand tonnes per year — driven by EV adoption and grid storage

    Investor Takeaways

    Supply concentration

    The DRC controls ~74% of global mined cobalt. No other country can meaningfully displace it before 2030.

    Structural deficit

    Battery-grade cobalt demand outpaces refined supply from 2027 onward — an entry window for upstream stakes.

    Pricing leverage

    Spot prices have moved +46% in 12 months. Long-dated offtake contracts are repricing in DRC producers' favor.

    Data sources: London Metal Exchange (LME), USGS Mineral Commodity Summaries, Benchmark Mineral Intelligence, and CongoConnect360 research. Figures are reference estimates for investor briefing purposes and should not be relied upon as the sole basis for transaction decisions.