|By PR Newswire||
|April 8, 2014 12:57 PM EDT||
WEST HARTFORD, Conn., April 8, 2014 /PRNewswire-iReach/ -- Global Information Inc. announces the addition of a new market research report "Cobalt: Market Outlook to 2018, 12th Edition 2014" at GIIResearch.com.
The cobalt market went into oversupply in late 2009 and remains in surplus. Roskill expects supply to continue to outstrip demand in 2014 and 2015 as the ramping up of new projects and expansions continues. Thereafter, despite the potential for further new supply sources and expansion projects coming on stream, demand is forecast to grow at a higher rate than supply. However, it will take several years for the recent period of oversupply and resultant stockpiling to be reconciled, which is likely to keep prices in check over the medium term.
Developments in the DRC, the world's largest mine producer, have the potential to significantly impact the market in 2014. The DRC government is known to want to increase domestic refining of copper and cobalt products and decrease exports of unrefined materials. Whilst the proposed export ban on concentrates did not come to fruition in 2013, government rhetoric suggests that such measures could still go ahead this year.
Future demand is expected to grow at more than 6% py to 2018, underpinned by strong growth in China, the world's biggest refined producer. As a result, cobalt de mand will reach over 110,000t. Demand for cobalt in battery applications will drive consumption growth and is forecast to grow at 9.2% py.
Table of Contents
2. Occurrence, geology, reserves and processing of cobalt
3. World production of cobalt
4. Production of cobalt by country and company
5. International trade in cobalt
6. World consumption of cobalt
7. Use of cobalt in rechargeable batteries
8. Use of cobalt in nickel alloys
9. Use of cobalt in tool materials
10. Use of cobalt in catalysts
11. Use of cobalt in pigments and decolourisers
12. Use of cobalt in magnets
13. Use of cobalt in soaps
14. Cobalt in other end uses
15. Cobalt supply and demand balance
16. Cobalt prices
More detailed information is available at: http://www.giiresearch.com/report/ros48871-cobalt.html
Media Contact: Joe Malley, Global Information, Inc., 860-674-8796, [email protected]
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SOURCE Global Information Inc.