CATEGORY

Cobalt

Beroe LiVE.Ai™

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Cobalt Market Monitoring Dashboard

Price Trend
43658.94
Apr-24
USD/MT
History Forecast

Understand the correlation between costs, margins, and prices impacting your category on a real time basis on Beroe LiVE.Ai™

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Cobalt Industry Benchmarks

Savings Achieved

(in %)

The average annual savings achieved in Cobalt category is 6.44%

Payment Terms

(in days)

The industry average payment terms in Cobalt category for the current quarter is 64.8 days

Compare your category performance against peers and industry benchmarks across 20+ parameters on Beroe LiVE.Ai™

Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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Meet Abi

The World’s first Digital Market Analyst

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    Meet Abi

    The World’s first Digital Market Analyst

    Abi, the AI-powered digital assistant brings together data, insights, and intelligence for faster answers to sourcing questions

    Abi is now supercharged with GPT4 AI engine. Enjoy the ease of ChatGPT, now on Abi

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    Cobalt Suppliers

    Cobalt Supplier

    Find the right-fit cobalt supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

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    Sample Supplier
    Company
    ALCOA CORPORATION
    Location
    Jackson, Mississipi
    Duns number
    3862211
    D&B SER Rating
    dnb logo

    Up to 3 months

    1 9
    4
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile
    Company and Sector Performance
    59
    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    53
    Social
    57
    Governance
    71
    6 Domains Performance (/100)
    Business behaviour
    59
    Human rights
    56
    Community Environment
    67
    Corporate governance
    77
    Human resources
    53
    Security Scorecard
    85
    Threat indicators
    B
    87
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    D
    66
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    B
    81
    Application Security
    Detecting common website application vulnerbilities
    B
    84
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    B
    84
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    97
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked
    Industry Comparison
    alcoa.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    1
    Workforce Health Safety Issues
    0
    Product Service Issues
    27
    Human Rights Issues
    0
    Production Supply Chain Issues
    2
    Environmental Non Compliance Flags
    30
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    3
    Fraud Issues
    0
    Labor Health Safety Flags
    29
    Regulatory Issues
    3
    Workforce Disputes
    29
    Sanctions
    0
    esg energy transition
    50
    Discrimination Workforce Rights Issues
    0
    esg controversies critical severity
    Yes

    Cobalt Market Intelligence

    global market outlook

      • The global Consumer Events market is estimated to be 750 billion USD in 2022. Market size in North America is the highest at $260 Billion, followed by Europe with a market size of $180 Billion. APAC is estimated to have a market size of 155 Billion.
      • Global players in the Consumer Events industry includes Jack Morton Worldwide, George P Johnson, MKTG, Momentum WW, Mosaic.
        According to industry experts, the global demand is expected to grow at around 9% CAGR (2021-2026F).
      • The top three industries that contribute to the Consumer Events market are FMCG, Retail, and FBT.
      • Consumer event companies have begun to employ new technologies, such as AR to aid consumers in better connecting with brands throughout the event's many stages. Data collecting increased during events because of online registration and smartphone technology.

    Cobalt market report transcript

    Cobalt Global Market Outlook

    • The Democratic Republic of Congo (DRC) continued to dominate the global market share, in terms of mine supply, supplying nearly 70 percent of the mined cobalt

    • Cobalt mine and refined production is estimated to have decreased in 2020, due to the impact of the COVID-19 pandemic

    Impact of COVID-19 on Cobalt Industry

    • Mine production of the metal witnessed a slump in 2020,  owing to the restrictions due to COVID-19 pandemic, and the prices witnessed a downtrend in 2020, as compared to 2019.

    • Positive demand outlook for the metal is likely during Q4 2021 and beyond, supported by robustly rising demand from the electric vehicles sector

    • The spread of the new COVID variant, Omicron, in South Africa, has sparked concerns over cobalt supply , as South Africa remains the largest transit point for cobalt transportation in Africa

    • Slack demand from the downstream industries, due to the outbreak of the COVID-19 pandemic, weighed on the cobalt market through 2020. However, recovery in market demand and prices can be well expected in 2021.

    Global Cobalt Market: Drivers and Constraints

    Rapidly rising  demand, particularly from the electric vehicles sector, will continue to remain as the most significant growth driver of the cobalt metal.

    Industry Drivers

    • Lithium Ion Batteries – Growth in NEV sales

    • Firm demand from portable electronics, amid roll out of 5G technology

    • Recovery in the aerospace sector to the pre-pandemic levels

    Constraints

    • Uncertainty in the demand for the metal due to the impact of COVID-19

    • Logistics disruptions in Africa, affecting the global supply of the material

    • Volatility in Copper and Nickel market

    Interesting Reads:

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