Cobalt Market 2021 outlook to 2050
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
- New price cycles needed in mid-2020s and early 2030s
- Long-term cobalt price forecast to be consistent with the historical average
- Cobalt demand set to grow strongly in the next decade
- Long-term outlook is positive, but substitution risks persist
- Cobalt supply will remain DRC- and China-centric, but diversification continues
- Recycling to make material contribution to supply growth from early 2030s
- Market balance and price drivers
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Base case price forecast
- Short-term forecast (2022-2024)
- Medium-term forecast (2025-2029)
- Long-term forecast (2030-2050)
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Risks to forecast
- Short term – upside
- Short term – downside
- Long term – upside
- Long term – downside
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Batteries
- Automotive
- Portable electronics
- Energy storage systems (ESS)
- Power and motive devices
-
Superalloys
- Aerospace and defence
- Power generation
- Prosthetics and dentistry
-
Tool materials
- Cemented carbides
- High-speed steel (HSS) and diamond tools
- Magnets
- Pigments and decolourisers
- Catalysts
- Soaps and driers
- Other niche applications
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Mine production capability
- Summary
- Africa
- Asia
- Europe
- Oceania
- Americas
- Smelter production capability
- Recycling capacity
-
Refinery production capability
- Summary
- By geography
- By product type
Tables and charts
This report includes 71 images and tables including:
- Cobalt market balances and metal price outlook
- Cobalt demand outlook, by first use
- Cobalt demand outlook, by end use
- Supply of cobalt intermediates, by geography
- Supply of refined cobalt, by geography
- Global cobalt feedstock production versus demand
- Market balances for cobalt feedstocks
- Market balances for refined cobalt and stock levels
- Market balances for cobalt metal
- Cobalt market balances and metal price outlook
- Outlook for cobalt hydroxide payability and underlying metal prices
- Forecast cobalt demand in rechargeable batteries, by end use
- Forecast cobalt demand in rechargeable batteries, by battery type
- Forecast cobalt demand in rechargeable batteries, by product type
- Forecast cobalt demand in superalloys, by end use
- Forecast cobalt demand in tool materials, by tool type
- Forecast cobalt demand in tool materials, by end use
- Forecast demand of NdFeB magnets, by sector
- Forecast new wind power installation capacity and NdFeB loadings in wind turbines
- Forecast production of SmCo magnets, by region
- Forecast cobalt demand in magnets, by type
- Forecast global PTA production, by region
- Forecast global diesel and gasoil supply, by region
- Forecast cobalt demand in other niche applications
- Cobalt smelter production, by source
- Base case cobalt smelter production, by geography
- African mine capability, by destination
- Base case cobalt smelter production, by product type
- Forecast cobalt recovery at smelters
- Cobalt contained in end-of-life (EOL) battery scrap
- Cobalt recovery from recycling, by sector
- Forecast cobalt recycling, by source
- Forecast cobalt recycling capacity
- Short-term cobalt price forecasts
- Medium-term cobalt price forecasts
- Long-term cobalt price forecasts
- Cobalt demand outlook, by first use
- Cobalt demand outlook, by end use
- Cobalt demand outlook, by first use and product
- Cobalt demand outlook, by product form
- Forecast vehicle sales and BEV penetration
- Forecast market share of battery cathodes in EVs
- Forecast intensity of use of cobalt in electric vehicles
- Forecast sales of portable electronics
- Forecast market share of battery cathodes in portables devices
- Forecast ESS installations by battery technology
- Forecast market share of Li-ion battery cathodes in ESS
- Forecast sales of power and motive devices
- Forecast market share of Li-ion battery cathodes in power devices
- Daily numbers of global commercial flights
- Yearly net orders of Airbus and Boeing
- Forecast commercial fleet and retired planes
- Forecast value added of aerospace, by geography
- Forecast electricity output, by source
- Forecast cemented carbide demand versus BEV penetration
- Forecast cemented carbide demand by sector and cobalt loading rates
- Cobalt mine production, by source
- Base case cobalt mine production, by region
- Base case cobalt mine production, by primary metal
- Base case cobalt mine production, by mining sector
- Scenarios for cobalt supply from artisanal sources
- African cobalt mine production
- Asian cobalt mine production
- European cobalt mine production
- Oceania cobalt mine production
- Cobalt mine production in the Americas
- Refined cobalt production, by source
- Base case refined cobalt production, by geography
- Refined cobalt production and projects, by geography
- Base case refined cobalt production, by product type
- Refined cobalt production, by product type and source
What's included
This report contains:
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