Commodity ratio · live
Cobalt to Platinum Ratio
The cobalt to platinum ratio is 29.85 — Cobalt at $56,290.00 per Metric Ton divided by Platinum at $1,885.75 per Troy Ounce.
Prices as of Aug 24, 2026, 12:09 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Cobalt to Platinum ratio
1.000 T of cobalt = 29.850 T.oz of platinum
Inverse (PL/COB): 0.03350 — one Troy Ounce of platinum buys that much cobalt.
Close to the middle of its 1 year range. (63th percentile of the last 1 year)
Cobalt
$56,290.00
per Metric Ton
Platinum
$1,885.75
per Troy Ounce
Unit basis: USD per Metric Ton ÷ USD per Troy Ounce. The ratio reads as Troy Ounces of platinum per Metric Ton of cobalt. Prices as of Mon, 24 Aug 2026 12:09:18 GMT.
1Y average
28.39
median 28.30
1Y low
19.29
Jan 26, 2026
1Y high
36.74
Jul 1, 2026
Normal band
24.55–32.22
mean ± 1 std dev
Deviation from mean
+0.38σ
311 observations
Cobalt to Platinum ratio charts
Pick a range once — it applies to the COB/PL ratio line, the OHLC candles and the Cobalt / Platinum price chart below.
COB/PL ratio line
How many T.oz of Platinum one T of Cobalt buys, over 1Y.
COB/PL ratio candles
Open, high, low and close of the COB/PL ratio for each period in the last 1Y.
Cobalt and Platinum 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 platinum ratio
Cobalt to Platinum ratio = Cobalt price per Metric Ton ÷ Platinum price per Troy Ounce
The two legs use different units, so the result is a rate — Troy Ounces of platinum per Metric Ton of cobalt — rather than a plain count.
Worked example, live prices: $56,290.00 ÷ $1,885.75 = 29.85. The inverse is 0.03350.
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 | 4640.70 |
| 2 | XAG | Silver | 68.90 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.88 |
| 5 | NG-FUT | Natural Gas Futures | 2.78 |
| 6 | PL | Platinum | 1883.84 |
| 7 | PA | Palladium | 1350.90 |
Frequently asked questions
What is the cobalt to platinum ratio today?
The cobalt to platinum ratio is 29.85 — Cobalt at $56,290.00 per Metric Ton divided by Platinum at $1,885.75 per Troy Ounce, from live mid-market prices.
How do you calculate the cobalt to platinum ratio?
Divide the cobalt price per Metric Ton by the platinum price per Troy Ounce. If the two units differ, the result is a rate rather than a plain count — read it as Troy Ounces of platinum per Metric Ton of cobalt.
What is the inverse of the cobalt to platinum ratio?
The inverse, platinum to cobalt, is 0.03350 — how many Metric Tons of cobalt one Troy Ounce of platinum buys.