Huangpu Mining

MARKET OUTLOOK

COBALT MARKET SIZE

By 2025, the worldwide cobalt market is expected to grow at a CAGR (Compound Annual Growth Rate) of more than 9%.

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KEY SEGMENTS OF THE GLOBAL COBALT MARKET

Battery Chemicals, Superalloys, Hard Metals, Ceramics & Pigments, Catalysts, and others.

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COBALT DEMAND

Growth in the worldwide electric vehicle (EV) industry resulted in a four-fold increase in cobalt demand in 2020, and an eleven-fold increase is expected by 2025.

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WHAT INFLUENCES COBALT PRICES

Due to the fact that cobalt is mined as a byproduct of copper and nickel, cobalt pricing has historically followed demand trends for these metals.

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REASONS TO INVEST IN HUANGPU MINING

 

 

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COBALT

COBALT IS A METALLIC ELEMENT THAT FINDS ITS APPLICATION IN A WIDE RANGE OF SECTORS OF VITAL IMPORTANCE


Cobalt ore is rarely mined for its cobalt content, with a few exceptions. Rather, it is frequently collected as a by-product from the mining of ores containing traces of cobalt, such as iron, nickel, copper, silver, manganese, zinc, and arsenic. Concentrating and extracting cobalt from these ores requires extensive processing.

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