Commodity Market Report
Global cobalt market strategic planning outlook - Q1 2022
Report summary
After showing impressive double-digit growth in 2021, global cobalt demand is set to grow strongly in 2022 underpinned by intensive cobalt use across a spectrum of battery applications, coupled with steady recovery from legacy applications. Look ahead, cobalt will continue to play a critical role in enabling clean mobility and driving growth for a wide variety of essential industries, such as electronics, alloys, catalysis and healthcare. We project the cobalt market will need to double in size in the next 30 years, requiring additional investment in both virgin sources and recycling to avoid a supply crunch.
Table of contents
- Premia forecast for cobalt chemicals
-
Risks to price forecasts
- Short term – upside
- Short term – downside
- Long term – upside
- Long term – downside
- Overview
- Changes since Q4 2021
- Cobalt in batteries
- Cobalt in superalloys
- Cobalt in magnets
- Cobalt in catalysts
- Overview
-
Main changes since the last quarter
- Mine production capability
- Smelter production capability
- Refinery production capability
-
Key regional developments
- Africa
- Asia
- RoW
Tables and charts
This report includes 51 images and tables including:
- Forecast cobalt sulphate premia and metal prices, US$2022/lb Co
- Forecast cobalt sulphate demand
- Forecast cobalt tetroxide premia and metal prices, US$2022/lb Co
- Forecast cobalt tetroxide demand
- Cobalt demand outlook by application
- Cobalt demand outlook, by first use
- Cobalt demand outlook, by product type
- Cobalt demand outlook, by end use
- Changes to cobalt demand since Q4 2021
- Changes to cobalt demand in batteries
- Cobalt demand in batteries, by sector
- Changes to vehicle sales since Q4 2021
- Forecast vehicle sales and BEV penetration
- Forecast market share of battery cathodes in EVs
- Changes to cobalt demand in portables
- Changes to sales forecast for portables
- Forecast smartphone and potable sales
- Forecast battery cathodes in portables
- Changes to cobalt demand in superalloys
- Cobalt demand in superalloys, by sector
- Daily numbers of global commercial flights
- Yearly net orders of Airbus and Boeing
- Boeing’s annual revenue in Defense, Space & Security segment
- Changes to cobalt demand in magnets
- Cobalt demand in magnets, by type
- Forecast demand of NdFeB magnets by sector
- Forecast new wind power installation capacity
- Changes to cobalt demand in catalysts
- Cobalt demand in catalysts, by sector
- Forecast global PTA production
- Forecast global refined oil supply
- Base case cobalt mine production capability, by country
- Outlook for cobalt mine production capability, by source
- Base case refined cobalt production capability, by country
- Outlook for refined cobalt production capability, by source
- Changes to cobalt mine supply since Q4 2021
- Changes to cobalt mine supply, by country
- Changes to cobalt mine supply, by source
- Changes to cobalt smelter supply since Q4 2021
- Changes to cobalt smelter supply, by plant type
- Changes to cobalt smelter supply, by product
- Changes to refined cobalt supply since Q4 2021
- Changes to refined cobalt supply, by region
- Changes to refined cobalt supply, by product
- African mine capability by destination
- Non-integrated smelter production in the DRC
- Forecast African smelter production, by source
- Exports of cobalt intermediates from the DRC to China
- Indonesian HPAL and matte operations and projects
- Top ten cobalt refiners in China, 2030
- Forecast cobalt recycling capacity
What's included
This report contains:
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