Price for Cobalt; Waste and Scrap in the United States - 2023

Contents:

  1. Price for Cobalt; Waste and Scrap in the United States (CIF) - 2022
  2. Price for Cobalt; Waste and Scrap in the United States (FOB) - 2023
  3. Imports of Cobalt; Waste and Scrap in the United States
  4. Exports of Cobalt; Waste and Scrap in the United States

Price for Cobalt; Waste and Scrap in the United States (CIF) - 2022

The average cobalt; waste and scrap import price stood at $15,352 per ton in 2022, picking up by 20% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $16,968 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($26,412 per ton), while the price for Ireland ($4,568 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cobalt; Waste and Scrap in the United States (FOB) - 2023

The average cobalt; waste and scrap export price stood at $9,202 per ton in August 2023, increasing by 12% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 130% month-to-month. As a result, the export price reached the peak level of $19,193 per ton. From May 2023 to August 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Germany ($34,087 per ton), while the average price for exports to Canada stood at $7,712 per ton.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (0.0%), while the prices for the other major destinations experienced a decline.

Imports of Cobalt; Waste and Scrap in the United States

In 2022, the amount of cobalt; waste and scraps imported into the United States expanded remarkably to 1.7K tons, rising by 12% compared with 2021 figures. Over the period under review, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 31%.

In value terms, cobalt; waste and scrap imports skyrocketed to $27M in 2022. Overall, imports, however, continue to indicate a perceptible decline.

Import of Cobalt; Waste and Scrap in the United States (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom9.64.65.29.70.3%
France3.52.43.63.82.8%
Canada1.60.83.32.820.5%
Japan1.51.00.81.98.2%
Ireland4.80.91.41.8-27.9%
Tunisia1.20.80.70.7-16.4%
Romania1.20.4N/A0.6-20.6%
Germany0.6N/A0.60.60.0%
Others5.74.34.24.8-5.6%
Total29.615.219.826.7-3.4%

Top Suppliers of Cobalt; Waste and Scrap to the United States in 2022:

  1. Ireland (395.6 tons)
  2. United Kingdom (367.2 tons)
  3. France (226.0 tons)
  4. Canada (212.6 tons)
  5. Japan (129.3 tons)
  6. Germany (80.4 tons)
  7. Tunisia (79.9 tons)
  8. Romania (40.9 tons)

Exports of Cobalt; Waste and Scrap in the United States

For the fourth year in a row, the United States recorded growth in shipments abroad of cobalt; waste and scraps, which increased by 25% to 2.6K tons in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, cobalt; waste and scrap exports skyrocketed to $35M in 2022. In general, exports posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by 90% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Cobalt; Waste and Scrap in the United States (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Canada8.07.411.620.737.3%
United Kingdom1.21.66.411.2110.5%
Australia0.5N/AN/A1.337.5%
Others2.91.41.81.7-16.3%
Total12.510.419.734.940.8%

Top Export Markets for Cobalt; Waste and Scrap from the United States in 2022:

  1. Canada (1974.4 tons)
  2. United Kingdom (484.9 tons)
  3. Australia (54.5 tons)

Source: IndexBox Market Intelligence Platform

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