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China’s cobalt consumption continued to increase particularly along with the rapid devel-opment of the battery industry. According to ananalysis, consumption in the battery sector hasreached over 600 tons from an almost unno-ticeable portion about three years ago.However major consumption still comes fromthe traditional sectors such as the super hardalloys and the pigment industries. The domesticproduction of cemented carbide alloy tools wasestimated to be around 8,000 tons last year, andthe total cobalt consumption in this sector isestimated to be 800-1,000 tons.
China’s cobalt consumption continued to increase particularly along with the rapid devel- opment of the battery industry. According to ananalysis, consumption in the battery sector has been accumulated over 600 tons from an almost unno-ticeable portion about three years ago. traditional sectors such as the super hardalloys and the pigment industries. The domestic production of cemented carbide alloy tools wasestimated to be around 8,000 tons last year, and the total cobalt consumption in this sector is astimated to be 800-1,000 tons.