COBALT OXALATE MARKET ANALYSIS

Cobalt Oxalate Market, By Product Type (Cobalt Oxalate Monohydrate, Cobalt Oxalate Dihydrate, and Cobalt Oxalate Anhydrous), By Application (Catalysts, Pigments, Electroplating, Battery Materials, and Other Applications), By End-Use Industry (Chemicals, Automotive, Electronics, Pharmaceuticals, Energy Storage, and Others), By Distribution Channel (Direct Sales (B2B), Distributors/Wholesalers, Online Retailers, and Others), By Purity Level (High Purity Cobalt Oxalate and Standard Purity Cobalt Oxalate), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Recent Developments

New product launches

In April, Huayou Cobalt (operates as a supplier of cobalt and its associated products) a China based cobalt mining and processing company, launched a new high-purity cobalt oxalate product. The product is said to be free of impurities and has high cobalt content.
In May, GME, a German cobalt and nickel mining company, launched a new cobalt oxalate product that is specifically designed for use in lithium-ion batteries. The product is said to be more stable and have a longer lifespan than traditional cobalt oxalate products.
In June, Ganzhou Tengyuan Cobalt Industrial Co., Ltd., a China based cobalt mining and processing company, launched a new cobalt oxalate product that is said to be more environmentally friendly than traditional cobalt oxalate products. The product is made using a process that does not require the use of harmful chemicals.

Acquisition and partnerships

In February 2023, Cobalt International Energy (CIE) is a global oil exploration company announced that it had acquired the cobalt oxalate business of American Elements. The acquisition will give CIE a major foothold in the cobalt oxalate market, which is used in a variety of applications, including batteries, magnets, and pigments.
In March 2023, Glencore (swiss multinational commodity trading and mining company) announced that it had entered into a partnership with Umicore (leading circular materials technology company) to produce cobalt oxalate. The partnership will see Glencore supply Umicore with cobalt hydroxide, which Umicore will then use to produce cobalt oxalate. The cobalt oxalate will be used in Umicore's battery cathode materials business.
In April 2023, China Molybdenum Corporation (CMC) announced that it had acquired the cobalt oxalate business of Cobalt Development Company (CDC). The acquisition will give CMC a major presence in the global cobalt oxalate market in China, which is the world's largest market for cobalt oxalate.