Cobalt Market, Share, Size, Analysis and Forecast by 2030

Cobalt is also used in manufacturing several types of metal alloys such as magnetic alloys, superalloys and wear-resistant alloys. Cobalt has high-temperature resistance and a high melting point which makes it an apt material for products that incur frequent heating. Moreover, the tough nature of the material also means that cobalt-based product can endure a certain degree of rough-handling. Cobalt-based superalloys are used in gas turbines, spacecraft, rocket motors, nuclear reactors, power plants, and chemical equipment. However, the high cost of mining and refining of cobalt is likely to have

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