Cobalt Industry Annual Report 2021
2022-03-28 09:13:15 【Print】
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Contents
1. Overview of cobalt 5
1.1 Definition 5
1.2 Type 5
1.3 Distribution 5
1.4 Application 6
2. Economy and Policy 6
2.1 Hainan new energy vehicle after-sales service regulation comes into effect on Jan 15th 6
2.2 A subsidy of RMB10,000 for each charging pile for personal use of new energy vehicles in Xi'an 6
2.3 Ministry of Finance releases notice on subsidy for new energy vehicles in 2022 ahead of schedule 6
2.4 Guizhou strives to realize new energy vehicle sales of 400,000 units by 2025 6
2.5 China's NEVs production exceeds 3 million units in first eleven months 6
3. Market Movements 7
3.1 Market Movements in China 7
3.1.1 Cobalt concentrate 6-8% CIF China 7
3.1.2 Cobalt intermediate 20-30% CIF China 8
3.1.3 Cobalt metal 99.8%min Delivered China 9
3.1.4 Cobalt powder 99.5%min Delivered China 10
3.1.5 Cobalt carbonate 46%min Delivered China 11
3.1.6 Cobalt sulfate 20.5%min Delivered China 11
3.1.7 Cobalt chloride 24%min Delivered China 12
3.1.8 Cobalt tetroxide 73.5%min Delivered China 13
3.1.9 Cobalt oxide 72%min Delivered China 14
3.2 Market Movements Abroad 15
3.2.1 Cobalt metal 99.8%min in warehouse Rotterdam 15
3.2.2 Cobalt oxide 72%min in warehouse Rotterdam 16
3.2.3 Cobalt metal 99.8%min in warehouse Baltimore 17
4. Company News 18
4.1Hanrui Cobalt assures Singapore-based subsidiary of copper cathode supply 18
4.2 Swiss-based trader Telf to sell ERG's cobalt in 3-year deal 18
4.3 Panasonic to develop battery for electric vehicles without cobalt 19
4.4 First Cobalt inks cobalt hydroxide feed arrangements for refinery 19
4.5 SVOLT Energy signs strategic cooperation agreement with Huayou Cobalt 19
4.6 Jervois Mining to integrate pressure oxidation leach circuit into SMP Ni-Co refinery 19
4.7 GEM: NCM precursor and cobalt tetroxide facilities both in full capacity production 19
4.8 SVOLT Energy's cobaltless cathode material comes off line 19
4.9 Goldstab Organics to reduce cobalt metal consumption 19
4.10 Anglo Pacific inks $205m Voisey's Bay cobalt stream deal 19
4.11 High Tide advances its Lac Pegma copper-nickel-cobalt deposit 19
4.12 Great Atlantic commences diamond drilling at Mascarene Cu-Co-Ni-Zn-Au Property 20
4.13 Tartisan Nickel starts geophysical survey at Kenbridge Ni-Cu-Co Project 20
4.14 Cobalt Blue: BHCP Pilot Plant commissioning underway 20
4.15 UEX Corporation discovers new high-grade Cobalt-Nickel at Michael Lake 20
4.16 Queensland Pacific Metals receives excellent assay results from TECH Project 20
4.17 Chengtun Mining: Congo hydrometallurgical project under construction 20
4.18 Wanbao Mining produces first cobalt hydroxide in Congo 20
4.19 Hangzhou Zhiyu to increase SmCo magnet output 20
4.20 Corazon Mining starts drilling at South Pipe target at Lynn Lake Nickel Sulphide Project 20
4.21 Glencore says Australian nickel-cobalt plant running at reduced production after outage 21
4.22 Guangxi Yinyi to reduce cobalt metal output 21
4.23 Century Cobalt inks MOU with Technology Minerals on Emperium Project 21
4.24 SVOLT Energy to commence mass production of cobaltless battery in Jun 21
4.25 First Cobalt to Issue Shares to Glencore in Repayment of Loan 21
4.26 Stratton to sell First Cobalt's cobalt sulphate output in five-year deal 21
4.27 WWF and BMW call for deep-sea mining ban 21
4.28 Global Energy Metals inks deal to acquire strategic interest on Ni-Cu-Co project in Norway 21
4.29 Globally first batch of cobaltless cathode materials come off lines at SVOLT Energy 21
4.30 Lotus Resources sells Hylea cobalt project to Sunrise 21
4.31 Goldstab Organics' cobalt metal consumption to decline 22
4.32 First Cobalt granted U.S. Department of Energy funding for Idaho Cobalt Project 22
4.33 H.C. Starck Tungsten Powders seeks to develop new cobalt recycling method 22
4.34 Sherritt reports strong nickel and cobalt production in Q1 2021 22
4.35 Bolt Metals Provides update on Cyclops Nickel-Cobalt Project 22
4.36 Canadian Edison Cobalt closes private placements 22
4.37 CNGR to establish CNGR New Energy Global R&D Base 22
4.38 Glencore to reopen Mutanda copper and cobalt mine in 2022 22
4.39 Inomin starts Beaver Nickel-Cobalt exploration program 22
4.40 Ronbay Technology and Maolian Technology reach cooperation intention of nickel and cobalt resources 23
4.41 La Compagnie Miniere De Camdove to increase cobalt hydroxide production capacity 23
4.42 Cobalt Blue's pilot plant starts operation 23
4.43 Posco and Huayou Cobalt to launch recycling joint venture 23
4.44 Chengtun Mining to raise funds via private placement for copper and cobalt project 23
4.45 GEM (Jiangsu) to invest in building projects including 30,000tpy lithium battery multi-element precursor 23
4.46 QPM signs $US15m offtake for nickel and cobalt 23
4.47 Panther Metals announces new exploration target for Coglia Nickel-Cobalt Project 23
4.48 CNGR to raise RMB5 billion for Beibu Gulf project 23
4.49 Goldstab Organics reduces cobalt metal consumption 23
4.50 CMOC to construct TFM copper-cobalt mixed ore project in D.R.C. 24
4.51 Emetals commences drilling at Poona Rare Metals Project 24
4.52 Goldstab Organics' cobalt metal consumption increases 24
4.53 Tengyuan Cobalt approved of IPO application 24
4.54 First Cobalt resumes drilling at Iron Creek Co-Cu Project 24
4.55 Chengtun Mining to invest RMB6.19 billion in constructing new energy material project 24
4.56 Goldstab Organics' reduces cobalt metal consumption 24
4.57 Dowstone announces 400-mln-yuan capital increase in MMT to ensure stable copper and cobalt ore supply 24
4.58 GEM's subsidiary to supply NCM precursor and cobalt tetroxide to XTC New Energy 25
4.59 Morocco CTT's cobalt metal output to decrease 25
4.60 Huayou Cobalt and Ronbay Technology sign strategic cooperation agreement on nickel and cobalt resources 25
4.61 Huayou Cobalt and Farasis Energy sign 161,500t NCM precursor supply agreement 25
4.62 BYD's new energy vehicle sales up by 216.97% YOY in Jan-Nov 2021 25
4.63 Xiamen Tungsten New Energy to invest in 30,000tpy Li-ion battery cathode material production expansion project 25
5. Producers Statistics 25
5.1 Cobalt metal 25
5.1.1 Production capacity 25
5.1.2 Operating rate 26
5.1.3 Output 26
5.1.4 Stocks 26
5.2 Cobalt powder 26
5.2.1 Production capacity 26
5.2.2 Operating rate 27
5.2.3 Output 27
5.2.4 Stocks 27
5.3 Cobalt sulfate 28
5.3.1 Production capacity 28
5.3.2 Operating rate 28
5.3.3 Output 28
5.3.4 Stocks 29
5.4 Cobalt chloride 29
5.5.1 Production capacity 29
5.5.2 Operating rate 30
5.5.3 Output 30
5.5.4 Stocks 30
5.5 Cobalt tetroxide 31
5.5.1 Production capacity 31
5.5.2 Operating rate 31
5.5.3 Output 31
5.5.4 Stocks 32
6. Customs Statistics 32
6.1 China's cobalt concentrate imports down by 64.3% YOY in 2021 32
6.2 China's cobalt intermediate imports up by 3.1% YOY in 2021 32
6.3 China's cobalt metal imports up by 3.5% YOY in 2021 33
6.4 China's cobalt tetroxide exports up by 26.7% YOY in 2021 33
7. Outlook for 2021 33
7.1 Cobalt metal 99.8%min 34
7.2 Cobalt powder 99.5%min 34
7.3 Cobalt carbonate 45%min 34
7.4 Cobalt sulfate 20.5%min 34
7.5 Cobalt chloride 24%min 34
7.6 Cobalt tetroxide 73.5%min 34
7.7 Cobalt oxide 72%min 34
7.8 Cobalt intermediate 20-30% 34
1. Overview of cobalt 5
1.1 Definition 5
1.2 Type 5
1.3 Distribution 5
1.4 Application 6
2. Economy and Policy 6
2.1 Hainan new energy vehicle after-sales service regulation comes into effect on Jan 15th 6
2.2 A subsidy of RMB10,000 for each charging pile for personal use of new energy vehicles in Xi'an 6
2.3 Ministry of Finance releases notice on subsidy for new energy vehicles in 2022 ahead of schedule 6
2.4 Guizhou strives to realize new energy vehicle sales of 400,000 units by 2025 6
2.5 China's NEVs production exceeds 3 million units in first eleven months 6
3. Market Movements 7
3.1 Market Movements in China 7
3.1.1 Cobalt concentrate 6-8% CIF China 7
3.1.2 Cobalt intermediate 20-30% CIF China 8
3.1.3 Cobalt metal 99.8%min Delivered China 9
3.1.4 Cobalt powder 99.5%min Delivered China 10
3.1.5 Cobalt carbonate 46%min Delivered China 11
3.1.6 Cobalt sulfate 20.5%min Delivered China 11
3.1.7 Cobalt chloride 24%min Delivered China 12
3.1.8 Cobalt tetroxide 73.5%min Delivered China 13
3.1.9 Cobalt oxide 72%min Delivered China 14
3.2 Market Movements Abroad 15
3.2.1 Cobalt metal 99.8%min in warehouse Rotterdam 15
3.2.2 Cobalt oxide 72%min in warehouse Rotterdam 16
3.2.3 Cobalt metal 99.8%min in warehouse Baltimore 17
4. Company News 18
4.1Hanrui Cobalt assures Singapore-based subsidiary of copper cathode supply 18
4.2 Swiss-based trader Telf to sell ERG's cobalt in 3-year deal 18
4.3 Panasonic to develop battery for electric vehicles without cobalt 19
4.4 First Cobalt inks cobalt hydroxide feed arrangements for refinery 19
4.5 SVOLT Energy signs strategic cooperation agreement with Huayou Cobalt 19
4.6 Jervois Mining to integrate pressure oxidation leach circuit into SMP Ni-Co refinery 19
4.7 GEM: NCM precursor and cobalt tetroxide facilities both in full capacity production 19
4.8 SVOLT Energy's cobaltless cathode material comes off line 19
4.9 Goldstab Organics to reduce cobalt metal consumption 19
4.10 Anglo Pacific inks $205m Voisey's Bay cobalt stream deal 19
4.11 High Tide advances its Lac Pegma copper-nickel-cobalt deposit 19
4.12 Great Atlantic commences diamond drilling at Mascarene Cu-Co-Ni-Zn-Au Property 20
4.13 Tartisan Nickel starts geophysical survey at Kenbridge Ni-Cu-Co Project 20
4.14 Cobalt Blue: BHCP Pilot Plant commissioning underway 20
4.15 UEX Corporation discovers new high-grade Cobalt-Nickel at Michael Lake 20
4.16 Queensland Pacific Metals receives excellent assay results from TECH Project 20
4.17 Chengtun Mining: Congo hydrometallurgical project under construction 20
4.18 Wanbao Mining produces first cobalt hydroxide in Congo 20
4.19 Hangzhou Zhiyu to increase SmCo magnet output 20
4.20 Corazon Mining starts drilling at South Pipe target at Lynn Lake Nickel Sulphide Project 20
4.21 Glencore says Australian nickel-cobalt plant running at reduced production after outage 21
4.22 Guangxi Yinyi to reduce cobalt metal output 21
4.23 Century Cobalt inks MOU with Technology Minerals on Emperium Project 21
4.24 SVOLT Energy to commence mass production of cobaltless battery in Jun 21
4.25 First Cobalt to Issue Shares to Glencore in Repayment of Loan 21
4.26 Stratton to sell First Cobalt's cobalt sulphate output in five-year deal 21
4.27 WWF and BMW call for deep-sea mining ban 21
4.28 Global Energy Metals inks deal to acquire strategic interest on Ni-Cu-Co project in Norway 21
4.29 Globally first batch of cobaltless cathode materials come off lines at SVOLT Energy 21
4.30 Lotus Resources sells Hylea cobalt project to Sunrise 21
4.31 Goldstab Organics' cobalt metal consumption to decline 22
4.32 First Cobalt granted U.S. Department of Energy funding for Idaho Cobalt Project 22
4.33 H.C. Starck Tungsten Powders seeks to develop new cobalt recycling method 22
4.34 Sherritt reports strong nickel and cobalt production in Q1 2021 22
4.35 Bolt Metals Provides update on Cyclops Nickel-Cobalt Project 22
4.36 Canadian Edison Cobalt closes private placements 22
4.37 CNGR to establish CNGR New Energy Global R&D Base 22
4.38 Glencore to reopen Mutanda copper and cobalt mine in 2022 22
4.39 Inomin starts Beaver Nickel-Cobalt exploration program 22
4.40 Ronbay Technology and Maolian Technology reach cooperation intention of nickel and cobalt resources 23
4.41 La Compagnie Miniere De Camdove to increase cobalt hydroxide production capacity 23
4.42 Cobalt Blue's pilot plant starts operation 23
4.43 Posco and Huayou Cobalt to launch recycling joint venture 23
4.44 Chengtun Mining to raise funds via private placement for copper and cobalt project 23
4.45 GEM (Jiangsu) to invest in building projects including 30,000tpy lithium battery multi-element precursor 23
4.46 QPM signs $US15m offtake for nickel and cobalt 23
4.47 Panther Metals announces new exploration target for Coglia Nickel-Cobalt Project 23
4.48 CNGR to raise RMB5 billion for Beibu Gulf project 23
4.49 Goldstab Organics reduces cobalt metal consumption 23
4.50 CMOC to construct TFM copper-cobalt mixed ore project in D.R.C. 24
4.51 Emetals commences drilling at Poona Rare Metals Project 24
4.52 Goldstab Organics' cobalt metal consumption increases 24
4.53 Tengyuan Cobalt approved of IPO application 24
4.54 First Cobalt resumes drilling at Iron Creek Co-Cu Project 24
4.55 Chengtun Mining to invest RMB6.19 billion in constructing new energy material project 24
4.56 Goldstab Organics' reduces cobalt metal consumption 24
4.57 Dowstone announces 400-mln-yuan capital increase in MMT to ensure stable copper and cobalt ore supply 24
4.58 GEM's subsidiary to supply NCM precursor and cobalt tetroxide to XTC New Energy 25
4.59 Morocco CTT's cobalt metal output to decrease 25
4.60 Huayou Cobalt and Ronbay Technology sign strategic cooperation agreement on nickel and cobalt resources 25
4.61 Huayou Cobalt and Farasis Energy sign 161,500t NCM precursor supply agreement 25
4.62 BYD's new energy vehicle sales up by 216.97% YOY in Jan-Nov 2021 25
4.63 Xiamen Tungsten New Energy to invest in 30,000tpy Li-ion battery cathode material production expansion project 25
5. Producers Statistics 25
5.1 Cobalt metal 25
5.1.1 Production capacity 25
5.1.2 Operating rate 26
5.1.3 Output 26
5.1.4 Stocks 26
5.2 Cobalt powder 26
5.2.1 Production capacity 26
5.2.2 Operating rate 27
5.2.3 Output 27
5.2.4 Stocks 27
5.3 Cobalt sulfate 28
5.3.1 Production capacity 28
5.3.2 Operating rate 28
5.3.3 Output 28
5.3.4 Stocks 29
5.4 Cobalt chloride 29
5.5.1 Production capacity 29
5.5.2 Operating rate 30
5.5.3 Output 30
5.5.4 Stocks 30
5.5 Cobalt tetroxide 31
5.5.1 Production capacity 31
5.5.2 Operating rate 31
5.5.3 Output 31
5.5.4 Stocks 32
6. Customs Statistics 32
6.1 China's cobalt concentrate imports down by 64.3% YOY in 2021 32
6.2 China's cobalt intermediate imports up by 3.1% YOY in 2021 32
6.3 China's cobalt metal imports up by 3.5% YOY in 2021 33
6.4 China's cobalt tetroxide exports up by 26.7% YOY in 2021 33
7. Outlook for 2021 33
7.1 Cobalt metal 99.8%min 34
7.2 Cobalt powder 99.5%min 34
7.3 Cobalt carbonate 45%min 34
7.4 Cobalt sulfate 20.5%min 34
7.5 Cobalt chloride 24%min 34
7.6 Cobalt tetroxide 73.5%min 34
7.7 Cobalt oxide 72%min 34
7.8 Cobalt intermediate 20-30% 34
