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By 2025, the worldwide cobalt market is expected to grow at a CAGR (Compound Annual Growth Rate) of more than 9%.
View MoreBattery Chemicals, Superalloys, Hard Metals, Ceramics & Pigments, Catalysts, and others.
View MoreGrowth in the worldwide electric vehicle (EV) industry resulted in a four-fold increase in cobalt demand in 2020, and an eleven-fold increase is expected by 2025.
View MoreDue to the fact that cobalt is mined as a byproduct of copper and nickel, cobalt pricing has historically followed demand trends for these metals.
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Cobalt ore is rarely mined for its cobalt content, with a few exceptions. Rather, it is frequently collected as a by-product from the mining of ores containing traces of cobalt, such as iron, nickel, copper, silver, manganese, zinc, and arsenic. Concentrating and extracting cobalt from these ores requires extensive processing.
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