Cobalt Industry Annual Report 2022
2023-02-21 08:03:33 【Print】
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Contents
1. Overview of cobalt 3
1.1 Definition 3
1.2 Type 3
1.3 Distribution 3
1.4 Application 4
2. Economy and Policy 4
2.1 MOF: Over RMB1 trillion deducted from due taxes and fees in 2021 4
2.1.2 Four ministries: Subsidy standard for NEV in 2022 to decline by 30% on basis of 2021 4
2.1.3 CAAM: China's NEV sales in 2021 up by 1.6 times YOY 4
2.1.4 MIIT pushes to speed up lithium development in China 4
2.1.5 MIIT: to moderately speed up domestic lithium and nickel development 4
2.1.6 BYD's NEV sales reach 88,300 units in Feb 4
2.1.7 CPCA: China's NEV retail sales up by 180.5% YOY in Feb 5
2.1.8 MEE launches six-batch of second-round central environmental inspection 5
2.1.9 GAC: New energy vehicle sales in June rise by 173% YoY 5
2.1.10 CPCA: China's passenger car retail sales increase by 22.6% YoY in Jun 5
2.1.11 Hainan plans to increase installed PV capacity by 4GW by 2025 5
2.1.12 Hunan aims for over 40GW of installed new energy power capacity by 2030 5
2.1.13 CPCA: China's NEV power battery installation up by 92.3% YoY in Jan-Nov 5
3. Market Movements 5
3.1 Market Movements in China 5
3.1.1 Cobalt concentrate 6-8% CIF China 5
3.1.2 Cobalt intermediate 20-30% CIF China 6
3.1.3 Cobalt metal 99.8%min Delivered China 7
3.1.4 Cobalt powder 99.5%min Delivered China 8
3.1.5 Cobalt carbonate 46%min Delivered China 9
3.1.6 Cobalt sulfate 20.5%min Delivered China 9
3.1.7 Cobalt chloride 24%min Delivered China 10
3.1.8 Cobalt tetroxide 73.5%min Delivered China 11
3.1.9 Cobalt oxide 72%min Delivered China 12
3.2 Market Movements Abroad 13
3.2.1 Cobalt metal 99.8%min in warehouse Rotterdam 13
3.2.2 Cobalt oxide 72%min in warehouse Rotterdam 14
3.2.3 Cobalt metal 99.8%min in warehouse Baltimore 15
4. Company News 16
4.1 Geely Automobile's car sales up by 1% YOY in 2021 16
4.2 GMW's auto sales up by 15% YOY in 2021 16
4.3 JAC's auto sales up by 15.63% YoY in 2021 16
4.4 Juwan Technical Research to co-build 1,0000 super-charging stations with Tianshu New Energy in three years 16
4.5 Great Power's 20GWh battery project breaks ground 16
4.6 Dongfeng Honda new energy vehicle plant settles in Wuhan 16
4.7 South Korean SK30GWh power battery project starts construction in Yancheng, Jiangsu 16
4.8 Huayou Cobalt: Joint venture company to invest USD2.08 billion in building laterite nickel ore hydro-smelting project 16
4.9 EVE Energy to construct RMB100-billion level new energy battery industrial base in Huizhou 16
4.10 LB Group: phase one of 200,000tpy Li-ion battery material project starts trial production 17
4.11 Tianneng's new lithium battery recycling and regeneration project settled down in Yancheng 17
4.12 SVOLT Energy commences construction of phase two 20GWh power battery project at Shangrao 17
4.13 Envision Technology Group's high-end power battery project settles in Shiyan 17
4.14 Huayou Cobalt to invest RMB7.6 billion in ternary Li-battery project 17
4.15 Hoshion to invest in and expand production on NEV project 17
4.16 Corazon Mining: Drilling commences at Lynn Lake Ni-Cu-Co Sulphide Project in Canada 17
4.17 Glencore and General Motors reach multi-year cobalt supply agreement 17
4.18 Umicore and ACC enter strategic partnership for high nickel cathode materials in Europe 18
4.19 Shanshan Corporation to invest in building 300,000tpy lithium battery anode material integrated base project 18
4.20 Xiamen Tungsten to expand Li-ion battery cathode material capacity by 15ktpy at Haijing Base 18
4.21 Cobalt Blue: Broken Hill Cobalt Project awarded $15 million grant 18
4.22 AuKing Mining: Multiple cobalt intersections identified at Koongie Park 18
4.23 Canadian North Resources announces $11 mln exploration plan for Ferguson Lake Ni-Cu-Co Project 18
4.24 Renault Group signs agreement for sustainable supply of Moroccan cobalt 18
4.25 Huayou Cobalt to raise no more than RMB17.7 billion to increase lithium battery material capacity 18
4.26 Energy New Materials and CATL to jointly invest in lithium battery separator basilemma production line 18
4.27 Midland Exploration announces strategic acquisition with Ni-Cu-Co-PGE potential in Abitibi Region 19
4.28 Tengyuan Cobalt strives to complete production expansion in H2 for newly-added 13,500t of cobalt salt 19
4.29 Jervois Global announces key permitting for nickel and cobalt refinery in Brazil 19
4.30 GEM and REPT Battero Energy sign strategic cooperation agreement on green recycling of power battery 19
4.31 SK Automation Technology's subsidiary to invest in NEV battery precision structural parts project 19
4.32 CATL to invest no more than EUR7.34 billion in battery industry base project in Hungary 19
4.33 Shangji Automation to invest RMB15 billion in Xuzhou new energy industrial park 19
4.34 XTC New Energy to invest in 70,000tpy Li-ion battery cathode material project 19
4.35 Sunwoda to invest RMB12 billion in Yichang 30GWh power battery project 20
4.36 CATL to invest no more than RMB14 billion in constructing new energy battery production base project in Luoyang 20
4.37 Cnano Technology to jointly develop business of lithium battery new cathode materials and precursors 20
4.38 BYD declares entering Indian passenger car market 20
4.39 Ruian New Material begins production from 100ktpy anode material project 20
4.40 Hunan aims for over 40GW of installed new energy power capacity by 2030 20
4.41 Ronbay Technology and Ningbo Lygen Resources sign long-term purchase agreement on nickel and cobalt 20
4.42 Dazhong Mining to invest RMB20 billion in Li-battery low-carbon industrial park project 20
4.43 XTC New Energy to co-invest with CNMC International Trading in 60,000tpy cathode material precursor project 20
4.44 BYD's 20GWh new energy power battery production base settles in Wenzhou 21
4.45 Easpring Technology signs agreements on 200,000tpy ternary cathode material project and 300,000tpy LFP project21
4.46 FOTON to establish new energy technology joint venture with CATL 21
4.47 CATL Geely Power Battery Yinbin Project (Phase One) goes into full operation 21
5. Producers Statistics 21
5.1 Cobalt metal 21
5.1.1 Production capacity 21
5.1.2 Operating rate 21
5.1.3 Output 22
5.1.4 Stocks 22
5.2 Cobalt powder 22
5.2.1 Production capacity 22
5.2.2 Operating rate 22
5.2.3 Output 23
5.2.4 Stocks 23
5.3 Cobalt sulfate 23
5.3.1 Production capacity 23
5.3.2 Operating rate 24
5.3.3 Output 24
5.3.4 Stocks 25
5.4 Cobalt chloride 25
5.5.1 Production capacity 25
5.5.2 Operating rate 25
5.5.3 Output 26
5.5.4 Stocks 26
5.5 Cobalt tetroxide 26
5.5.1 Production capacity 26
5.5.2 Operating rate 27
5.5.3 Output 27
5.5.4 Stocks 27
6. Customs Statistics 28
6.1 China's cobalt concentrate imports up by 38.89% YOY in 2022 28
6.2 China's cobalt intermediate imports up by 14.0% YOY in 2022 28
6.3 China's cobalt metal imports down by 57% YOY in 2022 28
6.4 China's cobalt tetroxide exports down by 25.0% YOY in 2022 29
7. Outlook for 2022 29
7.1 Cobalt metal 99.8%min 29
7.2 Cobalt powder 99.5%min 29
7.3 Cobalt carbonate 45%min 29
7.4 Cobalt sulfate 20.5%min 29
7.5 Cobalt chloride 24%min 29
7.6 Cobalt tetroxide 73.5%min 29
7.7 Cobalt oxide 72%min 29
7.8 Cobalt intermediate 20-30% 29
1. Overview of cobalt 3
1.1 Definition 3
1.2 Type 3
1.3 Distribution 3
1.4 Application 4
2. Economy and Policy 4
2.1 MOF: Over RMB1 trillion deducted from due taxes and fees in 2021 4
2.1.2 Four ministries: Subsidy standard for NEV in 2022 to decline by 30% on basis of 2021 4
2.1.3 CAAM: China's NEV sales in 2021 up by 1.6 times YOY 4
2.1.4 MIIT pushes to speed up lithium development in China 4
2.1.5 MIIT: to moderately speed up domestic lithium and nickel development 4
2.1.6 BYD's NEV sales reach 88,300 units in Feb 4
2.1.7 CPCA: China's NEV retail sales up by 180.5% YOY in Feb 5
2.1.8 MEE launches six-batch of second-round central environmental inspection 5
2.1.9 GAC: New energy vehicle sales in June rise by 173% YoY 5
2.1.10 CPCA: China's passenger car retail sales increase by 22.6% YoY in Jun 5
2.1.11 Hainan plans to increase installed PV capacity by 4GW by 2025 5
2.1.12 Hunan aims for over 40GW of installed new energy power capacity by 2030 5
2.1.13 CPCA: China's NEV power battery installation up by 92.3% YoY in Jan-Nov 5
3. Market Movements 5
3.1 Market Movements in China 5
3.1.1 Cobalt concentrate 6-8% CIF China 5
3.1.2 Cobalt intermediate 20-30% CIF China 6
3.1.3 Cobalt metal 99.8%min Delivered China 7
3.1.4 Cobalt powder 99.5%min Delivered China 8
3.1.5 Cobalt carbonate 46%min Delivered China 9
3.1.6 Cobalt sulfate 20.5%min Delivered China 9
3.1.7 Cobalt chloride 24%min Delivered China 10
3.1.8 Cobalt tetroxide 73.5%min Delivered China 11
3.1.9 Cobalt oxide 72%min Delivered China 12
3.2 Market Movements Abroad 13
3.2.1 Cobalt metal 99.8%min in warehouse Rotterdam 13
3.2.2 Cobalt oxide 72%min in warehouse Rotterdam 14
3.2.3 Cobalt metal 99.8%min in warehouse Baltimore 15
4. Company News 16
4.1 Geely Automobile's car sales up by 1% YOY in 2021 16
4.2 GMW's auto sales up by 15% YOY in 2021 16
4.3 JAC's auto sales up by 15.63% YoY in 2021 16
4.4 Juwan Technical Research to co-build 1,0000 super-charging stations with Tianshu New Energy in three years 16
4.5 Great Power's 20GWh battery project breaks ground 16
4.6 Dongfeng Honda new energy vehicle plant settles in Wuhan 16
4.7 South Korean SK30GWh power battery project starts construction in Yancheng, Jiangsu 16
4.8 Huayou Cobalt: Joint venture company to invest USD2.08 billion in building laterite nickel ore hydro-smelting project 16
4.9 EVE Energy to construct RMB100-billion level new energy battery industrial base in Huizhou 16
4.10 LB Group: phase one of 200,000tpy Li-ion battery material project starts trial production 17
4.11 Tianneng's new lithium battery recycling and regeneration project settled down in Yancheng 17
4.12 SVOLT Energy commences construction of phase two 20GWh power battery project at Shangrao 17
4.13 Envision Technology Group's high-end power battery project settles in Shiyan 17
4.14 Huayou Cobalt to invest RMB7.6 billion in ternary Li-battery project 17
4.15 Hoshion to invest in and expand production on NEV project 17
4.16 Corazon Mining: Drilling commences at Lynn Lake Ni-Cu-Co Sulphide Project in Canada 17
4.17 Glencore and General Motors reach multi-year cobalt supply agreement 17
4.18 Umicore and ACC enter strategic partnership for high nickel cathode materials in Europe 18
4.19 Shanshan Corporation to invest in building 300,000tpy lithium battery anode material integrated base project 18
4.20 Xiamen Tungsten to expand Li-ion battery cathode material capacity by 15ktpy at Haijing Base 18
4.21 Cobalt Blue: Broken Hill Cobalt Project awarded $15 million grant 18
4.22 AuKing Mining: Multiple cobalt intersections identified at Koongie Park 18
4.23 Canadian North Resources announces $11 mln exploration plan for Ferguson Lake Ni-Cu-Co Project 18
4.24 Renault Group signs agreement for sustainable supply of Moroccan cobalt 18
4.25 Huayou Cobalt to raise no more than RMB17.7 billion to increase lithium battery material capacity 18
4.26 Energy New Materials and CATL to jointly invest in lithium battery separator basilemma production line 18
4.27 Midland Exploration announces strategic acquisition with Ni-Cu-Co-PGE potential in Abitibi Region 19
4.28 Tengyuan Cobalt strives to complete production expansion in H2 for newly-added 13,500t of cobalt salt 19
4.29 Jervois Global announces key permitting for nickel and cobalt refinery in Brazil 19
4.30 GEM and REPT Battero Energy sign strategic cooperation agreement on green recycling of power battery 19
4.31 SK Automation Technology's subsidiary to invest in NEV battery precision structural parts project 19
4.32 CATL to invest no more than EUR7.34 billion in battery industry base project in Hungary 19
4.33 Shangji Automation to invest RMB15 billion in Xuzhou new energy industrial park 19
4.34 XTC New Energy to invest in 70,000tpy Li-ion battery cathode material project 19
4.35 Sunwoda to invest RMB12 billion in Yichang 30GWh power battery project 20
4.36 CATL to invest no more than RMB14 billion in constructing new energy battery production base project in Luoyang 20
4.37 Cnano Technology to jointly develop business of lithium battery new cathode materials and precursors 20
4.38 BYD declares entering Indian passenger car market 20
4.39 Ruian New Material begins production from 100ktpy anode material project 20
4.40 Hunan aims for over 40GW of installed new energy power capacity by 2030 20
4.41 Ronbay Technology and Ningbo Lygen Resources sign long-term purchase agreement on nickel and cobalt 20
4.42 Dazhong Mining to invest RMB20 billion in Li-battery low-carbon industrial park project 20
4.43 XTC New Energy to co-invest with CNMC International Trading in 60,000tpy cathode material precursor project 20
4.44 BYD's 20GWh new energy power battery production base settles in Wenzhou 21
4.45 Easpring Technology signs agreements on 200,000tpy ternary cathode material project and 300,000tpy LFP project21
4.46 FOTON to establish new energy technology joint venture with CATL 21
4.47 CATL Geely Power Battery Yinbin Project (Phase One) goes into full operation 21
5. Producers Statistics 21
5.1 Cobalt metal 21
5.1.1 Production capacity 21
5.1.2 Operating rate 21
5.1.3 Output 22
5.1.4 Stocks 22
5.2 Cobalt powder 22
5.2.1 Production capacity 22
5.2.2 Operating rate 22
5.2.3 Output 23
5.2.4 Stocks 23
5.3 Cobalt sulfate 23
5.3.1 Production capacity 23
5.3.2 Operating rate 24
5.3.3 Output 24
5.3.4 Stocks 25
5.4 Cobalt chloride 25
5.5.1 Production capacity 25
5.5.2 Operating rate 25
5.5.3 Output 26
5.5.4 Stocks 26
5.5 Cobalt tetroxide 26
5.5.1 Production capacity 26
5.5.2 Operating rate 27
5.5.3 Output 27
5.5.4 Stocks 27
6. Customs Statistics 28
6.1 China's cobalt concentrate imports up by 38.89% YOY in 2022 28
6.2 China's cobalt intermediate imports up by 14.0% YOY in 2022 28
6.3 China's cobalt metal imports down by 57% YOY in 2022 28
6.4 China's cobalt tetroxide exports down by 25.0% YOY in 2022 29
7. Outlook for 2022 29
7.1 Cobalt metal 99.8%min 29
7.2 Cobalt powder 99.5%min 29
7.3 Cobalt carbonate 45%min 29
7.4 Cobalt sulfate 20.5%min 29
7.5 Cobalt chloride 24%min 29
7.6 Cobalt tetroxide 73.5%min 29
7.7 Cobalt oxide 72%min 29
7.8 Cobalt intermediate 20-30% 29
