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. Momentum Vol. Risk Contrib. MDD
 
China Molybdenum CMCLF OTC Basic Materials Specialty Mining and Processing USD 0.75 - 96.5 % Weak Up 73 %   6 % -40 %
Cruz Cobalt BKTPF OTC Basic Materials Specialty Mining and Processing USD 0.07 - 78.6 % Weak Down 140 %   14 % -46 %
Eramet ERMAF OTC Basic Materials Specialty Mining and Processing USD 75.26 - 115.3 % Neutral 104 %   4 % -20 %
First Cobalt FTSSF OTC Basic Materials Specialty Mining and Processing USD 0.27 - 145.2 % Neutral 94 %   8 % -39 %
First Quantum Minerals FQVLF OTC Basic Materials Specialty Mining and Processing USD 19.18 - 113.2 % Weak Down 59 %   6 % -35 %
Fortune Minerals FTMDF OTC Basic Materials Specialty Mining and Processing USD 0.10 - 67.1 % Weak Down 101 %   7 % -47 %
Freeport-McMoRan FCX NYSE Basic Materials Precious Metals Mining USD 35.19 51 B 168.8 % Sharp Down 50 %   5 % -28 %
Fuse Cobalt FUSEF OTC Basic Materials Specialty Mining and Processing USD 0.06 - -5.2 % Sharp Down 170 %   15 % -73 %
Glencore GLCNF OTC Basic Materials Global Mining USD 4.22 - 83.8 % Neutral 41 %   4 % -17 %
Independence Group IPGDF OTC Basic Materials Specialty Mining and Processing USD 6.64 - 76.7 % Weak Up 46 %   4 % -20 %
Ivanhoe Mines IVPAF OTC Basic Materials Specialty Mining and Processing USD 7.23 - 127.4 % Neutral 46 %   4 % -19 %
Jervois Mining JRVMF OTC Basic Materials Specialty Mining and Processing USD 0.41 - 181.0 % Neutral 75 %   5 % -23 %
Norilsk Nickel NILSY OTC Basic Materials Specialty Mining and Processing USD 33.92 - 31.0 % Neutral 34 %   3 % -27 %
Sherritt International SHERF OTC Basic Materials Specialty Mining and Processing USD 0.42 - 170.4 % Neutral 84 %   7 % -31 %
Umicore (ADR) UMICY OTC Industrial Goods Chemicals - Specialties USD 15.82 - 24.0 % Neutral 35 %   3 % -33 %
Zijin Mining Group ZIJMF OTC Basic Materials Specialty Mining and Processing USD 1.30 - 109.7 % Neutral 67 %   6 % -37 %