LONDON--(BUSINESS WIRE)--Thanks to the use of cobalt in rechargeable batteries used largely in hybrid electric vehicles today, the market for this metal is posed to grow in future, thus following the rise trend of 2010. However the future of this market is rated as unstable by many specialists, as the mining and producing companies around the world exercise different business models and are based on different manufacture strategies.
The cobalt industry is heavily dependent on the key producing country - Democratic Republic of Congo, where the political situation is rather complex and human rights are abused. On the side of imports this industry is led by China – major importer of the metal in 2010.
Detailed review and forecast on global, regional and country markets of cobalt can be found in the new market research report “Cobalt Market Review” that covers present situation, historical background and future forecast and addresses comprehensive data showing cobalt capacities, production, consumption, trade statistics, and prices in the recent years are provided (globally, regionally and by country).
Cobalt Market Review
Published: January, 2011
The report also indicates a wealth of information on cobalt producers and suppliers, covers cobalt production in the respective country, major cobalt producers, cobalt consumption in the country market, cobalt trade in the country, cobalt prices. Сobalt market forecast for next five years, including market volumes and prices is also provided.
The study on cobalt has been completed by Merchant Research & Consulting Ltd, an internationally recognized market research agency, specializing in chemical industry. “Cobalt Market Review” is included into the catalogue “Metals”, which also highlights Aluminum, Antimony, Beryllium, Copper, Iron and Steel, Lead, Magnesium, Mercury, Silver, Titanium markets.
Monthly report updates for “Cobalt Market Review” are available at http://mcgroup.co.uk/periodicals/monthly