February 25, 2014

Analysts Forecast the Global Cobalt Market to Grow at a CAGR of 6.05% to 2018

Analysts Forecast the Global Cobalt Market to Grow at a CAGR of 6.05% to 2018

So far the story of Tesla Motors has been about exciting electric luxury cars and an even higher performing stock.

The analysts forecast the Global Cobalt market to grow at a CAGR of 6.05 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increased demand for cobalt from the Battery Chemicals industry. The Global Cobalt market has also been witnessing the supply constraints of cobalt leading to high prices. However, the cobalt supply challenges could pose a challenge to the growth of this market.

The report, the Global Cobalt Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC and EMEA regions, and the Americas; it also covers the Global Cobalt market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors dominating this space are Glencore Xstrata plc, Freeport-McMoRan Copper & Gold Inc., Open Joint Stock Company Mining and Metallurgical Company Norilsk Nickel, Sherritt International Corp., and Umicore S.A.

Other vendors mentioned in the report are BHP Billiton plc, Chambishi Metals plc, Formation Metals Inc., and Vale S.A.

Read the original article here: Researchandmarkets.com - Analysts Forecast the Global Cobalt Market to Grow at a CAGR of 6.05% to 2018