Cobalt production — all countries

Cobalt production — High-income countries

Cobalt production in high-income countries in 2024 — 18,570 t. Since 1995, the indicator has risen by 72.5%.

2024 18,570 t −6.73% vs 2023
World rank
Period maximum 22,053 t2008
Period minimum 10,763 t1995

Trend over time

1995–2024 · tonnes

Cobalt production — High-income countries, 1995–202410,00015,00020,00025,000199519982001200420072010201320162019202220241995: 10,763 t1996: 11,056 t1997: 11,228 t1998: 11,730 t1999: 11,333 t2000: 14,096 t2001: 15,638 t2002: 17,382 t2003: 18,149 t2004: 18,336 t2005: 17,946 t2006: 20,094 t2007: 21,982 t2008: 22,053 t2009: 16,649 t2010: 17,536 t2011: 19,886 t2012: 18,548 t2013: 19,895 t2014: 20,448 t2015: 20,209 t2016: 18,374 t2017: 18,184 t2018: 16,628 t2019: 17,039 t2020: 21,971 t2021: 19,156 t2022: 19,820 t2023: 19,910 t2024: 18,570 t
Change over the period: +7,807 (+72.54%) Average annual rate: 1.9 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: High-income countries

High-income countries 18,570 t
World 270,816 t
Cobalt production — High-income countries, by year High-income countries All countries CSV XLSX
Year t Change Change, %
2024 18,570 −1,340 −6.73%
2023 19,910 +90 +0.45%
2022 19,820 +664 +3.47%
2021 19,156 −2,815 −12.81%
2020 21,971 +4,932 +28.95%
2019 17,039 +411 +2.47%
2018 16,628 −1,556 −8.56%
2017 18,184 −190 −1.03%
2016 18,374 −1,835 −9.08%
2015 20,209 −239 −1.17%
2014 20,448 +553 +2.78%
2013 19,895 +1,347 +7.26%
2012 18,548 −1,338 −6.73%
2011 19,886 +2,350 +13.4%
2010 17,536 +887 +5.33%
2009 16,649 −5,404 −24.5%
2008 22,053 +71 +0.32%
2007 21,982 +1,888 +9.4%
2006 20,094 +2,148 +11.97%
2005 17,946 −390 −2.13%
2004 18,336 +187 +1.03%
2003 18,149 +767 +4.41%
2002 17,382 +1,744 +11.15%
2001 15,638 +1,541 +10.94%
2000 14,096 +2,763 +24.38%
1999 11,333 −397 −3.38%
1998 11,730 +502 +4.47%
1997 11,228 +172 +1.56%
1996 11,056 +293 +2.72%
1995 10,763

About the indicator

Cobalt production measured as contained metal, from U.S. Geological Survey data. Cobalt is needed for the cathodes of lithium-ion batteries, and its production is concentrated more tightly than that of any other important metal: more than two-thirds of the world total comes from the Democratic Republic of the Congo. It is because of that concentration that battery makers have spent recent years looking for chemistries with a smaller share of cobalt, or none at all.

Important: Cobalt is almost always mined as a by-product — together with copper or nickel — so its volume depends on the market for the main metal and not only on demand for cobalt itself.

Source: Mineral Commodity Summaries (USGS), license Public domain (work of a U.S. federal agency).