Freeport Cobalt visits Asian Metal

Jack S.M. Huang, general manager of Freeport Cobalt Asia Ltd., and Mitsuhiro Mori, senior market analyst of the company, came to visit Asian Metal on the afternoon of June 7th and had an in-depth communication on downstream demand for cobalt products with Coral Lin, cobalt and lithium market analyst of Asian Metal.

Mori San first conducted an analysis on supply and demand concerning global cobalt market. With the development of new energy vehicles, demand for cobalt products will increase further and supply in global cobalt market is expected to be increasingly tight after 2020. According to statistics from Asian Metal, the anode market will see a newly added capacity of 20,000-30,000t in H2 2017, which will further support cobalt prices in Chinese market.