Exploring potential opportunities for the efficient development of the cobalt industry in China by quantitatively tracking cobalt flows during the entire life cycle from 2000 to 2021.

Abstract

Owing to its key role in high-tech industry and clean energy technology, cobalt has been regarded as a critical material in many countries. In this paper, material flow analysis was used to quantitatively track cobalt material flows in China throughout the entire life cycle from 2000 to 2021. Based on data pertaining to cobalt commodity trade, cobalt loss during raw material processing, and recovered cobalt, we analysed the actual cobalt consumption in China. During the study period from 2000 to 2021, the main findings were as follows: (1) China's cobalt raw material imports accounted for 84.7% of the total raw materials acquired, while the export of cobalt-containing end products amounted to 32.6% of the total production. (2) China's cumulative net import of all cobalt commodities reached 561kt, and battery products accounted for 73.3% of the total cobalt consumption. (3) China recovered 77kt of cobalt from end-of-life products, while 327kt of cobalt was not recovered. (4) The cumulative cobalt loss during raw material processing reached 288kt, with the highest loss occurring in refining (51.0%), followed by manufacturing and fabrication (26.5%), beneficiation (12.3%), and ore mining (10.2%). The overall utilization efficiency of cobalt was 73.8% throughout the entire life cycle. (5) China's actual cobalt consumption reached 497kt, accounting for 51.9% of the apparent cobalt consumption. Moreover, 61.1% of the cobalt products produced in China was consumed domestically, while 38.9% was exported. The massive export of cobalt commodities resulted in China bearing a disproportionate responsibility for carbon emission reduction. The research results can provide a scientific reference for the reasonable adjustment of the trade structure of cobalt commodities and realization of the economic and efficient utilization of cobalt resources in China.