Commodity ratio · live
Cobalt to Copper Futures Ratio
The cobalt to copper futures ratio is 8542 — Cobalt at $56,290.00 per Metric Ton divided by Copper Futures at $6.59 per Pound.
Prices as of Aug 24, 2026, 12:22 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Cobalt to Copper Futures ratio
1.000 T of cobalt = 8,541.7 Lb of copper futures
Inverse (HG-FUT/COB): 0.0001171 — one Pound of copper futures buys that much cobalt.
Below its 1 year average. (12th percentile of the last 1 year)
Cobalt
$56,290.00
per Metric Ton
Copper Futures
$6.59
per Pound
Unit basis: USD per Metric Ton ÷ USD per Pound. The ratio reads as Pounds of copper futures per Metric Ton of cobalt. Prices as of Mon, 24 Aug 2026 12:22:44 GMT.
1Y average
9163
median 9347
1Y low
6718
Oct 5, 2025
1Y high
10784
Mar 22, 2026
Normal band
8426–9899
mean ± 1 std dev
Deviation from mean
-0.84σ
332 observations
Cobalt to Copper Futures ratio charts
Pick a range once — it applies to the COB/HG-FUT ratio line, the OHLC candles and the Cobalt / Copper Futures price chart below.
COB/HG-FUT ratio line
How many Lb of Copper Futures one T of Cobalt buys, over 1Y.
COB/HG-FUT ratio candles
Open, high, low and close of the COB/HG-FUT ratio for each period in the last 1Y.
Cobalt and Copper Futures prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the cobalt to copper futures ratio
Cobalt to Copper Futures ratio = Cobalt price per Metric Ton ÷ Copper Futures price per Pound
The two legs use different units, so the result is a rate — Pounds of copper futures per Metric Ton of cobalt — rather than a plain count.
Worked example, live prices: $56,290.00 ÷ $6.59 = 8542. The inverse is 0.0001171.
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 | 4655.18 |
| 2 | XAG | Silver | 69.27 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.99 |
| 5 | NG-FUT | Natural Gas Futures | 2.81 |
| 6 | PL | Platinum | 1887.51 |
| 7 | PA | Palladium | 1353.70 |
Frequently asked questions
What is the cobalt to copper futures ratio today?
The cobalt to copper futures ratio is 8542 — Cobalt at $56,290.00 per Metric Ton divided by Copper Futures at $6.59 per Pound, from live mid-market prices.
How do you calculate the cobalt to copper futures ratio?
Divide the cobalt price per Metric Ton by the copper futures price per Pound. If the two units differ, the result is a rate rather than a plain count — read it as Pounds of copper futures per Metric Ton of cobalt.
What is the inverse of the cobalt to copper futures ratio?
The inverse, copper futures to cobalt, is 0.0001171 — how many Metric Tons of cobalt one Pound of copper futures buys.