Global cobalt storage ratio has dropped to 54%

       Cobalt is widely distributed on the earth, but the content is very low, mainly in the form of the same class or inclusions in the form of nature. Cobalt is mainly associated with copper, nickel, independent cobalt resources only 17%.

The world's pure cobalt deposits (cobalt arsenide deposits, cobalt sulfide deposits and cobalt earth deposits) are few, cobalt resources are mainly associated with red clay type nickel deposits, magmatic copper-nickel sulfide deposits and sandstone-type copper deposits. The magmatic copper-nickel sulfide deposits are mainly distributed in Russia, Canada, Australia, China and other countries. The main distributions of the sandstone-type copper deposits are mainly distributed in the equatorial islands of Cuba, New Caledonia and the Philippines. In Congo (gold) and Zambia. In addition, the oceanic deep seabed and seamount manganese nodules contain large amounts of cobalt, mainly distributed in the Pacific Ocean, is an important potential for the future to replace the resources.

World cobalt rich in resources, the distribution of concentrated. According to the United States Geological Survey (USGS) 2016 Mineral Commodity Summaries (Mineral Commodity Summaries) statistics, in 2015 the world's reserves of 7.1 million tons of cobalt, storage than 57 years. The world's cobalt reserves are mainly concentrated in the Congo (DRC), Australia, Cuba, New Caledonia, Zambia and Russia, accounting for about 80% of the world's total cobalt reserves.

Congo (gold) cobalt reserves of 3.4 million tons, accounting for 48% of global cobalt reserves, ranking first in the world. With the exploitation of Congo (gold) cobalt resources, its storage and storage ratio has dropped from 286 in 2000 to 54, while Australia's storage ratio is on the rise. Global cobalt production growth is expected to be -7.67%.