A Five Year Strategic Outlook for the Cobalt Industry
The report is extremely detailed, and I think would be a very useful tool for any Cobalt participant... it is very relevant. I will recommend it to some of the miners that we are talking to.
Tony Southgate, Cobalt trader, Standard Bank plc
The executive report A Five Year Strategic Outlook for the Cobalt Industry published by Metal Bulletin Research provides analysis and insight into a market which is notoriously opaque. Analyses current market conditions in what is regarded as a secretive little market.
The global downturn took its toll on cobalt demand, as it did across the board in other commodities. Initial estimates indicate that cobalt demand declined by 4.7% in 2009 to 57,007 tonnes, putting it below 2007-08 levels but still well above 2006. Importantly for cobalt its growth in recent years has been driven by high tech applications rather than by heavy industry, construction or the automotive industry hence it weathered the storm better than others. Traditionally the major end use for cobalt had been the superalloy sector, but in recent years this has been overtaken by the burgeoning rechargeable battery sector. In the 10 years prior to the 2009 downturn, the compound average global growth rate (CAGR) for cobalt demand reached 7% per annum.
Cobalt contracts were launched on the LME in 2010, making this executive report very timely.
For more information please call +44 (0) 20 7779 8000 or email us. If you are in the Asia / Pacific region please call +61 3 5221 0715.
Other relevant Metal Bulletin Research reports inlclude:
- Aluminium Sheet and Extrusion: Weekly Market Tracker
- Aluminium and Raw Materials: Weekly Market Tracker
- Base Metals: Weekly Market Tracker
- The Global Outlook for Primary Aluminium to 2018
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