Cobalt has experienced a significant decline of 4,835 USD/T, or 16.60%, since the onset of 2024, as indicated by trading on a contract for difference (CFD) that monitors the benchmark market for this critical commodity.
Throughout its history, cobalt reached an unprecedented peak of 95,250.00 USD/T in March 2018, highlighting the commodity's volatile nature.
Looking ahead, projections suggest that cobalt will trade at around 24,122.61 USD/T by the end of this quarter, according to the analysis of global macroeconomic models and expert expectations. Furthermore, estimates indicate that the price may settle at approximately 23,597.73 USD/T in a year’s time.