Commodity ratio · live
Bitumen to Cobalt Ratio
The bitumen to cobalt ratio is 0.08072 — Bitumen at $4,544.00 per Metric Ton divided by Cobalt at $56,290.00 per Metric Ton.
Prices as of Aug 24, 2026, 10:24 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Bitumen to Cobalt ratio
1.000 T of bitumen = 0.08072 T of cobalt
Inverse (COB/BIT): 12.39 — one Metric Ton of cobalt buys that much bitumen.
Above its 1 year average. (85th percentile of the last 1 year)
Bitumen
¥4,544.00
per Metric Ton
Cobalt
$56,290.00
per Metric Ton
Unit basis: CNY per Metric Ton ÷ USD per Metric Ton. The ratio reads as Metric Tons of cobalt per Metric Ton of bitumen. Prices as of Mon, 24 Aug 2026 10:24:00 GMT.
These two commodities are quoted in different currencies (CNY and USD). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
0.07230
median 0.07205
1Y low
0.05408
Dec 16, 2025
1Y high
0.1065
Aug 31, 2025
Normal band
0.05924–0.08537
mean ± 1 std dev
Deviation from mean
+0.64σ
312 observations
Bitumen to Cobalt ratio charts
Pick a range once — it applies to the BIT/COB ratio line, the OHLC candles and the Bitumen / Cobalt price chart below.
BIT/COB ratio line
How many T of Cobalt one T of Bitumen buys, over 1Y.
BIT/COB ratio candles
Open, high, low and close of the BIT/COB ratio for each period in the last 1Y.
Bitumen and Cobalt prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the bitumen to cobalt ratio
Bitumen to Cobalt ratio = Bitumen price per Metric Ton ÷ Cobalt price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of cobalt per Metric Ton of bitumen — rather than a plain count.
Worked example, live prices: $4,544.00 ÷ $56,290.00 = 0.08072. The inverse is 12.39.
The flagship commodity ratios
Each of these has its own dedicated page with live pricing, a full year of history and range statistics.
Live prices behind the ratio
| # | Symbol | Name | Rate (USD) |
|---|---|---|---|
| 1 | XAU | Gold | 4647.62 |
| 2 | XAG | Silver | 69.00 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.75 |
| 5 | NG-FUT | Natural Gas Futures | 2.77 |
| 6 | PL | Platinum | 1885.63 |
| 7 | PA | Palladium | 1351.00 |
Frequently asked questions
What is the bitumen to cobalt ratio today?
The bitumen to cobalt ratio is 0.08072 — Bitumen at $4,544.00 per Metric Ton divided by Cobalt at $56,290.00 per Metric Ton, from live mid-market prices.
How do you calculate the bitumen to cobalt ratio?
Divide the bitumen price per Metric Ton by the cobalt price per Metric Ton. If the two units differ, the result is a rate rather than a plain count — read it as Metric Tons of cobalt per Metric Ton of bitumen.
What is the inverse of the bitumen to cobalt ratio?
The inverse, cobalt to bitumen, is 12.39 — how many Metric Tons of bitumen one Metric Ton of cobalt buys.