Chinese Cobalt Market Structure, Behavior, Performance Analysis And Development Countermeasure Research

Cobalt is an important strategic resource, relative to the bulk metal, its consumption is limited, but its use is widespread, and is known as the industrial vitamin. China cobalt resources are very deficient country, but China’s refined cobalt production and consumption are the first in the world. This has resulted in a very high degree of dependence on imported cobalt mine. Cobalt price fluctuations in recent years frequently, the Chinese cobalt overcapacity, resulting in the domestic many of cobalt business survival difficult. This article is in this context, combined with my many years engaged in the production of cobalt industry trade experience.The article first introduces the basic nature and history of the development of the cobalt, analysis of the supply and demand situation in China and the world. From the the cobalt industry market structure, market behavior and market performance analysis of the the cobalt industry’s competition. Combined with the development of the Chinese cobalt industry requirements and cobalt industry, the problems put forward the corresponding countermeasures:In view of the lack of cobalt raw materials in China, taking into account the safety of the country’s resources, Chinese companies must go global integration of international resources; improve the scientific and technological innovation capability and strengthen the cobalt resource recovery and recycling, and the upgrading of industrial strategy; establish a brand image; countries should attach great importance to the policy of finance, taxation and capital support.