Price for Cobalt Ores and Concentrates in Singapore - 2022

Contents:

1. Price for Cobalt Ores and Concentrates in Singapore (FOB) - 2022
2. Price for Cobalt Ores and Concentrates in Singapore (CIF) - 2022
3. Exports of Cobalt Ores and Concentrates in Singapore
4. Imports of Cobalt Ores and Concentrates in Singapore

Price for Cobalt Ores and Concentrates in Singapore (FOB) - 2022

The average cobalt ores and concentrates export price stood at $1,588 per ton in 2022, with a decrease of -85.2% against the previous year. Overall, the export price showed a deep setback. The pace of growth appeared the most rapid in 2016 when the average export price increased by 167% against the previous year. The export price peaked at $24,833 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +14.1% per year.

Price for Cobalt Ores and Concentrates in Singapore (CIF) - 2022

In 2022, the average cobalt ores and concentrates import price amounted to $1,558 per ton, which is down by -97.9% against the previous year. Overall, the import price recorded a abrupt descent. The pace of growth was the most pronounced in 2017 an increase of 143% against the previous year. The import price peaked at $72,514 per ton in 2021, and then shrank remarkably in the following year.

As there is only one major supplying country, the average price level is determined by prices for Tanzania.

From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to +26.4% per year.

Exports of Cobalt Ores and Concentrates in Singapore

In 2022, approx. 16 tons of cobalt ores and concentrateses were exported from Singapore; picking up by 1,169% against the previous year. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cobalt ores and concentrates exports soared to $25K in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 757%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Top Export Markets for Cobalt Ores and Concentrates from Singapore in 2022:

1. China (15.6 tons)

Imports of Cobalt Ores and Concentrates in Singapore

In 2022, imports of cobalt ores and concentrateses into Singapore soared to 16 tons, rising by 7,258% on the previous year. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cobalt ores and concentrates imports soared to $24K in 2022. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 139%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Top Suppliers of Cobalt Ores and Concentrates to Singapore in 2022:

1. Tanzania (15.6 tons)

Source: IndexBox Market Intelligence Platform