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Cobalt Price History — Recent 10-Day Base
All prices in ₹ per gram · daily rate, updated once per day
Why Cobalt's Price History Looks the Way It Does
Today's cobalt rate is ₹3.56 per gram, but the more interesting question people usually arrive at this page with is why cobalt has such a reputation for sharp price moves. The short answer sits in two places: an unusually concentrated supply base, and a demand story tied heavily to one fast-evolving technology.
The Democratic Republic of Congo produces the large majority of the world's cobalt, by a very wide margin — one of the most geographically concentrated supply chains of any major industrial metal. On top of that, cobalt is very often recovered as a byproduct of copper mining, and increasingly nickel mining, rather than mined on its own. That means new cobalt supply doesn't respond cleanly to the cobalt price the way supply for a primarily-mined metal would; it responds to copper and nickel mining economics first.
- Today's price: ₹3.56 per gram (₹3,563.08 per kg)
- Dominant supply source: the Democratic Republic of Congo, by a very wide margin
- Why supply is inflexible: mostly a byproduct of copper and nickel mining, not a standalone target
Cobalt Price History — Value 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 | ₹3.56 | Four Rupees |
| 8 Grams | 8.0000 g | ₹28.50 | Twenty Nine Rupees |
| 10 Grams | 10.0000 g | ₹35.63 | Thirty Six Rupees |
| 100 Grams | 100.0000 g | ₹356.31 | Three Hundred and Fifty Six Rupees |
| 1 Kilogram | 1,000.0000 g | ₹3,563.08 | Three Thousand Five Hundred and Sixty Three Rupees |
| 1 Ounce (oz) | 28.3495 g | ₹101.01 | One Hundred and One Rupees |
| 1 Troy Ounce | 31.1035 g | ₹110.82 | One Hundred and Eleven Rupees |
| 1 Metric Ton | 1,000,000.0000 g | ₹3,563,080.00 | Thirty Five Lakh Sixty Three Thousand Eighty Rupees |
How Battery Demand Reshaped the Cobalt Story
Cobalt has a longer industrial history than lithium — superalloys for aerospace and jet engines have used cobalt for its heat resistance for decades, well before EVs entered the picture. But the rise of lithium-ion battery cathodes, particularly nickel-manganese-cobalt (NMC) chemistries, has made EV battery demand the dominant modern driver of the cobalt price. That shift is a real, well-documented change in what actually moves this market day to day.
A response the industry has openly pursued
Because cobalt's supply concentration and, in parts of the DRC's artisanal mining sector, sourcing and labor conditions have drawn genuine, widely-reported scrutiny, some battery makers and automakers have publicly pursued lower-cobalt or cobalt-free battery chemistries. Lithium-iron-phosphate (LFP) batteries are the most cited example of a chemistry that uses little to no cobalt at all. This is a real industry trend worth understanding factually, not something to overstate — plenty of vehicles and grid-storage systems still use NMC chemistries that rely on cobalt, and it remains the practical choice where energy density matters most.
That tension — a metal essential to some of the highest-performance battery chemistries, but also a target for supply-diversification efforts — is a genuine part of why cobalt's demand outlook carries more moving pieces than a metal with a single, settled use case.
Cobalt Price History — Last 10 Recorded Days
The most recent Cobalt price on record (2026-09-17) is Four Rupees per gram. This is down by Less than One Rupees from the previous day's rate of ₹3.60.
| Date | Price (INR/g) | Change |
|---|---|---|
| 2026-09-17 | ₹3.56 | -0.04 |
| 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 This Means for Anyone Watching the Price Today
None of this means cobalt's story is finished. Aerospace demand for superalloys continues regardless of what happens in the battery market, and EV battery demand for cobalt-containing chemistries keeps growing in absolute terms even as some manufacturers diversify toward LFP. Whether the DRC's dominant share of supply changes meaningfully over the coming years, or whether byproduct economics from copper and nickel mining keep shaping how much cobalt actually reaches the market, are both open questions nobody can answer with certainty today.
For anyone who wants real numbers rather than a general description, the site's own cobalt price history page holds the recorded data, organized by year and month, going back further than the 10-day window shown on this page. That is the right place to look for what actually happened on a specific date — this page is meant to explain why it happened the way it did.
One practical takeaway worth carrying forward: because cobalt's supply structure is genuinely unusual — concentrated in one country and tied to two other metals' mining economics — it is reasonable to expect further sizeable price swings over time, rather than a settling into a calmer, more diversified-metal pattern anytime soon.
Cobalt Price History — FAQs
Two structural features explain most of it. Supply is unusually concentrated, with the Democratic Republic of Congo producing the large majority of the world's cobalt by a very wide margin, and most of that output rides along as a byproduct of copper and nickel mining rather than being mined on its own. Demand, meanwhile, is dominated by EV battery cathodes, so shifts in battery chemistry and EV sales cycles show up directly in the price.
Cobalt has a well-earned reputation for sharp price swings, tied to how concentrated its supply is and how directly it is exposed to EV battery demand cycles. This page deliberately avoids citing a specific historical price level or percentage move, since exact figures depend on the market, currency and time period being measured — the qualitative pattern is the reliable, well-documented part of the story.
The cobalt price history page holds the site's own recorded daily and monthly data, with real figures rather than a general narrative.
Relative to copper, generally yes — copper has a far more geographically diversified mine base and decades of deep industrial demand across many sectors. Cobalt's concentration in one country, combined with its dependence on copper and nickel mining decisions rather than standing on its own, tends to make its price more sensitive to single-source disruptions.
That depends on how mining and refining diversify over time, and how demand evolves as some battery makers shift toward lower-cobalt or cobalt-free chemistries like LFP. Both are real, ongoing trends, but neither is guaranteed to unfold on any particular timeline, so continued sensitivity to DRC-specific developments is a reasonable expectation rather than a firm prediction.
