China Cobalt Industry Examined & Forecast by Chisult Insight in Its New Report Recently Uploaded at MarketPublishers.com
28 Jul 2017 • by Natalie Aster
LONDON – The ambiguous nickel price during the past five years resulted in a poor production, which indirectly caused the passive reduction of cobalt ore. In the past year, the world’s refine cobalt output decreased by 4.3% (or 4224 tonnes) YoY. Furthermore, the shortage of refine cobalt will likely continue in the coming years owing to limited new cobalt ore and refine cobalt capabilities.
The Chinese cobalt consumption is mainly influenced by the battery market, especially the power battery sector. In 2016, the battery industry accounted for around 76.6% of the total China’s cobalt consumption. By 2020, the figure will likely touch 83%. Moreover, the country’s government has set up a two-million sales target for electric cars up till 2020, that is expected to give a boost to the demand for cathode materials and, thus, propel the demand for refine cobalt.
The majority of the Chinese refine cobalt manufacturers concentrates on cobalt salt products, and only a few of domestic manufacturers offer metal cobalt and cobalt powder products. GEM and Jinchuan are the top metal cobalt suppliers in China; whilst Shenzhen GEM, Shanghai Bailuoda and Hanrui are the dominant suppliers of cobalt powder.
The cutting-edge research report “China Cobalt (Metal/Salt/Powder) Industry PEST Ananlysis and Top 12 Manufacturers in-depth Survey, 2017 to 2020 Forecast (updated 2017.7)” worked out by Chisult Insight includes a detailed analysis of China’s cobalt industry performance. It offers an insightful overview of the industry chain, discusses the major factors shaping the market, reviews the major players in the domestic cobalt market and describes the competitive environment. Besides, this topical study includes the industry PEST analysis, discloses updated statistics on China’s cobalt production, consumption, shipments and trade dynamics; gives detailed profiles of the domestic cobalt manufacturers, highlights the top market trends and growth prospects, and gives a future outlook for the Chinese cobalt industry up till 2020.
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