Market analysis and evolution of application of cobalt
Cobalt is a critical metal in the cathode material of Li-ion battery,which has an important impact on battery performance.The resource distribution of cobalt,the cobalt investment layout of Chinese enterprises overseas and the terminal application of cobalt are introduced.The key factors of supply and demand relationship and fluctuation of cobalt price,as well as the cost of cobalt smelting are analyzed.Cobalt minerals are highly concentrated in the Democratic Republic of the Congo (DRC),which are affected by politics and economies,have large price fluctuations,prompt cell companies to search for alternative technologies,and promote the development of "low cobalt" and "decobalt".In the short term,cobalt prices fluctuate due to the relationship between supply and demand,the prices remain low.In the long term,the application of cobalt may expand due to low prices,the balance between supply and demand may change,the prices may rise again.