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Salient Cobalt Statistics

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TABLE 1
SALIENT COBALT STATISTICS 1
(Metric tons, cobalt content, unless otherwise specified)
 
        2006   2007   2008   2009   2010  
United States:  
Consumption:  
Reported   9,280 9,320 8,820 r 7,470 r 8,030  
Apparent     11,000   9,630   10,100   7,580 r 10,300  
Imports for consumption       11,600   10,300   10,700   7,680   11,100  
Exports       2,850   3,100   2,850   2,440   2,640  
Stocks, December 31:  
Industry2     737 620 582 525 r 630
London Metal Exchange (LME), U.S. warehouse       XX   XX   XX   XX   23  
U.S. Government3       1,290   676   473   293   301  
Price, metal4   dollars per pound   17.22   30.55   39.01   17.86   20.85  
World:    
Production:    
Mine   70,000 r 71,700 r 76,400 r 72,100 r 89,500 e
Refinery     53,800   53,300   57,300 r 59,700 r 76,400  
Refinery Stocks, December 31, LME5     XX   XX   XX   XX   278  
-eEstimated. rRevised. XX Not applicable.
1Data are rounded to no more than three significant digits, except prices.
2Stocks held by cobalt processors and consumers.
3Defense Logistics Agency, DLA Strategic Materials (formerly Defense National Stockpile Center). Data for
2006 include material committed for sale pending shipment; data for 2007-10 are uncommitted material only.
4Annual average U.S. spot price for minimum 99.8% cobalt cathode reported by Platts Metals Week.
5Stocks held in Asia, Europe, and the United States.

Source: United States Geological Survey Mineral Resources Program

See also: Mineral commodity prices


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