Cobalt Industry Annual Report 2023

Contents

1. Overview of cobalt 3
1.1 Definition 3
1.2 Type 3
1.3 Distribution 3
1.4 Application 4
2. Economy and Policy 4
3. Market Movements 5
3.1 Market Movements in China 5
3.1.1 Cobalt concentrate 6-8% CIF China 5
3.1.2 Cobalt intermediate 20-30% CIF China 6
3.1.Asian Metal Copyright2 China's cobalt intermediate imports up by 4.Asian Metal Copyright3 Cobalt metal 99.8%min Delivered China 7
3.1.Asian Metal Copyright1.Asian Metal Copyright4 Cobalt powder 99.5%min Delivered China 8
3.1.5 Cobalt carbonate 46%min Delivered China 9
3.1.Asian Metal Copyright5.Asian Metal Copyright6 Cobalt sulfate 20.5%min Delivered China 10
3.1.7 Cobalt chloride 24%min Delivered China 11
3.1.Asian Metal Copyright9 Tesla's auto shipments hit record high in Q1 2023 20 4.Asian Metal Copyright8 Cobalt tetroxide 73.5%min Delivered China 12
3.1.9 Cobalt oxide 72%min Delivered China 13
3.1.10 LCO Co 60%min Delivered D/A 180 days 14
3.1.11 LNCMO 523/622 Delivered D/A 180 days 15
3.2 Market Movements Abroad 16
3.2.Asian Metal Copyright3 Output 28 5.Asian Metal Copyright1 Cobalt metal 99.8%min in warehouse Rotterdam 16
3.2.2 Cobalt oxide 72%min in warehouse Rotterdam 17
3.2.Asian Metal Copyright3 Cobalt carbonate 45%min 32 7.Asian Metal Copyright3 Cobalt metal 99.8%min in warehouse Baltimore 18
4. Company News 19
4.7 BYD's NEV sales up by 90.13% YoY in Jan-Feb 19
4.8 REPT's 50GWh new energy manufacturing base (phase three) goes into construction 20
4.9 Tesla's auto shipments hit record high in Q1 2023 20
4.10 Tesla to build first overseas Megapack energy storage factory in Shanghai 20
4.11 China Molybdenum to commence operation of Congo (Kinshasa) TFM copper-cobalt project in 2023 20
4.12 BYD reports 76.1% increase in installed power & energy storage battery capacity in Jan-Apr 20
4.13 SVOLT Energy produces first energy storage cells at Huzhou plant 20
4.14 Silver Age Sci & Tech terminates Congo 3000-metal-ton crude cobalt hydroxide production project 20
4.15 Taihe Hongchuan to increase cobalt powder output 20
4.16 BMW Brilliance Automotive launches building of 6th generation power battery project 20
4.17 Pylontech to build first overseas energy-storage plant 21
4.18 Tengyuan Cobalt completes trial production of 13.5ktpy cobalt product production lines 21
4.19 Great Power to build 36GWhpy energy storage project 21
4.20 COSMX to build power battery project in Sichuan 21
4.21 REPT inks new 10GWh energy storage battery order 21
4.22 Jinguan to take part in construction of charging piles of Iran-Russia road 21
4.23 Hunan MT New Material breaks ground on LCO project 21
4.24 Hanrui New Energy starts cobalt metal trial production 21
4.25 Ronbay Technology gets approval to build precursor project in South Korea 21
5. Producers Statistics 23
5.1 Cobalt metal 23
5.1.1 Production capacity 23
5.1.2 Operating rate 23
5.1.3 Output 24
5.1.4 Stocks 24
5.2 Cobalt powder 24
5.2.1 Production capacity 24
5.2.2 Operating rate 24
5.2.3 Output 25
5.2.4 Stocks 25
5.3 Cobalt sulfate 26
5.3.1 Production capacity 26
5.3.2 Operating rate 26
5.3.3 Output 26
5.3.4 Stocks 27
5.4 Cobalt chloride 27
5.5.1 Production capacity 27
5.5.2 Operating rate 27
5.5.3 Output 28
5.5.4 Stocks 28
5.5 Cobalt tetroxide 29
5.5.1 Production capacity 29
5.5.2 Operating rate 29
5.5.3 Output 29
5.5.4 Stocks 30
6. Customs Statistics 30
6.1 China's cobalt concentrate imports down by 31.86% YOY in 2023 30
6.2 China's cobalt intermediate imports up by 4.86% YOY in 2023 31
6.3 China's cobalt metal imports up by 46.76% YOY in 2023 31
6.4 China's cobalt tetroxide exports down by 32.62% YOY in 2023 31
7. Outlook for 2023 31
7.1 Cobalt metal 99.8%min 31
7.2 Cobalt powder 99.5%min 32
7.3 Cobalt carbonate 45%min 32
7.4 Cobalt sulfate 20.5%min 32
7.5 Cobalt chloride 24%min 32
7.6 Cobalt tetroxide 73.5%min 32
7.7 Cobalt oxide 72%min 32
7.8 Cobalt intermediate 20-30% 32
.Asian Metal Copyright4 Stocks 24 5Asian Metal Copyright