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Cobalt Demand

CAMEC - The DRC's leading copper and cobalt mining company
CAMEC - The DRC's leading copper and cobalt mining company
CAMEC - The DRC's leading copper and cobalt mining company
CAMEC - The DRC's leading copper and cobalt mining company

Atomic Symbol: Co

Cobalt is a strategic and critical metal used in many diverse commercial, industrial, and military applications. The two largest uses of cobalt are in superalloys, which are used in the manufacture of aircraft engines and in rechargable batteries.

Cobalt is also used to make magnets; corrosion- and wear-resistant alloys; high-speed steels; cemented carbides (also called hardmetals) and diamond tools; catalysts for the petroleum and chemical industries; drying agents for paints, varnishes, and inks; ground coats for porcelain enamels; pigments; battery electrodes; steel-belted radial tires; and magnetic recording media.

World Resources:

Identified world cobalt resources are about 15 million tonnes. The vast majority of these resources are in nickel-bearing laterite deposits, with most of the rest occurring in nickel-copper sulfide deposits hosted in mafic and ultramafic rocks in Canada, and Russia, and in the sedimentary copper deposits of the DRC and Zambia. In addition, millions of tons of hypothetical and speculative cobalt resources exist in manganese nodules and crusts on the ocean floor.