Critical-mineral export squeeze on rare earths.
prob 0.38 · severity 3.5 / 5US + allied manufacturers · rare earths + magnets + battery materials
open scenario →$ shortage commodity get MIN.COBL > spot: $31,400/t > stress_index: 0.55 WATCH > updated 14:27 UTC
BRENT $70.5/b ▲ TTF €43.7/MWh ● OPEC_ORB n/a SPR_US 331.2 Mb ▼ FAO_FFPI 130.8 ▼
Standard-grade cobalt. Flat on the spot market; concentration risk keeps stress elevated.
Cobalt (MIN.COBL) is a critical mineral commodity tracked by shortage.life with a live spot of $31,400/t and a v3.2 stress index of 0.55. Quoted in $/t, the price is sourced from primary institutional feeds and refreshed on the cadence documented at /methodology.
Standard-grade cobalt. Flat on the spot market; concentration risk keeps stress elevated. At the latest reading, Cobalt prints a spot of $31,400/t — a move of — 0.00% over the past twenty-four hours and ▲1.61% across the trailing thirty days.
The v3.2 stress index places MIN.COBL at 0.55 — a watch reading on a composite that blends price momentum, inventory cover, supplier concentration and geopolitical exposure. The metric is recomputed on every ingestion cycle, and the weekly delta is the line worth tracking rather than the absolute level.
For operators, the question is not the spot itself but the buffer behind it. A tightening reading on Cobalt compounds with any incident on a shared transit route or producer, and the cascade is rarely linear. The scenarios below carry MIN.COBL as an explicit input — each one is wargamed and reviewed against this commodity's exposure profile.