![]() ![]() However, demand for used in the production of batteries, electric vehicles and other electronic products is expected to rebound and recover at a faster pace than in other industries, such as aerospace, in the near future. So cobalt supplies will continue to meet present short-term demand.įor future availability, cobalt demand will still remain at a level pace due to the continuing trade wars with China and the pandemic shutdown for several countries. As more surplus is created from manufacturers pulling orders for these products, prices that were previously skyrocketing since 2017 are expected to lower through 2020. Rising demands for this metal in the electric vehicle and aerospace industries have leveled off due to the recent pandemic. The availability of cobalt has been in flux for many years. Many of the cobalt materials are formed from by-products when refining nickel. It is also mined in China, Zambia, Australia and Russia. While cobalt is not a rare metal, about 55% of its global supply is mined from the Democratic Republic of the Congo (DRC). The main leading uses of this metal are for rechargeable battery electrodes and jet turbine blades. wear-resistant and corrosion resistant alloysĬobalt can also be used for electroplating for many products, drying agents in paints, and as dyes and pigments.Some common products that contain cobalt include: It can be found in automotive, aerospace, industrial, chemical and military applications. It is also hard-wearing at these temperatures, which makes it suitable when added to other metals such as high speed steel, aluminum, and nickel.Ĭobalt is used in numerous, diverse industries. Cobalt has a very high melting point as it maintains its magnetic properties even at higher temperatures. Since it is brittle in its pure form, it is used as an additive and alloy in other materials to improve their characteristics and physical properties. The metal also has magnetic properties, as it is considered a ferromagnetic like iron. In its pure state, it is brittle and hard. With the increase in demand, and its use in certain specific applications, manufacturers have to consider whether they will have enough supplies for their current and future production needs.Ĭobalt is a silver-white metal that has a slight bluish tinge. It has wide ranging uses in a number of applications as prices have skyrocketed for this metal since 2017. Lithium ion batteries also represent a sizable and growing segment of cobalt use.īeautiful blue Cobalt is a transition metal, primarily mined as a secondary metal, a by-product of nickel and copper.Cobalt has seen rapid market growth for the past few decades. Its petrochemical applications include refinery catalysts, Fisher Tropsch catalysts and oxidation catalysts. Historically, cobalt has been used to manufacture brilliant blue and green pigments and acts as a Rubber Adhesion Promoter in radial tires. Today cobalt is also appearing in super strong magnets, high-tech turbines and even in cancer treatments. It’s used in alloys to impart greater hardness and corrosion resistance. ![]() We are a leader in the field of cobalt chemistry and an active member of the Cobalt Institute and the Cobalt REACH Consortium, the voice of the cobalt industry on sustainability, responsible use and health, safety and environmental issues. ![]()
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