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Cobalt

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Factbook F-243161
Read more: Strategic Materials Reserve
Cobalt Raw material Rare Materials imported
Production28.1 t p.a.
Exports0 mg
Value per tonne✦22,760
Revenue✦639,400
Value added✦618,300
Surplus✦341,100
  • Per tonne:
  • Labour ✦441 (Sf 2.76)
  • Materials ✦0
  • Capital ✦9,425
  • Energy ✦750
  • Surplus ✦12,140

Whole chain per tonne: 10 labour hours, 15,000 kWh.

Formula

A.C. = w0LhSf Labour ✦441 Shadow wage w0 ✦16 an hour Γ— Lh 10 hours per tonne Γ— skill factor Sf 2.76 Sf for energy: training ✦60,000 against ✦45,000, queue 30 hours against 48 + Ξ£ qiPirΞ»i Materials ✦0 A raw material, with no recipe inputs. + (D + Mo)Ξ±e Capital ✦9,425 Depreciation and maintenance ✦6,500 per tonne Γ— financing 1.45 Γ— waste factor Ξ±e 1.00 Financing is interest at 6% on equipment's average value over a 15-year life. Ξ±e is 1.00 when maintenance hours and defects are on target. + Epe Energy ✦750 E 15,000 kWh per tonne Γ— pe ✦0.05 per kWh = ✦10,620

A.V. = rP*world Accounted value ✦22,760 per tonne World price $15,000 per tonne plus freight and insurance 1.13% = P* $15,165 Γ— r 1.5 crowns per US dollar Import parity: the price at the Commonwealth border for a good it could otherwise import. Observed abroad, not calculated: a wasteful producer raises only its own cost. = ✦22,760

Revenue = A.V. Γ— Q Accounted revenue ✦639,400 p.a. Domestic: 28.1 t Γ— ✦22,760 = ✦639,556 = ✦639,400

Surplus = (A.V. βˆ’ A.C.) Γ— Q βˆ’ levies Accounted surplus ✦341,100 p.a. Revenue ✦639,400 βˆ’ cost ✦10,620 Γ— 28.1 t = ✦340,978 Distributed 40% to reinvestment, 20% to the municipal aggregate and 40% swept to the Treasury. = ✦341,100

Made here
Supplies or uses it
Inputs arriving
Output leaving

Output

Final domestic use ✦639,556

Made from per tonne

A raw material: no recipe inputs.

Used in p.a.

  • Final domestic use 28.1 t ✦639,556 100%