China is the largest consumer of cobalt around the globe, and the consumption increased by 5.3% year on year to 45,800 tons in 2016, accounting for 44.1% of the global total. In 2017-2021, the consumption will keep an AAGR of at least 12%. By 2021, China's consumption of refined cobalt is expected to exceed 80,000 tons, mainly thanks to the fast-growing new energy vehicle and lithium battery markets.
At present, battery material is a sector where cobalt finds most application in China, accounting for 76.6% in 2016 and potentially 79.0% in 2021.
http://www.businesswire.com/news/ho...obal-China-Cobalt-Industry-Report-2017-2021--
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