Price for Cobalt Ores and Concentrates in the UK - 2023

Contents:

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

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

The average cobalt ores and concentrates export price stood at $20,930 per ton in 2022, surging by 26% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 85%. As a result, the export price reached the peak level of $54,880 per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($113,197 per ton), while the average price for exports to South Korea ($8,369 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+57.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average cobalt ores and concentrates import price stood at $76,420 per ton in 2022, growing by 1,368% against the previous year. Over the period under review, the import price showed a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +78.3% per year.

Exports of Cobalt Ores and Concentrates in the UK

After two years of decline, overseas shipments of cobalt ores and concentrateses increased by 109% to 39 tons in 2022. Overall, exports showed a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cobalt ores and concentrates exports soared to $814K in 2022. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. South Korea (12.0 tons)
2. India (7.5 tons)
3. Italy (7.0 tons)
4. Netherlands (4.2 tons)
5. Germany (2.1 tons)
6. Belgium (1.4 tons)
7. Ireland (1.3 tons)
8. China (1.1 tons)

Imports of Cobalt Ores and Concentrates in the UK

In 2022, supplies from abroad of cobalt ores and concentrateses decreased by -99% to 151 kg, falling for the second consecutive year after two years of growth. Overall, imports faced a significant curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 115% against the previous year. As a result, imports attained the peak of 90 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, cobalt ores and concentrates imports fell significantly to $12K in 2022. Over the period under review, imports showed a sharp decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 112%. As a result, imports attained the peak of $478K. From 2021 to 2022, the growth of imports remained at a lower figure.

Top Suppliers of Cobalt Ores and Concentrates to the UK in 2022:

1. China (150.0 kg)

Source: IndexBox Market Intelligence Platform