Commodity ratio · live
Copper Futures to Cobalt Ratio
The copper futures to cobalt ratio is 0.0001171 — Copper Futures at $6.59 per Pound divided by Cobalt at $56,290.00 per Metric Ton.
Prices as of Aug 24, 2026, 12:22 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Copper Futures to Cobalt ratio
1.000 Lb of copper futures = 0.0001171 T of cobalt
Inverse (COB/HG-FUT): 8542 — one Metric Ton of cobalt buys that much copper futures.
Above its 1 year average. (88th percentile of the last 1 year)
Copper Futures
$6.59
per Pound
Cobalt
$56,290.00
per Metric Ton
Unit basis: USD per Pound ÷ USD per Metric Ton. The ratio reads as Metric Tons of cobalt per Pound of copper futures. Prices as of Mon, 24 Aug 2026 12:22:44 GMT.
1Y average
0.0001099
median 0.0001070
1Y low
0.00009273
Mar 22, 2026
1Y high
0.0001489
Oct 5, 2025
Normal band
0.00009998–0.0001199
mean ± 1 std dev
Deviation from mean
+0.72σ
332 observations
Copper Futures to Cobalt ratio charts
Pick a range once — it applies to the HG-FUT/COB ratio line, the OHLC candles and the Copper Futures / Cobalt price chart below.
HG-FUT/COB ratio line
How many T of Cobalt one Lb of Copper Futures buys, over 1Y.
HG-FUT/COB ratio candles
Open, high, low and close of the HG-FUT/COB ratio for each period in the last 1Y.
Copper Futures 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 copper futures to cobalt ratio
Copper Futures to Cobalt ratio = Copper Futures price per Pound ÷ Cobalt price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of cobalt per Pound of copper futures — rather than a plain count.
Worked example, live prices: $6.59 ÷ $56,290.00 = 0.0001171. The inverse is 8542.
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 copper futures to cobalt ratio today?
The copper futures to cobalt ratio is 0.0001171 — Copper Futures at $6.59 per Pound divided by Cobalt at $56,290.00 per Metric Ton, from live mid-market prices.
How do you calculate the copper futures to cobalt ratio?
Divide the copper futures price per Pound 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 Pound of copper futures.
What is the inverse of the copper futures to cobalt ratio?
The inverse, cobalt to copper futures, is 8542 — how many Pounds of copper futures one Metric Ton of cobalt buys.