The new report by Expert Market Research titled, ‘Global Cobalt Market Price, Size, Share, Trends Report and Forecast 2022-2028’, gives an in-depth analysis of the global cobalt market, assessing the market based on its segments like applications and major regions. The report tracks the latest trends in the industry and studies their impact on the overall price of cobalt market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models. The global cobalt market has been witnessing a significant growth owing to the thriving consumer electronics industry and rising demand for high-strength alloys. Cobalt is used as a battery chemical and is highly valued for producing wear-resistant alloys. With rising disposable incomes and growing living standards, the sales volume of consumer electronics like smartphones, laptops, and others have increased, which is driving the demand for batteries, and thus, contributing to the growth of the cobalt market. The major players in the market are Glencore plc (LON: GLEN), Vale S.A. (BVMF: VALE3), Umicore (EBR: UMI), Missouri Cobalt, LLC, and CMOC International, among others.
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