In carbide industry,cobalt consumption of 10,000 tons during 2016, accounting for 8.2%

Cobalt prices continue to rise: According to rivers information, January 13 cobalt prices rose after January 10 after another rise. Of which the price of cobalt metal rose 4.11% to 291,500 yuan / ton, cobalt tetroxide prices rose 4.88 percent to 21.5 million yuan / ton. International cobalt prices led to a corresponding increase in domestic prices, MB free market cobalt (advanced) prices are on the rise, January 5 price of $ 15.2 / lb, January 11 price rose to $ 15.63 / lb .

From the demand point of view, electric new energy vehicles in the battery industry is to promote the growth of global cobalt consumption, the main driving force. According to Antaike and CDI estimates, in 2016 the battery industry cobalt consumption of 49,500 tons, accounting for 52.1%; super alloy industry, cobalt consumption of 16,500 tons, accounting for 17.36%; cobalt consumption of hard alloy industry For the 10,000 tons, accounting for 8.2%; Magnetic consumption of cobalt industry, 5800 tons, accounting for 6.1%. The domestic market, January 12 in the Auto Association data show 2016 annual production of 517,000 new energy vehicles, sales 507,000, respectively, over the previous year grew 51.7% and 53%.