According to CRI, there are only a few cobalt resources in China, the total reserve of cobalt ores in China is 470 kilotons, so it heavily depends on imports.
According to CRI, China’s import of cobalt ores and concentrates increased from 100.99 kilotons in 2017 to 136.10 kilotons in 2018, and then decreased to 90.89 tons in 2019, with a large fluctuation.
In the first half of 2020, the import volume is only 26.81 tons in China, less than one third of that in the whole year of 2019 due to the COVID-19.
Cobalt minerals occur in concentrations high enough to support economic extraction in several diverse settings, all of which display very different examples of mineralization. The most common groups of minerals are sulphides, sulfosalts, arsenides and oxides.
It shows oligopoly in terms of cobalt resources. The market share of the three top companies was up to 40%. The global upstream cobalt resources are mainly controlled by multinational mining enterprises such as Glencore, Molybdenum and Eurasian Resources.
According to CRI, the world’s cobalt resources are rich, but cobalt resource concentration is high, mainly distributed in the Democratic Republic of Congo (the DRC) and Australia. The DRC is always the biggest source of China’s cobalt imports.
Readers may obtain the following information through this report:
– Economic Environment of Cobalt ores and concentrates Industry in China
– Policies in Imported Cobalt ores and concentrates in China
– Analysis of Supply and Demand of Cobalt ores and concentrates in China
– Analysis of Imported Cobalt ores and concentrates in China
– Analysis of Major Sources of Cobalt ores and concentrates in China
– Price Trend of Imported Cobalt ores and concentrates in China
– China’s import of cobalt ores and concentrates into customs