Its main use is the manufacturer of magnets
Most of the cobalt produced is used for special alloys. A relatively large percentage of the world's production goes into magnetic alloys such as the Alnicos for permanent magnets. Sizable quantities are utilized for alloys that retain their properties at high temperatures and superalloys that are used near their melting points (where steels would become too soft). Cobalt is also employed for hard-facing alloys, tool steels, low-expansion alloys (for glass-to-metal seals), and constant-modulus (elastic) alloys (for precision hairsprings). Cobalt is the most satisfactory matrix for cemented carbides.