This market resolves YES if the LME cobalt metal official cash settlement price exceeds 55 USD per kg on June 30, 2026.
What is measured: The London Metal Exchange official cash settlement price for cobalt metal (minimum 99.8% purity, registered brands) on the close of trading on June 30, 2026.
YES if: LME cobalt official cash settlement price is at or above 55.00 USD/kg on June 30, 2026.
NO if: LME cobalt official cash settlement price is below 55.00 USD/kg on June 30, 2026.
Resolution sources (priority order):
LME official settlement prices (lme.com/metals/minor-metals/cobalt)
Fastmarkets Metal Bulletin daily cobalt price assessment
Reuters commodity pricing — cobalt metal section
1,000The pricing on this market confuses me. AFAICT no cobalt price - cash or future, bid or offer - has been below $55/kg since the first week of this year. Cash prices have been very stable with the slightest upward trend. Futures are higher than cash, indicating that the market expects demand to rise relative to supply. Unless somebody is expecting a big mine to enter production this month - but not in a way that affects futures, such as because they expect a big factory to open next month? - I'm pretty confused by why this is so low.
Or I'm reading the prices wrong. That could explain it. But it sure looks like the price rose over 55 in the first week of January and has stayed steadily above it since. Not far above it, but comfortably outside the observed level of volatility.