Top 5 cobalt manufacturers in China

The history of global cobalt consumption has generally shown a growth trend, the main growth point comes from China, and the consumption in the United States, Japan and Europe is relatively stable. In China, battery consumption driven by the increase in 3C products, new energy vehicle and power tool batteries production is the main factor behind the rapid growth of cobalt consumption. Next, we will list the Top 5 cobalt manufacturers in China.

Top 5 cobalt manufacturers in China

HUAYOU

HUAYOU is one of Top 5 cobalt manufacturers in China

Company profile:
The company is mainly engaged in the manufacture of lithium battery new energy materials, the deep processing of cobalt new material products and the mining, selection and smelting of cobalt and copper non-ferrous metals. The company is one of the only three companies in China that owns cobalt mines, and its sales of cobalt products account for more than 70% of its total profits.

Among the company’s products, the main products are cobalt sulfate (ternary precursor for power batteries) and cobalt tetroxide (ternary precursor for 3C batteries). In 2016, Huayou Cobalt produced 20,000 tons of cobalt products, ranking first Top 5 cobalt manufacturers in China. Also one of the Top 5 Cobalt salt resources companies.

Up to now, with the addition of new production capacity, it is expected to remain the leader in cobalt production. In the cobalt product market, the market share of Huayou Cobalt’s cobalt products is as high as 41% in China.

Total market value: 151.414 billion RMB
Company website: www.huayou.com

HANRUI

HANRUI is one of Top 5 cobalt manufacturers in China

Company profile:

Nanjing Hanrui Cobalt is one of Top 5 cobalt manufacturers in China was founded in 1997 and is headquartered in Jiangning District, Nanjing City. The business covers exploration and operation of cobalt and copper mines, ore mining, beneficiation, smelting, new energy, new materials, and production and sales of copper and cobalt products. It is a high-tech enterprise with independent research and development and innovation capabilities.

The company’s cobalt powder products are not only sold in China, but also exported to other countries. The company has become one of the main suppliers of cobalt powder products in China and the world.

Total market value: 17.843 billion RMB
Company website:www.hrcobalt.com

CMOC

CMOC is one of Top 5 cobalt manufacturers in China

Company profile:
The company was founded in 1969 and listed on the Hong Kong Stock Exchange in 2007.

The company belongs to the non-ferrous metal mining and dressing industry, mainly engaged in the mining, dressing and smelting of basic metals and rare metals, mining and processing business and mineral trading business. It is the mining, smelting, deep processing and other businesses of copper, molybdenum, tungsten, cobalt, niobium, phosphorus and other mining industries, and has a relatively complete integrated industrial chain.

In November 2016, the company acquired a 56% stake in the TFM copper-cobalt mine in Congo, and in 2019, it acquired a 24% stake in the TFM copper-cobalt mine. TFM copper-cobalt mine is one of the copper-cobalt mines with the largest reserves and the highest grades in the world, with a proven ore resource of 857.7 million tons and an annual output of 54,200 tons in 2019.

The company also actively deploys the nickel-cobalt business in Indonesia, and diversified development has enhanced the company’s ability to resist risks. , has become the world’s second cobalt supplier. It is the world’s top five molybdenum producer and the largest tungsten producer, the world’s second largest cobalt and niobium producer, the world’s leading copper producer, and the second largest phosphate fertilizer producer in Brazil. Also become one of Top 5 cobalt manufacturers in China.

Total market value: 123.548 billion RMB
Company website:www.cmoc.com

Chengtun

Chengtun is one of Top 5 cobalt manufacturers in China

Company profile:
Shengtun Company is one of Top 5 cobalt manufacturers in China was listed in 1996 and is headquartered in Xiamen.

The company is committed to the development and utilization of non-ferrous metal resources, especially Xinneng non-ferrous metal resources, focusing on cobalt, nickel, copper and zinc metal varieties, the main business types are metal smelting and deep processing business, non-ferrous metal mining and selection business, non-ferrous metal trade and others, services and others.

The company currently has a production capacity of 40,000 tons of copper, 8,000 tons of cobalt materials, 40,000 tons of nickel materials, and 250,000 tons of zinc, providing important materials for the downstream new energy vehicle industry.

In February 2018, the company built a hydro-smelting project with an annual output of 10,000 tons of copper and 3,500 tons of crude cobalt hydroxide through its subsidiary in the Democratic Republic of the Congo. The project was put into operation at the end of 2018. In 2019, the company carried out a technical transformation plan to increase the production capacity to 30,000 tons of copper and 3,500 tons of crude cobalt hydroxide.
Total market value: 21.833 billion RMB
Company website:http://www.600711.com

GEM

GEM is one of Top 5 cobalt manufacturers in China

Company profile:

GEM as Top 5 cobalt manufacturers in China, was registered and established in Shenzhen on December 28, 2001, mainly dedicated to recycling products of “urban minerals” scrap resources such as electronic waste and used batteries. GEM is the first company to exploit urban mine resources in China, ranking 58th among the top 100 in Shenzhen. The main products are ternary cathode, cobalt powder, cobalt carbonate, etc.

Despite the attractive business model, the country’s overall recycling system and policies have not yet been strongly supported. Therefore, at present, the company still mainly purchases raw materials for processing, supplemented by recycling. Recently, it signed a three-year cobalt metal supply project with Glencore.

Total market value: 43.291 billion RMB
Company website: www.gem.com.cn

Final thoughts: Super alloys and cemented carbides used in aircraft engine turbines, space vehicles, rocket engines and military industries will inevitably lead to an increase in cobalt consumption. The demand for cobalt in this field will maintain a constant growth, and the demand will reach 3.2% in 2025. It can be seen that the development of the cobalt ore industry still has a relatively optimistic prospect.

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