Huayou Cobalt Co., Ltd primarily operates as a supplier of cobalt and its associated products, such as cobalt tetroxide, cobalt oxide, cobalt carbonate, cobalt hydroxide, cobalt oxalate, cobalt sulfate, and cobalt monoxide. The company is headquartered in the Tongxiang Economic Development Zone of Zhejiang, China.

Throughout its history, Huayou Cobalt has focused on various aspects, including research, development, and manufacturing, with a particular emphasis on new energy Li-ion battery materials and advanced cobalt materials. The company has also organized its operations into four business units, which are Resources Development, New Materials Manufacturing, New Energy Manufacturing, and Recycling. These units collectively contribute to various aspects of the industrial ecosystem related to new energy lithium batteries, including cobalt and nickel mineral development, refining processes, Li-ion battery cathode material production, as well as reusing and recycling.

Huayou Cobalt Co., Ltd was founded in the year 2002.

In 2006, Huayou established its first cobalt mine and smelter in Congo.

Quzhou Huayou Cobalt New Material Co Ltd founded on May 30, 2011, with a registered capital of 700 million yuan($101 million) (the registered capital was increased to 1.2 billion yuan in January 2016).

On June 27, 2012, the construction of Huayou's cobalt new material project with an annual capacity of 10,000 tons in Huayou Quzhou commenced.

The company was listed on the Shanghai Stock Exchange on January 29, 2015.

Huayou New Energy Technology (Quzhou) Co. Ltd. was established on May 16, 2016.