Commodity ratio · live
Nickel Futures to Cobalt Ratio
The nickel futures to cobalt ratio is 0.3020 — Nickel Futures at $17,000.13 per Metric Ton divided by Cobalt at $56,290.00 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.
Nickel Futures to Cobalt ratio
1.000 T of nickel futures = 0.3020 T of cobalt
Inverse (COB/NICKEL-FUT): 3.311 — one Metric Ton of cobalt buys that much nickel futures.
Below its 1 year average. (23th percentile of the last 1 year)
Nickel Futures
$17,000.13
per Metric Ton
Cobalt
$56,290.00
per Metric Ton
Unit basis: USD per Metric Ton ÷ USD per Metric Ton. The ratio reads as Metric Tons of cobalt per Metric Ton of nickel futures. Prices as of Mon, 24 Aug 2026 10:34:30 GMT.
1Y average
0.3295
median 0.3109
1Y low
0.2694
Dec 15, 2025
1Y high
0.4651
Sep 14, 2025
Normal band
0.2812–0.3777
mean ± 1 std dev
Deviation from mean
-0.57σ
364 observations
Nickel Futures to Cobalt ratio charts
Pick a range once — it applies to the NICKEL-FUT/COB ratio line, the OHLC candles and the Nickel Futures / Cobalt price chart below.
NICKEL-FUT/COB ratio line
How many T of Cobalt one T of Nickel Futures buys, over 1Y.
NICKEL-FUT/COB ratio candles
Open, high, low and close of the NICKEL-FUT/COB ratio for each period in the last 1Y.
Nickel 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 nickel futures to cobalt ratio
Nickel Futures to Cobalt ratio = Nickel Futures price per Metric Ton ÷ Cobalt 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: $17,000.13 ÷ $56,290.00 = 0.3020. The inverse is 3.311.
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 nickel futures to cobalt ratio today?
The nickel futures to cobalt ratio is 0.3020 — Nickel Futures at $17,000.13 per Metric Ton divided by Cobalt at $56,290.00 per Metric Ton, from live mid-market prices.
How do you calculate the nickel futures to cobalt ratio?
Divide the nickel futures 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 nickel futures.
What is the inverse of the nickel futures to cobalt ratio?
The inverse, cobalt to nickel futures, is 3.311 — how many Metric Tons of nickel futures one Metric Ton of cobalt buys.