Moving forward, Roskill expects to see some upside in premiums for both sulfate and tetroxide, the most common chemical forms of cobalt, for the rest of the year mainly owing to returning demand and rising production costs. Read on to learn what happened in the cobalt market in Q2, including the main supply and demand dynamics and what market participants are expecting for the rest of the year. Jan 6, 2020 16:38 CST. Fastmarkets has revised its forecast for a supply surplus of 8,000 tonnes to a surplus of 2,000 tonnes — effectively a balanced market. ... SMM expects cobalt prices to stay at low levels before the holiday, with little chance of recovery for lithium carbonate. Data: SHFE, DCE market movement (Dec 25) The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on December 25, 2020. “This was mainly the result of subdued demand from end uses as COVID-19 became a pandemic. Cobalt - data, forecasts, historical chart - was last updated on December of 2020. “This is mainly due to COVID-related supply shutdowns in the cobalt metal sector, most notably Ambatovy, CTT, Voisey’s Bay and Raglan,” he told the Investing News Network (INN). Cobalt Blue Holdings Stock Chart and Share Price Forecast, Short-Term "COB" Stock Prediction for Next Days and Weeks Walletinvestor.com Cobalt Blue Holdings Limited (COB) Forecast Chart, Long-Term Predictions for Next Months and Year: 2020… Similarly, Fastmarkets’ Adams said he sees higher prices mainly due to the bottleneck in getting cobalt from Africa to China/Asia. Cobalt market news - Roskill sees a more balanced cobalt market in 2020 & forecasts cobalt … ... SMM expects cobalt prices to stay at low levels before the holiday, with little chance of recovery for lithium carbonate. We have seen limited impact to production at the mine site generally speaking, although issues have arisen in getting the cobalt from the mine to refiner.”. Some investment opportunities are limited to accredited investors. Cobalt (symbol: Co; atomic number: 27) is a naturally-occurring free element that, once subjected to reductive smelting, becomes a hard and lustrous metal with a silver-gray appearance. Daily Metal Price: Cobalt Price Chart (USD / Pound) for the Last Available years. The impact of the coronavirus on the cobalt supply chain was mostly felt in shipments and logistics, Rawles explained. As for what is ahead in the next few months, Heppel said the Durban bottleneck isn’t going to be permanent, and disruption will likely last for a couple of months at most. What happened to cobalt in Q2 2020? Welcome to the August 2020 cobalt miner news. Meanwhile, CRU is still expecting the cobalt market to exhibit a modest oversupply in 2020 and the coming few years. Total cobalt demand to exceed 120,000 tonnes per annum by 2020, up approximately 30% from the 93,950 tonnes consumed in 2016 (Darton Commodities, 2016). FORECAST: Cobalt prices poised to moderate, analyst says Cobalt demand from the electric vehicle (EV) sector will continue to increase in the coming years, although other factors will prevent the price from increasing “dramatically,” according to one industry analyst. Cobalt is expected to trade at Consequently, prices started to retreat from mid-2018 and fell to a three-year low of $13/lb in July 2019. The standard contact has a size of 1 tonne. Cobalt price could double by 2020 The cobalt market is a tight one, even without the electric vehicle boom, making it likely that the price could double over the next couple of years. Going forward, the analyst expects cobalt hydroxide payables and cobalt sulfate to see stronger demand than industrial demand, especially as the aerospace industry is likely to recover only slowly. ... First Cobalt signs letter of intent with Kuya Silver for Cobalt … As of August 22, the cobalt … Lithium trends 2019: Price decline overshadows strong demand forecasts. Your trusted source for investing success. And remember you can unsubscribe at any time. Get the latest information about companies associated with Cobalt Investing Delivered directly to your inbox. The meteoric rise in cobalt prices that took place between 2016 and 2018 was followed by an incredible price collapse that cut 70% off its value. Cobalt (ll) chloride hexahydrate Market Insights 2020… “We have lowered our supply outlook accordingly, but likewise we have lowered our demand outlook given the hit to EV sales earlier in the year, the greater use of lithium-iron–phosphate batteries and as industrial demand has suffered,” Adams said. The report also offers the historical (2015-2019) and forecast (2020-2025) markets for the applications and major regions of cobalt. “We expect real demand to recover going forward and the speed of that is likely to set the tone in the months ahead,” he said. Cobalt is a hard, lustrous, grey metal with a high melting point (1493°C). YICHANG, China (Reuters) - Global cobalt mine output will increase at a slower rate next year than in 2019, providing some support for price of the chemical used in batteries for electric vehicles, research house Antaike said on Wednesday. In July, cobalt hydroxide payables, which is the value of cobalt in hydroxide compared with metal, increased by about 10 percent. The MarketWatch News Department was not involved in the creation of this content. “We think the market is going to be fairly balanced — the danger lies on the upside we think as COVID-19 continues to spread … we think there is still risk of production disruptions at mines and along supply chains.”. “This has been the main reason lifting cobalt hydroxide payables and outright prices in China, which in turn has lifted cobalt sulfate prices,” Fastmarkets’ Adams said. Benchmark’s cobalt hydroxide prices (100% Co contained basis, CIF Asia) have risen from a low of $21,600/tonne in April 2020, at the peak of concern of falling demand linked to the pandemic, to $27,150/tonne as assessed at the end of October 2020, an increase of 25.7%. SMM expects cobalt prices to stay at low levels before the holiday, with little chance of recovery for lithium carbonate Jan 6, 2020 16:38 CST price review & forecast This is a (bi-)weekly log to keep track on our copper price forecast for 2020 and 2021. Click here to read the latest cobalt market update. “We expect zinc and nickel prices to rise sharply, followed by more modest increases in nickel and aluminium prices, with lead prices lagging,” he said. “Events like this highlight how disconnected the global industrial metal market and the battery/chemical market in China/Asia can become,” Rawles said. Nickel futures have been trading above $17000 per tonne since December 10th, close to the highest level since October of 2019, amid increasing demand from Chinese steel mills, as the economy rebounds … Download historical data for 20 million indicators using your browser. Dec 22,2020 15:17 CST. [143 Pages Report] Check for Discount on Cobalt (ll) chloride hexahydrate (CAS 7791-13-1) Market Insights 2020, Global and Chinese Analysis and Forecast to 2025 report by Prof Research. Metal prices have also started to increase from their lows in recent weeks, Rawles added, something that was unexpected due to the ongoing demand impacts of the pandemic on the typical industrial applications of cobalt metal. ... price review & forecast. Welcome to the December 2020 cobalt miner news. “After that I think we can expect the hydroxide market to soften somewhat.”. Company News. The cobalt supply chain faced challenges during the first half of 2020 as the coronavirus pandemic hit markets around the world. Meanwhile, cobalt prices in Q2 underperformed Roskill’s forecast made in early March by about 10 percent. Cobalt spot prices were flat for the month and LME cobalt inventory was about the same. By contrast, EV sales in China remain largely at the same level in 2020 as 2018,” he said. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. Antaike predicts standard grade cobalt prices in 2020 at around $18 per pound, or around $40,000 a tonne, up from an average of $16 to $16.50 per pound in 2019, as private mining declines, … By far, the biggest producer of cobalt is Congo, followed by Canada, China, Russia and Zambia. Chart daily metal price movements in multiple units. price review & forecast. The rise of cobalt price superimposes the expectation of high-speed growth of downstream demand for new energy vehicles, which may further trigger the inventory behavior of the industrial chain and accelerate the rise of cobalt price. Copper Forecast Log: Weekly updated throughout 2020. ERG, Conic Metals, Fortune Minerals, Global Energy, Jervois Mining, Surge Exploration and Go Metals share their 2020 cobalt forecast. Cobalt is used mainly in production of chemicals (58 percent), super alloys for gas turbine blades and jet aircraft engines, special steel, carbides, diamond tools and magnets. What happened to cobalt in Q3 2020? Expectation for projected battery consumption will account for ~60% of all cobalt demand in 2020… LME Cobalt can be traded on LMEselect from 01.00 - 19.00 London time, 24 hours a day on the inter-office telephone market and during the below times on the Ring: Ring trading time - First session (UK) Based on our forecasts, a long-term increase is expected, the "FTSSF" stock price prognosis for 2025-11-05 is 0.153 USD. Dec 22,2020 15:17 CST. “The latter is up 25 percent since the start of the year. Welcome to the December 2020 cobalt miner news. FORECAST: Cobalt prices poised to moderate, analyst says. “As a result, we will continue to see a significant rise in cobalt hydroxide prices, with payables likely to enter the 80s and 90s in percentage terms, and it could also likely spur on a modest gain in metal prices,” he said. Cobalt price could double by 2020 The cobalt market is a tight one, even without the electric vehicle boom, making it likely that the price could double over the next couple of years. Select 20, complete the request and then select again. The past month saw cobalt prices rise strongly and plenty of company news from the cobalt miners. “More EVs were sold in the first half of 2020 than in the entire year of 2018. Our cobalt market update outlines key market developments. “On the demand side, the performance of the EV and consumer electronics sectors in China and Europe would be the most important end-use markets to watch as key demand drivers,” she said. We forecast cobalt prices to fall by 4.6% year over year in 2020, with the downside mitigated by a reduction in mine output — notably from Glencore's Mutanda mine, which accounts for 20% of global supply — and COVID-19 disruptions to refinery output. Cobalt price news . At the end of 2019, prices were trading at US$15.10 per pound, according to Fastmarkets data. Even though there has been little disruption to production in the DRC, low prices and greater government scrutiny have reined in some artisanal supply, according to the firm. “Also, continued surprise to the upside on European EV sales could be a major factor.”. Lithium reached an all time high of 171000 yuan per metric tonne in October of 2017, according to spot prices … Comparing cobalt’s performance to that of base metals, George Heppel of CRU Group said cobalt remained relatively strong in the first half of 2020, slipping just 8 percent from the beginning of the year compared to a more than 20 percent fall for base metals like copper. 4.1.3 Global Cobalt Powder Price by Type (2015-2020) 4.2 Global Cobalt Powder Market Estimates and Forecasts by Type (2021-2026) 4.2.1 Global Cobalt Powder Sales Forecast by Type (2021-2026) 4.2.2 Global Cobalt Powder Revenue Forecast by Type (2021-2026) 4.2.3 Global Cobalt Powder Price Forecast … “Any further impact to DRC logistics/production linked to the virus is the major unpredictable factor, although I think this is relatively low risk,” Rawles said. We update this on (bi-)weekly basis throughout 2020 with short bullet points to highlight whether the copper market in 2020 and 2021 is developing according to our copper price projection. Cobalt production in 2020 forecast to rise by 5,000 tonnes, Antaike nickel analyst Joy Kong said. THE ROLE OF NONFUEL MINERALS IN THE U.S. ECONOMY (ESTIMATED VALUES IN 2019) ... construction activity resulted in increased prices and production of some industrial minerals. Publish your articles and forecasts in our website. The pandemic saw commodities prices plummet and then rebound in the first half of the year, with cobalt taking a hit, but experiencing some recovery during the second quarter. Cobalt demand from the electric vehicle (EV) sector will continue to increase in the coming years, although other factors will prevent the price from … Heppel agreed, saying one of the big surprises during the first half of the year has been the demand recovery and expansion of the European EV sector. In 2021, Sanchez forecasts zinc to trade at US$2,628 per tonne, up 17% from an average of US$2,246 per tonne in 2020… All readers are encouraged to perform their own due diligence. Cobalt outlook 2020: What’s ahead for prices Looking over to prices in 2020, Fastmarkets forecasts an average cobalt price of US$17.40, with the metal remaining flat around current … Global Cobalt Carbonate Insights, Forecast to 2025. In fact, in recent weeks, cobalt hydroxide prices have seen an uptick due to significant disruption to Durban, which is South Africa’s main port for shipping the material from the Democratic Republic of Congo (DRC) to Chinese refineries. Expectation for projected battery consumption will account for ~60% of all cobalt demand in 2020, representing a 58% increase in battery demand from 2016 levels (Darton Commodities, 2016). “But higher prices are likely to mean prices settle down again before too long — or maybe not if EV demand starts to accelerate again,” he said. The new report by Expert Market Research titled, ‘Global Cobalt Market Size, Share, Price, Trends Report and Forecast 2020-2025’, gives an in-depth analysis of the global cobalt … Cobalt market news - Both cobalt demand and supply have been down in Q1, 2020 due to COVID-19. A Copper Price Forecast For 2020 And 2021 *Corona Crash Update* Copper is forecasted to be neutral to mildly bearish in 2020 and 2021 with a copper price prediction of $2.25 to $2.75 April 27, 2020 Aside from the battery space, demand from traditional end-use segments for cobalt, such as alloys and tool materials, has also taken a hit so far this year as aviation has been one of the sectors most affected by the pandemic, explained Roskill’s Lu. Cobalt price news . Cobalt futures are available for trading in The London Metal Exchange (LME). When looking at demand from the EV segment, the first few months of the year saw a slowdown in demand that hit battery metals across the board. Free Reports for New Investors, Base Metals Prices 2020 And Investing Opportunities, Copper Price Outlook 2020 and Copper Stocks to Watch, Energy Investing Outlook and Energy Stocks to Watch, Uranium Price Forecasts and Top Uranium Stocks to Watch, Precious Metals Outlook 2021: CEO’s, Analysts on Gold, Silver and Platinum, Gold Price Forecast and Gold Stocks to Watch, Tech Forecast and Promising Tech Stocks To Buy, Emerging Tech: Advances in AI, Virtual Reality and Mobile, Outlook and Opportunities in the Gaming Industry, Cleantech Market Trends and Cleantech Stocks to Buy, Archived - Tech Shaping the Future: XFuture Conference Report 2019, Investing in Esports: Stocks, Trends and Rising Demand, Coronavirus Investing: An Overview for Investors, Life Science and Healthcare Investing in 2020, Pharmaceutical Investing Principles And Pharmaceutical Stocks To Buy, Biotech Investing - Top Stocks, ETFs and Future Prospects. Written by Keith Kohl. The Cobalt Carbonate report has recently added by MarketInsightsReports to get a stronger and effective business outlook. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Data Analysis. “(We maintain) the view that this year we will probably see a slight year-on-year decrease in world refined cobalt production, largely as a result of tightening mine supply post-Mutanda’s closure and the slowdown in demand growth,” said Lu. This forecast represents VAs best estimate of procurement opportunities during fiscal year 2021. As of December 18, the cobalt spot price was US$14.51/lb, about the same as US14.52/lb last “If demand continues as we saw in late H1 2020 within Europe, and sales in China improve further, our demand expectations will increase during our next forecast update,” Rawles said. However, even though demand recovery from the downstream EV supply chain has so far been relatively slow, it continues to improve, Rawles said. Chart daily metal price movements in multiple units. Feature. Our cobalt market update outlines key market developments and explores what could happen moving forward. Benchmark’s cobalt hydroxide prices (100% Co contained basis, CIF Asia) have risen from a low of $21,600/tonne in April 2020, at the peak of concern of falling demand linked to the pandemic, to $27,150/tonne as assessed at the end of October 2020, an increase of 25.7%. ... price review & forecast. Cobalt market news - Both cobalt demand and supply have been down in Q1, 2020 due to COVID-19. Daily Metal Prices Toggle navigation. price review & forecast. Hydroxide payables are also the highest they have been since Fastmarkets first started assessing the hydroxide payables market in January 2019.”. Daily Metal Price: Cobalt Price Chart (USD / Pound) for the Last Available years. From the start of the year to August 7, Fastmarkets’ standard-grade cobalt metal prices were down by 3 percent, while its Chinese domestic cobalt metal assessments showed prices were up by 7.4 percent. Cobalt Price Forecasts The only publication of its kind, Energy & Metals Consensus Forecasts™ is the result of a comprehensive monthly survey of over 40 of the world’s most prominent commodity forecasters covering over 30 individual commodity price forecasts (list below, right), including cobalt. Antaike predicts standard grade cobalt prices in 2020 at around $18 per pound, or around $40,000 a tonne, up from an average of $16 to $16.50 per pound in … Cobalt Copper Diamond Diatomite Feldspar. Welcome to the August 2020 cobalt miner news. It provides … iCrowdNewswire Dec 1, 2020 1:11 AM ET. In its natural form, it can only be found in combination with other chemicals (i.e., chemically combined form) except for small deposits found in natural meteoric iron alloys. 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