Price for Cobalt Ores and Concentrates in Uruguay - 2022

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

In 2022, the average cobalt ores and concentrates import price amounted to $44,846 per ton, dropping by -2.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2019 an increase of 4%. The import price peaked at $45,898 per ton in 2021, and then reduced modestly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +0.6% per year.

Imports of Cobalt Ores and Concentrates in Uruguay

In 2022, purchases abroad of cobalt ores and concentrateses increased by 6.1% to 52 kg for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a noticeable decline.

In value terms, cobalt ores and concentrates imports rose slightly to $2.3K in 2022. Over the period under review, imports, however, showed a noticeable slump.