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Cobalt Metal Price — 10-Day Trend
All prices in ₹ per gram · daily rate, updated once per day
Two Products, Not One
"Cobalt price" sounds like a single number, but the industry actually tracks at least two distinct products under that name. Refined cobalt metal — the form reflected in today's rate of ₹3.56 per gram — is the traditional benchmark, used in superalloys, hard metals, and as feedstock for further processing. Cobalt sulfate is something else entirely: a chemical compound, not a metal, made specifically to feed lithium-ion battery cathode production.
Battery makers building nickel-manganese-cobalt (NMC) cathodes don't buy refined cobalt metal at all — metal has to be converted into a soluble chemical form first so it can be combined with nickel and manganese salts during precursor manufacturing. Cobalt sulfate is that converted form, and it trades on its own track, watched closely by anyone in the battery-materials supply chain.
- Cobalt metal: the refined-metal benchmark, used in superalloys and as feedstock, this site's own tracked rate
- Cobalt sulfate: a chemical compound made specifically for battery cathode precursor manufacturing
- Relationship: broadly correlated, since both draw on the same underlying mined cobalt supply, but not identical
Cobalt Price 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 |
Why the Two Prices Don't Move in Perfect Lockstep
Cobalt sulfate and cobalt metal share a common root — both ultimately come from the same mined and initially refined cobalt supply out of the DRC and other producing countries — so it would be reasonable to expect their prices to track each other closely. Broadly, they do move in the same direction over time. But the two markets are shaped by somewhat different forces day to day.
What can pull them apart
Cobalt sulfate demand is driven almost entirely by battery cathode production schedules — a slowdown or acceleration in NMC battery manufacturing shows up in sulfate demand more directly and more quickly than it does in the broader refined-metal market, which also serves non-battery industrial uses like superalloys and hard metals that don't move on the same cycle. Refining capacity specifically for the sulfate conversion step is also its own bottleneck, separate from mined cobalt supply itself — a shortage of sulfate-conversion capacity can widen the gap between the two prices even when raw cobalt metal supply looks adequate.
The practical result is a premium or discount between the two that shifts over time rather than staying fixed, driven by the relative tightness of battery-sector demand versus broader industrial cobalt demand at any given moment.
Cobalt Price — Last 10 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 | — |
Which Number Should You Actually Be Watching?
For most readers — retail investors, general commodity watchers, anyone tracking cobalt the way they'd track gold or copper — refined cobalt metal, the benchmark this site and most general price feeds report, is the right number to follow. It's the more widely covered, more liquid, more accessible reference point.
Cobalt sulfate pricing matters more specifically if you're evaluating battery-supply-chain exposure directly — a battery manufacturer, a cathode-material producer, or an investor specifically analyzing EV supply-chain economics. That's a more specialized data point, typically tracked through dedicated battery-materials price services rather than general commodity coverage, and it isn't something this site's own live rate reflects.
Cobalt Sulfate vs Metal — FAQs
Cobalt sulfate is a chemical compound, not refined metal — it's the form cobalt takes when it's processed into cathode precursor material for lithium-ion batteries using nickel-manganese-cobalt (NMC) chemistry. Battery manufacturers buy cobalt sulfate directly rather than refined cobalt metal, because that's the chemical input their cathode production actually uses.
No — they trade as related but distinct markets, tracked separately by price reporting agencies including Fastmarkets. Cobalt sulfate's price generally moves in the same broad direction as refined cobalt metal, since both ultimately draw on the same underlying mined and refined cobalt supply, but the two prices don't move in perfect lockstep, and the premium or discount between them can shift with battery-sector-specific demand.
Refined cobalt metal isn't directly usable in a lithium-ion cathode — it has to be converted into a soluble chemical compound first so it can be combined with nickel and manganese salts in the cathode precursor manufacturing process. Cobalt sulfate is that compound, produced by refiners specifically to serve the battery supply chain rather than traditional metal end-uses like superalloys.
This site's live cobalt rate tracks refined cobalt metal, the more widely referenced benchmark and the one most general commodity price feeds report. Cobalt sulfate pricing is a more specialized, battery-industry-specific data point that typically requires a dedicated battery-materials price service to track closely.
