CAZ 0.00% 1.4¢ cazaly resources limited

According to Roskill, demand for cobalt surged at a rate of 8...

  1. 5,342 Posts.
    lightbulb Created with Sketch. 353
    According to Roskill, demand for cobalt surged at a rate of 8 percent per year between 2010 and 2017 to reach 118,000 tonnes, with demand from the battery sector contributing the most to that increase.
    In fact, the research firm estimates that demand from this sector increased at a rate of 13.5 percent per year between 2010 and 2017, meaning that batteries now account for more than half of total cobalt consumption.
    “Demand for lithium-ion batteries is set to grow enormously over the coming decade, driven mostly by the electrification of the automotive sector. This will require huge volumes of additional cobalt oxides and sulphate,” Roskill says in its latest report.
    Demand for cobalt in batteries is expected to grow at 14.5 percent per year to 2027, by which point demand from this end-use sector alone could exceed 240,000 tonnes — double the size of the total market in 2017.
    Roskill says with demand for cobalt also set to increase across other key end uses, such as nickel alloys used in aerospace, the total market could surpass 310,000 tonnes by 2027.

    Analysts expect the aggressive expansion plans of major producers like Huayou Cobalt (SHA:603799) to be enough to supply the market for the next five years, but after that more capacity will need to be built.
    “This will require more investment, which given the outlook for cobalt demand and cobalt prices, should be forthcoming,” the Roskill analysts said.


    https://investingnews.com/daily/res...demand-battery-sector-continue/?mqsc=E3965359
 
watchlist Created with Sketch. Add CAZ (ASX) to my watchlist
(20min delay)
Last
1.4¢
Change
0.000(0.00%)
Mkt cap ! $6.458M
Open High Low Value Volume
1.5¢ 1.5¢ 1.4¢ $7.098K 506.5K

Buyers (Bids)

No. Vol. Price($)
6 2777422 1.3¢
 

Sellers (Offers)

Price($) Vol. No.
1.4¢ 906507 1
View Market Depth
Last trade - 14.15pm 06/11/2024 (20 minute delay) ?
CAZ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.