Cobalt can be mined for 58 years in terms of reserves and production in 2016

- Oct 19, 2017-

While China's enterprises are stepping up the layout of Congo, other countries' ore suppliers are also actively building or exploring new projects. Eurasian RTR project with annual output of 14 thousand tons started construction in February this year. It is expected to be put into production in 2019.Tributyl Phosphate

As of 2016, the remaining cobalt reserves in the world has been proven for 7 million tons per year, the mining of cobalt in about 120 thousand tons, in 2016 the amount of reserves and mining, cobalt can be mined for 58 years, static life than copper (copper static recoverable for 38 years) about 20 years, it is lead can mine life is 3 times more than that in the high position in non-ferrous commodities.Tributyl Phosphate

No matter whether cobalt is available, the projects under construction and exploration, or the prospective reserves of the oceans and other places, cobalt resources are not scarce. And, from the Congo (DRC) are grasping the reality of mine, Congo (gold) the cobalt ore exploration is still not sufficient, cobalt still has great potential for exploration.

There is a big discrepancy between the cobalt upstream raw material mining country and the middle reaches smelting processing country. Finland, Belgium and other countries have no cobalt smelting capacity, but has a certain scale, and resource rich Congo (DRC) provides the refining yield not worth mentioning.Tributyl Phosphate

At present, China is the world's largest cobalt smelting and processing country. In 2015, the Chinese cobalt smelting production accounted for 49.66% of global output, and in early twenty-first Century it accounted for 4% of bizet. In the past 10 years, except for the imbalance between supply and demand in 2011 and 2012, the cobalt price fell, the domestic cobalt production growth rate was negative, and the growth rate remained at more than 10% in the rest of the year.Tributyl Phosphate