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Cobalt Price — 10-Day Trend
All prices in ₹ per gram · daily rate, updated once per day
Two Metals That Share a Battery But Not a Supply Chain
Open up an NMC battery cathode and you'll find nickel, manganese and cobalt working together — but zoom out to where each metal actually comes from, and the stories diverge sharply. Today's cobalt reference rate is ₹2.90 per gram on November 2, 2026, a metal whose supply concentrates overwhelmingly in one country in a way nickel's simply doesn't.
- Cobalt's supply: overwhelmingly concentrated in the Democratic Republic of Congo
- Nickel's supply: spread across Indonesia and several other producing countries
- Shared use: both are core ingredients in NMC lithium-ion battery cathodes
Cobalt Price by Weight
Today's Cobalt rate is Three Rupees per gram. At this rate, 10 grams of Cobalt costs Twenty Nine Rupees.
| Unit | Weight | Price (INR) | Price in Words |
|---|---|---|---|
| 1 Gram | 1.0000 g | ₹2.90 | Three Rupees |
| 8 Grams | 8.0000 g | ₹23.20 | Twenty Three Rupees |
| 10 Grams | 10.0000 g | ₹29.00 | Twenty Nine Rupees |
| 100 Grams | 100.0000 g | ₹290.04 | Two Hundred and Ninety Rupees |
| 1 Kilogram | 1,000.0000 g | ₹2,900.40 | Two Thousand Nine Hundred Rupees |
| 1 Ounce (oz) | 28.3495 g | ₹82.22 | Eighty Two Rupees |
| 1 Troy Ounce | 31.1035 g | ₹90.21 | Ninety Rupees |
| 1 Metric Ton | 1,000,000.0000 g | ₹2,900,397.00 | Twenty Nine Lakh Three Hundred and Ninety Seven Rupees |
Why Battery Makers Keep Adding More Nickel and Less Cobalt
Nickel-rich cathode formulations like NMC 811 — roughly eight parts nickel to one part cobalt to one part manganese — didn't emerge by accident. Battery manufacturers have deliberately shifted the ratio toward nickel and away from cobalt, partly to preserve energy density and partly as a direct response to cobalt's cost and supply-concentration risk. Nickel isn't cheap either, but its more diversified supply base makes it a comparatively steadier metal to build a battery strategy around.
Byproduct links tie the two together in some operations
Cobalt is recovered partly as a byproduct of nickel mining in some operations, alongside its more famous role as a copper-mining byproduct in the DRC. That means a portion of global cobalt supply genuinely depends on nickel-mining economics, not cobalt demand — a real structural link between the two metals beyond just sharing a battery cathode.
| Trait | Cobalt | Nickel |
|---|---|---|
| Primary supply concentration | Democratic Republic of Congo | Indonesia, plus several other countries |
| Battery role | Stability, safety in NMC cathodes | Energy density in NMC cathodes |
| Byproduct status | Largely a copper/nickel-mining byproduct | Primarily mined directly |
| Policy exposure | High — DRC export quota system | Lower — more distributed production base |
Cobalt Price — Last 10 Days
The most recent Cobalt price on record (2026-11-02) is Three Rupees per gram.
| Date | Price (INR/g) | Change |
|---|---|---|
| 2026-11-02 | ₹2.90 | 0.00 |
| 2026-11-01 | ₹2.90 | 0.00 |
| 2026-10-31 | ₹2.90 | 0.00 |
| 2026-10-30 | ₹2.90 | -0.10 |
| 2026-10-29 | ₹3.00 | 0.00 |
| 2026-10-28 | ₹3.01 | +0.01 |
| 2026-10-27 | ₹3.00 | 0.00 |
| 2026-10-26 | ₹3.00 | +0.01 |
| 2026-10-25 | ₹3.00 | 0.00 |
| 2026-10-24 | ₹3.00 | — |
What This Comparison Means for Battery Supply Chains
A battery chemistry that depends on both metals inherits both of their risk profiles at once — nickel's broader but still real geopolitical exposure, and cobalt's far sharper single-country concentration. That combined exposure is a genuine part of why the industry has pushed simultaneously toward nickel-richer formulations and, separately, toward cobalt-free LFP chemistry altogether.
The comparison table and 10-day history above track cobalt's own price trend. For a longer view, the site's own cobalt price history page holds real recorded data by year and month.
Cobalt vs Nickel — FAQs
Both are core ingredients in NMC (nickel-manganese-cobalt) lithium-ion battery cathodes, the dominant chemistry outside China's LFP-heavy EV market. Both also see cobalt recovered partly as a byproduct of nickel mining, linking their supply chains directly in some operations.
Cobalt's supply chain is genuinely more geographically concentrated — the Democratic Republic of Congo produces the overwhelming majority of the world's cobalt. Nickel's supply spreads more broadly across Indonesia and several other countries, giving it a meaningfully more diversified production base.
Often, yes — battery makers have developed nickel-rich cathode formulations (like NMC 811, roughly 8 parts nickel to 1 part cobalt to 1 part manganese) specifically to reduce the cobalt content per battery while preserving energy density, partly in response to cobalt's supply-concentration and cost risks.
Both trade on the London Metal Exchange, though cobalt's LME market is considerably thinner than nickel's — cobalt pricing also references Fastmarkets benchmarks alongside LME quotes, a distinction covered on this site's own cobalt benchmark comparison page.
Cobalt, by a clear margin. The DRC's export quota system directly shapes global cobalt supply in a way no single country does for nickel, whose production is distributed across Indonesia, the Philippines, Russia and other producers.
