Key Highlights

  • Cobalt futures hold at 22.80.
  • The quote records 0.00 and 0.00%.
  • The chart shows identical opening, high, low and current values.
  • The latest displayed volume reads 0.
  • China’s new energy vehicle output rises 16.9% YoY in September.
  • The IMF projects global growth of 3.1 percent in 2026.

Cobalt metal futures held at 22.80 in the 30 October 2026 chart, pausing after a prolonged downward sequence. The flat quote came against expanding Chinese new energy vehicle production and an uneven global growth outlook. For Australian readers following battery-material markets, the latest observation showed no price change, while the broader futures history remained distinctly weaker.

Unmodified Cobalt TradingView chart captured on 30 October 2026

Source chart, 30 October 2026

A Flat Reading Follows a Long Decline

The Cobalt Metal Fastmarkets futures chart shows prices stepping down over the displayed period. The decline becomes particularly apparent through September and October, with the latest observations clustered near the lower edge of that history.

The current observation differs from a conventional wide-ranging daily candle: its opening, high, low and current fields are identical. The displayed volume is also zero. This makes the flat observation a narrow statement about the quoted contract, rather than evidence that the wider cobalt market has reached a turning point.

Vehicle Production Grows Against a Cautious Outlook

China’s National Bureau of Statistics reported new energy vehicle output growth of 16.9% YoY in September. The IMF’s October outlook projects global growth of 3.1 percent in 2026 and 3.4 percent in 2027.

Australian annual CPI inflation reached 4.3% in September, according to the ABS. Those production and economic developments supply context for Australian readers, while the quoted cobalt contract itself shows an unchanged latest observation.

Technical Outlook: Cobalt

The cobalt futures chart shows an opening quote of 22.80, a high of 22.80, a low of 22.80 and a current value of 22.80. The change fields read 0.00 and 0.00%.

All displayed price fields read 22.80, so the chart records no separation between the opening quote, session extremes and current value. The unchanged reading does not itself demonstrate a reversal of the preceding decline. The surrounding history continues to show lower successive quoted levels over the recent months.

Key Levels to Watch

The identical session fields provide no separate high-low range for the latest observation. No immediate or next support and resistance levels are identified in the chart. The current contract reading remains the available numerical reference, while the historical sequence shows the preceding decline without establishing a future turning level.

Summary

Cobalt futures are unchanged at the latest observation after a sustained decline in the displayed series. Growing Chinese new energy vehicle production and the IMF growth outlook provide wider context. The flat contract reading and zero displayed volume call for a precise description of the observation rather than a claim of renewed momentum.