Cobalt demand 2020 – 2025

Cobalt demand 2020 – 2025
  • Pininvest Analysis

Cobalt sulfide is one of the key components for cathode material of the current industry standard Lit-ion battery for electrical vehicles (EVs), along with nickel, manganese and aluminum 

Annual cobalt production is not large (about 107 000 tons in 2016) - at 50 000 tons, allocation to industrial production of cutting tools, pigments and super alloys (used to fabricate aircraft blades, gas turbines and medical devices such as prostheses or trauma implants) is stable and will not disappear. Battery production is projected to raise cobalt needs from 45 000 tons to 120/130 000 tons (or possibly more) by 2025

Cobalt supply is not flexible because almost all of cobalt production is a byproduct from cobalt and nickel; volume production follows the demand of these primary products  

The gap, looming from 2020 when EV production is planned by most auto manufacturers, is critical – the squeeze could constrain the ability of the industry to produce the projected number of EVs 

Could research on solid state batteries solve this conundrum - the future will tell...

Read our notes

Cobalt demand 2020 – 2025 • Updated:

Name Ticker Exchange Sector Industry Currency Cur.Price Mkt.Cap Perf. Vol. Risk Contrib. MDD
 
Norilsk Nickel NILSY OTC Basic Materials Specialty Mining and Processing USD 26.90 - 68.9% 24%   6% -9%
China Molybdenum CMCLF OTC Basic Materials Specialty Mining and Processing USD 0.32 - -18.5% 52%   5% -46%
Cobalt 27 Capital CBLLF OTC Finance Special Purpose Acquisition Cy USD 3.37 - -20.3% 59%   7% -42%
Cruz Cobalt BKTPF OTC Basic Materials Specialty Mining and Processing USD 0.03 - -50.8% 148%   10% -65%
eCobalt Solutions ECSIF OTC Basic Materials Specialty Mining and Processing USD 0.21 - -56.2% 72%   2% -75%
Eramet ERMAF OTC Basic Materials Specialty Mining and Processing USD 48.30 - -47.3% 42%   0% -47%
First Cobalt FTSSF OTC Basic Materials Specialty Mining and Processing USD 0.11 - -47.5% 83%   4% -55%
First Quantum Minerals FQVLF OTC Basic Materials Specialty Mining and Processing USD 8.90 - -9.4% 66%   12% -52%
Fortune Minerals FTMDF OTC Basic Materials Specialty Mining and Processing USD 0.06 - -34.4% 104%   6% -51%
Freeport-McMoRan Inc FCX NYSE Basic Materials Specialty Mining and Processing USD 10.81 16 B -7.9% 44%   8% -40%
Glencore GLCNF OTC Basic Materials Global Mining USD 3.10 - -14.5% 35%   6% -38%
Independence Group IPGDF OTC Basic Materials Specialty Mining and Processing USD 4.41 - 21.6% 46%   4% -27%
Ivanhoe Mines IVPAF OTC Basic Materials Specialty Mining and Processing USD 2.72 - 40.4% 49%   13% -30%
Katanga Mining KATFF OTC Basic Materials Specialty Mining and Processing USD 0.13 - -63.6% 102%   2% -78%
LiCo Energy Metals WCTXF OTC Basic Materials Specialty Mining and Processing USD 0.02 - -75.6% 157%   3% -80%
Sherritt International SHERF OTC Basic Materials Specialty Mining and Processing USD 0.15 - -65.2% 98%   3% -70%
Tiger Resources TRSDF OTC Basic Materials Specialty Mining and Processing USD 0.00 - -100.0% 547%   0% -100%
Umicore UMICY OTC Basic Materials Specialty Mining and Processing USD 10.63 - -8.2% 40%   6% -42%
Zijin Mining Group ZIJMF OTC Basic Materials Specialty Mining and Processing USD 0.39 - 12.9% 36%   3% -25%