Cobalt Market Description
Cobalt demand is mainly driven by the growth in rechargeable batteries and super alloys for aerospace applications. Cobalt is mostly produced as a by-product of Copper and Nickel. This makes the prices of cobalt volatile. Total cobalt demand to exceed 1,20000 MT per annum by 2020 and the battery consumption is expected to account nearly 60% of the overall cobalt demand. By 2020, 75% of all the lithium batteries will contain cobalt as a key ingredient. Industrial and home grid energy systems such as the Tesla Powerwall are using lithium-ion batteries owing to their longer shelf life, reliability and charge acceptance. Cobalt has a wide range of industrial applications such as battery chemicals, super alloys, ceramics, and catalysts.
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Market Fundamentals — Supply and Demand
Planned and unplanned capacity investments & closures
Macro - Exchange rates, GDP, Inflation rates, Industrial production
Historical price analysis
Table of Contents
1.1 Market Overview — Global
2.1 Short Term
2.2 Medium Term
2.3 Long term
3.1 Price Analysis