Why is tungsten carbide raw material more expensive? Why is cobalt price in big rise?

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Why is tungsten carbide raw material more expensive? Why is cobalt price in big rise?

2019-01-28

1.Tungsten carbide contains cobalt in its raw material

Cobalt acts as an adhesive in tungsten carbide cutting tools.

2. Cobalt is an important material for the positive electrode of Lithium-ion battery

Lithium-ion battery is a rechargeable battery, it mainly relies on lithium ions moving between the positive and negative electrodes to work. Lithium-ion battery uses an embedded lithium compound as an electrode material, currently used as a positive electrode material for lithium ion batteries are: Lithium cobalt oxide (LiCoO2), Lithium manganese oxide (LiMn2O4), Lithium nickelate oxide (LiNiO2) and Lithium iron phosphate oxide (LiFePO4), Cobalt is a key raw material for the production of Lithium-ion batteries.

3. The rise of electric vehicles, the demand for cobalt is large

The demand for electric vehicles has exploded, in addition to driving the demand for Lithium-ion batteries, it has also raised the price of cobalt. A quarter of the world’s cobalt production is used to make cell phone batteries and the amount of cobalt required for an electric car battery is about 1000 times that of a mobile phone battery. The demand for cobalt will increase year by year in the future.

4. Cobalt is in short supply, and the rise in cobalt prices affects the price of tungsten carbide raw materials.

Whether it is a mobile phone battery or an electric vehicle battery, it requires a lot of cobalt. Cobalt is in short supply, so the price of cobalt has also raised all the way. Because tungsten carbide raw materials contain cobalt, the price of tungsten carbide raw materials has been increasing in recent years.

5. Baoje Tool reaction method

In terms of tungsten carbide raw materials, Baoje has prepared a large amount of tungsten carbide raw materials. Ensure that the production materials are able to meet customer requirements. In terms of cutting tool price, Baoje tries to maintain the original price. If some tungsten carbide bars increase too much, Baoje will increase slightly and inform customers early, in order to help customers to order the cutting tool stock before the increase.

Reference material:

Related Links:

BAOJE Systematic Cutting Tools
https://www.baojetools.com/cutting-tools/

BAOJE Customized Cutting Tools
https://www.baojetools.com/case/

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Superior techniques, premium quality adherence.

BAOJE industrial Ltd. Co. is a leading manufacturer of high quality micro boring tools with 30 years experience. We focus on what you need and endeavor to research the best quality of tools for your industry. These are some patents which include CNC grinding tool machine, sectioning machine, precision boring tools along with toolholders to satisfy your needs.

Superior techniques, premium quality adherence.

BAOJE industrial Ltd. Co. is a leading manufacturer of high quality micro boring tools with 30 years experience. We focus on what you need and endeavor to research the best quality of tools for your industry. These are some patents which include CNC grinding tool machine, sectioning machine, precision boring tools along with toolholders to satisfy your needs.

Why is tungsten carbide raw material more expensive? Why is cobalt price in big rise?

2019-04-01T16:07:54+08:00 January 28th, 2019|