World cobalt powder is expected to fall short of supply in the coming year

With the impact of lithium ion battery materials and power battery materials for new energy vehicles on the growth of cobalt demand, cobalt prices soared. Share prices in Share of Alpine Cobalt Co., Ltd. have closed 4 consecutive boards in five trading days since August 25, a cumulative increase of 50.43%. In the first half of 2017, the company realized 494 million yuan of operating income, an increase of 28.53% year on year. Net profit attributable to the parent was 136 million yuan, an increase of 660.81% year on year, and the overall overrun met the half-year operating target of 2017. In addition, the company expects net profit of RMB 310 million in the first three quarters, an increase of 665%-695% year on year.

It is understood that when Share A was launched in March this year, the first closing price was only 17.93 yuan, while the closing price was 153.44 yuan on August 31, up 8 times. At present, the total market value of the cold cobalt industry has reached 18.413 billion yuan, which shows how crazy the cobalt Market is.

At present, the annual consumption of cobalt powder in China is about 4,300 tons. The main consumption fields are cemented carbide, diamond tools, battery materials, magnetic materials, powder metallurgy and other industries. In the coming years, the average annual growth rate of cobalt powder consumption in China is expected to reach 5%, and in 2020, the consumption of cobalt powder in China will reach 5,904 tons. Xue Jianfeng, Secretary of the Board of Directors of Alpine Cobalt Industry, said at the event that the demand for cobalt powder in the global market is expected to reach 18.7 million tons by 2020, and the world cobalt powder market is in a situation of short supply.