Global and China Cobalt Markets, 2014-2018 & 2019-2023: Industry Chain Focuses on Upstream, Mindstream, & Downstream
The industry chain of cobalt mainly includes cobalt ore mining and dressing (upstream), cobalt smelting and processing (midstream) and terminal utilization of cobalt (downstream).
- The industry chain of cobalt mainly includes cobalt ore mining and dressing (upstream), cobalt smelting and processing (midstream) and terminal utilization of cobalt (downstream).
- In the upstream, Congo (Kinshasa) accounts for nearly half of the global cobalt ore reserves and production; in the midstream, China contributes nearly half to global production capacity and production volume of cobalt salts, cobalt and cobalt powder; in the downstream, cobalt is applied in batteries, high-temperature alloys, cemented carbides, magnetic materials, etc.
- In recent years, global cobalt production stay above 100,000 tons/year and cobalt demand is also small.
- As the global new energy vehicle industry is developing rapidly, the global cobalt demand will also continue to rise.