LME 3-month cobalt closes unchanged at $33,335 a ton

LME 3-month cobalt closes unchanged at $33,335 a ton

Cobalt prices remained unchanged on August 22, 2025, closing at $33,335 a ton on the London Metal Exchange (LME). This level is 37.18% higher than the same time last year, according to contract for difference (CFD) data tracking the commodity's benchmark market [1].

Over the past month, cobalt prices have been relatively stable, with no significant fluctuations. Historically, cobalt reached an all-time high of $95,250 in March 2018 [1]. Despite the current flat trend, analysts expect cobalt prices to reach $33,961.70 by the end of the current quarter and $35,911.80 in 12 months' time, based on global macro models and expert forecasts [1].

Investors and financial professionals should keep an eye on the cobalt market, as prices are expected to continue their upward trajectory in the near future. The stability in recent months may indicate a period of consolidation before the next price movement.

References:
[1] https://tradingeconomics.com/commodity/cobalt