In 2023, the re-import of cobalt oxides and hydroxides to France stood at a certain level, establishing a baseline for future forecasts. From 2024 to 2028, the forecast depicts a gradual decline from 8.67 to 8.52 thousand kilograms. These figures demonstrate a decreasing trend with a slight year-on-year decline, averaging to a CAGR indicating a steady reduction over the five-year period. This indicates potential stabilization or decreased demand in the market.
Future trends to watch for include technological advancements in cobalt recycling, evolving global trade policies, and shifts in demand for cobalt-based products. Monitoring these factors will be crucial in adapting to future market dynamics.
