February 17, 2023
By:EmpoweringCPO Insights Team

Cobalt Hydroxide

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This research document provides an accurate and deep understanding of the Global Cobalt Hydroxide market. This report also gives an overview of the U.S. Cobalt Hydroxide market, Artisanal Mining Outlook, Cobalt Hydroxide market trends, and much more. This report gives in-depth information about the Pricing trends, Cost Structure, Production process of Cobalt Hydroxide, and many other insights. This report provides an exhaustive list of leading vendors in this domain. Based on the information shared about these vendors, they can be shortlisted for participating in Strategic Sourcing Projects. EmpoweringCPO is among the leading Procurement Consultant who can help the procurement team benchmark the current contract when compared with the marketplace conditions.

Abstract:

  • The global market for Cobalt Hydroxide will grow at a CAGR of over 3.5% during the period of 2017-2023.
  • This report also provides an Artisanal Mining Outlook as well as Artisanal Supply during cobalt price movements.
  • Artisanal mining is a key mechanism in keeping the cobalt market balanced during times of supply shortage.
  • Global mined supply dropped by 3.2% to 109,026 tonnes in 2016 following several years of stagnant supply growth, as lower copper and cobalt prices led to reduced run rates at a large number of copper projects in the DRC.
  • In this market report, you will also find the U.S. Cobalt market outlook.
  • United States imports of refined cobalt have increased. Therefore, they are becoming increasingly dependent on the DRC to mine cobalt and China to refine it.
  • The cobalt mined in the United States represented less than 1% of the estimated world cobalt mine production in 2015, while the U.S. consumed an estimated 10% of the world’s refined cobalt supply.
  • Graphs for Cobalt Import & Exports, Mined Supply Breakdown, the Relation between Artisanal Supply and Cobalt Prices, and some other graphs have also been provided.
  • This report also covers topics like Pricing Trends, Market Trends, Production Processes, and Cost Structure of Cobalt Hydroxide.
  • Sales halt at one of the world’s largest cobalt mines is set to push up prices of Cobalt metal by 30% whose demand has surged in recent years with the advent of electric cars.
  • The growing electronic industry is expected to boost the overall demand for cobalt hydroxide; China and Japan are the largest producers of electronics, and the demand from these countries is expected to boost the overall demand for cobalt hydroxide.
  • Industrially, most of the firms use the Solvent Extraction – Electrowinning (SX-EW) process for the production of cobalt hydroxide.
  • This report provides a list of players in this market; information related to Revenue, Number of Employees, Company Head Quarters, and Date of Establishment has also been presented for all the vendors.
  • Porter’s five forces model has also been generated to give an overview of the industry.

 

Table of Content:

ContentsSlide No.
Background and Global Cobalt Hydroxide Market Outlook2
Artisanal Mining Outlook3
Artisanal Supply during cobalt price movements4
US Cobalt Market5
Cobalt – Pricing trend6
Cobalt Hydroxide Market Trends7
Production Process and Cost Structure of Cobalt Hydroxide8
Supplier List9
Competitive Analysis10

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Compliance management is very critical as otherwise the procurement organization may run into a scenario where there is a huge gap between realized savings and reported savings. Many procurement functions estimate large savings numbers when contracts are signed. They also invest significant time and effort in negotiating contracts for necessary goods and services, only to have a third or more of their purchasing dollars flow outside those deals. Some of the obvious fall-outs of non-compliance and maverick purchases are:

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  • Vendor Compliance
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