Cobalt production — all countries

Cobalt production — Upper-middle-income countries

Cobalt production in upper-middle-income countries in 2024 — 5,915 t. Since 1995, the indicator has risen by 106.9%.

2024 5,915 t +10.25% vs 2023
World rank
Period maximum 9,600 t2013
Period minimum 2,551 t1996

Trend over time

1995–2024 · tonnes

Cobalt production — Upper-middle-income countries, 1995–202402,5005,0007,50010,000199519982001200420072010201320162019202220241995: 2,859 t1996: 2,551 t1997: 3,023 t1998: 3,140 t1999: 3,237 t2000: 3,522 t2001: 4,135 t2002: 4,962 t2003: 4,454 t2004: 5,424 t2005: 7,518 t2006: 8,042 t2007: 6,980 t2008: 6,430 t2009: 7,050 t2010: 8,100 t2011: 8,200 t2012: 9,400 t2013: 9,600 t2014: 9,500 t2015: 9,500 t2016: 8,500 t2017: 8,700 t2018: 7,800 t2019: 8,400 t2020: 7,793 t2021: 7,366 t2022: 6,541 t2023: 5,365 t2024: 5,915 t
Change over the period: +3,056 (+106.89%) Average annual rate: 2.54 %

Comparison, 2024

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

Upper-middle-income countries 5,915 t
World 270,816 t
Cobalt production — Upper-middle-income countries, by year Upper-middle-income countries All countries CSV XLSX
Year t Change Change, %
2024 5,915 +550 +10.25%
2023 5,365 −1,176 −17.98%
2022 6,541 −825 −11.2%
2021 7,366 −427 −5.48%
2020 7,793 −607 −7.22%
2019 8,400 +600 +7.69%
2018 7,800 −900 −10.34%
2017 8,700 +200 +2.35%
2016 8,500 −1,000 −10.53%
2015 9,500 +0 +0%
2014 9,500 −100 −1.04%
2013 9,600 +200 +2.13%
2012 9,400 +1,200 +14.63%
2011 8,200 +100 +1.23%
2010 8,100 +1,050 +14.89%
2009 7,050 +620 +9.64%
2008 6,430 −550 −7.88%
2007 6,980 −1,062 −13.21%
2006 8,042 +524 +6.97%
2005 7,518 +2,094 +38.61%
2004 5,424 +970 +21.78%
2003 4,454 −508 −10.24%
2002 4,962 +827 +20%
2001 4,135 +613 +17.4%
2000 3,522 +285 +8.8%
1999 3,237 +97 +3.09%
1998 3,140 +117 +3.87%
1997 3,023 +472 +18.5%
1996 2,551 −308 −10.77%
1995 2,859

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).