Consumption regularity of cobalt and its demand forecast of China in next decade

This paper analyzes the cobalt consumption structure and history in the world, uses department demand forecasting method to tell China’s future cobalt demand tendency. China currently is at the stage of rising demand, estimated up to 111,000 tons in 2025, of which 81,000 tons are needed in the lithium battery field. The article's quantitative forecast of China's cobalt demand on a medium- to long-term scale is of great practical significance to the formulation of China's cobalt resource development, industrial development and planning layout.