Commodity ratio · live
Cobalt to Nickel Futures Ratio
The cobalt to nickel futures ratio is 3.311 — Cobalt at $56,290.00 per Metric Ton divided by Nickel Futures at $17,000.13 per Metric Ton.
Prices as of Aug 24, 2026, 10:34 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Cobalt to Nickel Futures ratio
1.000 T of cobalt = 3.311 T of nickel futures
Inverse (NICKEL-FUT/COB): 0.3020 — one Metric Ton of nickel futures buys that much cobalt.
Above its 1 year average. (77th percentile of the last 1 year)
Cobalt
$56,290.00
per Metric Ton
Nickel Futures
$17,000.13
per Metric Ton
Unit basis: USD per Metric Ton ÷ USD per Metric Ton. The ratio reads as Metric Tons of nickel futures per Metric Ton of cobalt. Prices as of Mon, 24 Aug 2026 10:34:30 GMT.
1Y average
3.088
median 3.216
1Y low
2.150
Sep 14, 2025
1Y high
3.712
Dec 15, 2025
Normal band
2.724–3.452
mean ± 1 std dev
Deviation from mean
+0.61σ
364 observations
Cobalt to Nickel Futures ratio charts
Pick a range once — it applies to the COB/NICKEL-FUT ratio line, the OHLC candles and the Cobalt / Nickel Futures price chart below.
COB/NICKEL-FUT ratio line
How many T of Nickel Futures one T of Cobalt buys, over 1Y.
COB/NICKEL-FUT ratio candles
Open, high, low and close of the COB/NICKEL-FUT ratio for each period in the last 1Y.
Cobalt and Nickel 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 nickel futures ratio
Cobalt to Nickel Futures ratio = Cobalt price per Metric Ton ÷ Nickel Futures price per Metric Ton
Both legs share the same unit, so the result is a plain unitless number, directly comparable across time.
Worked example, live prices: $56,290.00 ÷ $17,000.13 = 3.311. The inverse is 0.3020.
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 cobalt to nickel futures ratio today?
The cobalt to nickel futures ratio is 3.311 — Cobalt at $56,290.00 per Metric Ton divided by Nickel Futures at $17,000.13 per Metric Ton, from live mid-market prices.
How do you calculate the cobalt to nickel futures ratio?
Divide the cobalt price per Metric Ton by the nickel futures 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 nickel futures per Metric Ton of cobalt.
What is the inverse of the cobalt to nickel futures ratio?
The inverse, nickel futures to cobalt, is 0.3020 — how many Metric Tons of cobalt one Metric Ton of nickel futures buys.