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Cobalt Reference Rate — 10-Day Trend
All prices in ₹ per gram · daily rate, updated once per day
Three Names Behind Most of the World's Cobalt
Ask which companies actually dig cobalt out of the ground, and the answer narrows fast to three: Glencore, CMOC, and ERG, all operating primarily in the Democratic Republic of Congo. Today's cobalt reference rate is ₹3.61 per gram on September 17, 2026 — the commodity all three companies are ultimately selling into, now under a government quota system that caps how much each can export.
- CMOC: operates Kisanfu (the Boss Mine), widely cited as the world's largest cobalt mine by output, plus Tenke Fungurume
- Glencore: a large diversified miner and trader, reportedly pivoting toward a "copper-first" DRC strategy
- ERG: Eurasian Resources Group, another major DRC cobalt producer operating under its own export quota
Cobalt Reference Rate by Weight
Today's Cobalt rate is Four Rupees per gram. At this rate, 10 grams of Cobalt costs Thirty Six Rupees.
| Unit | Weight | Price (INR) | Price in Words |
|---|---|---|---|
| 1 Gram | 1.0000 g | ₹3.61 | Four Rupees |
| 8 Grams | 8.0000 g | ₹28.88 | Twenty Nine Rupees |
| 10 Grams | 10.0000 g | ₹36.10 | Thirty Six Rupees |
| 100 Grams | 100.0000 g | ₹361.00 | Three Hundred and Sixty One Rupees |
| 1 Kilogram | 1,000.0000 g | ₹3,609.99 | Three Thousand Six Hundred and Ten Rupees |
| 1 Ounce (oz) | 28.3495 g | ₹102.34 | One Hundred and Two Rupees |
| 1 Troy Ounce | 31.1035 g | ₹112.28 | One Hundred and Twelve Rupees |
| 1 Metric Ton | 1,000,000.0000 g | ₹3,609,988.00 | Thirty Six Lakh Nine Thousand Nine Hundred and Eighty Eight Rupees |
Why Export Quotas Now Shape Every One of These Companies
The DRC replaced an earlier cobalt export ban with strict annual quotas, and each major producer now holds its own individual allocation under that system. That's a genuinely different operating environment than a company simply mining and selling as much as it can produce — output decisions increasingly get made around quota limits rather than pure market demand, which is exactly why Glencore's reported shift toward prioritizing copper over cobalt in its DRC operations makes commercial sense: cobalt output above the quota has nowhere productive to go.
Diversification cuts both ways for investors
None of these three companies is a pure-play cobalt miner. Glencore trades and mines copper, coal and much more; CMOC operates copper and molybdenum assets alongside cobalt; ERG spans multiple metals and countries. That diversification means each company's stock absorbs cobalt-specific news as one input among several, not as the dominant driver of its share price.
| Company | Key DRC Asset(s) | Notable Detail |
|---|---|---|
| CMOC | Kisanfu (Boss Mine), Tenke Fungurume | Kisanfu widely cited as the world's largest cobalt mine by output |
| Glencore | Multiple DRC copper-cobalt operations | Reported "copper-first" strategic pivot amid quota constraints |
| ERG | DRC cobalt-copper operations | Operates under its own individual export quota allocation |
Cobalt Reference Rate — Last 10 Days
The most recent Cobalt price on record (2026-09-17) is Four Rupees per gram. This is up by Less than One Rupees from the previous day's rate of ₹3.60.
| Date | Price (INR/g) | Change |
|---|---|---|
| 2026-09-17 | ₹3.61 | +0.01 |
| 2026-09-16 | ₹3.60 | -0.06 |
| 2026-09-15 | ₹3.66 | -0.04 |
| 2026-09-14 | ₹3.70 | -0.04 |
| 2026-09-13 | ₹3.74 | +0.00 |
| 2026-09-12 | ₹3.74 | +0.00 |
| 2026-09-11 | ₹3.74 | -0.07 |
| 2026-09-10 | ₹3.81 | -0.09 |
| 2026-09-09 | ₹3.90 | -0.12 |
| 2026-09-08 | ₹4.01 | — |
What to Understand Before Considering Any of These Names
Every one of these companies carries DRC-specific political and regulatory risk on top of ordinary commodity-price exposure — a quota policy change, an export-rule adjustment, or a shift in the country's mining code can move these stocks independently of what the global cobalt price is doing. That's a genuinely different risk layer than most mining stocks carry, and it's worth understanding before assuming these names track cobalt prices cleanly.
For cobalt's own price trend, separate from any company, the comparison table and history above track the live reference rate, and the site's cobalt price history page holds a longer record.
This page is for general information, not investment advice. Company shares carry risks beyond the underlying commodity price. Consider consulting a qualified financial advisor before making investment decisions.
Cobalt Mining Stocks — Common Questions
Glencore, CMOC (China Molybdenum Co.) and ERG (Eurasian Resources Group) are the three names that dominate coverage of DRC cobalt output. CMOC's Kisanfu mine, also known as the Boss Mine, is widely described as the world's largest cobalt mine by output; its Tenke Fungurume operation is another major contributor.
The Democratic Republic of Congo introduced strict annual cobalt export quotas — a real, government-mandated system — after an earlier export ban, to manage how much refined cobalt leaves the country each year. Glencore, CMOC and ERG each hold their own individual allocation under this quota system, which has become a genuine constraint on how much any single producer can actually export.
No — Glencore is a large, globally diversified commodities trader and miner where cobalt is one product among copper, coal, and many others. Reports of Glencore shifting toward a "copper-first" strategy in the DRC, prioritizing copper production and managing cobalt output around quota constraints, illustrate how cobalt sits within a much bigger corporate picture.
Not a widely-used, single-commodity cobalt ETF comparable to a gold ETF. Investors seeking cobalt exposure generally look at diversified mining companies with cobalt operations, or broader battery-materials and critical-minerals funds that may include cobalt-linked names alongside other metals.
That depends on individual goals and risk tolerance, and this page isn't a recommendation either way. What's worth understanding is that every company named here carries DRC-specific export-quota risk and broader commodity-price risk layered on top of the cobalt story itself.
