Since China's Cobalt reserves of only 80 thousand tons, accounting for about 1.1% of global reserves, good prospects for the future price of cobalt hedge funds had to buy spot. Although the London futures trading all cobalt price contracts (LME cobalt), but trading volume is very small.

The lithium battery industry is the largest application field of cobalt, announced subsidies for new energy vehicles in the new country, in order to obtain high subsidies, the car factory on the energy density of the battery requirements increase, three Yuan line quickly popular, the short term lead battery makers to increase the nickel and cobalt three yuan in basic small metal materials demand.

Goldman Sachs estimates that by 2025, the lithium battery industry China demand for cobalt will be doubled.

In addition, cobalt resource concentration is very high, the world's top six producers of cobalt in the global total output accounted for more than 60% giants have strong pricing power. And because cobalt is a small metal, the market speculation easier. Africa and Congo (gold) is the richest country in the world cobalt ore reserves, up to 3 million 400 thousand tons. Control point of view, China's Cobalt reserves of only 80 thousand tons, accounting for about 1.1% of global reserves. This domestic scarcity of metals is easy to be speculation.

"Cobalt this product is special, not sensitive to price, is whether your price rose to high, the supply can not be increased quickly, of course, if rose to a certain extent, the downstream enterprises can not afford it, need it, that is another story." Changjiang futures researcher said a metal.

Prev：The Battery Raw Materials Skyrocketing When Hugh

Next：OfO and Mobike Announced The Merger