What is the Average Cost of Cobalt per metric ton? Average Cobalt Element Price

Cobalt is a metal which is obtained as a by-product of mining for copper and nickel. Cobalt is famous for being used as a rich blue pigment used for centuries in glass and ceramic manufacturing. The cost of cobalt will depend greatly on current market conditions. In 2010 the average cost for a pound of cobalt was about $35 per pound. ($1.94/ounce, or $70,000 per ton)