Cobalt production — all countries

Cobalt production — World

Cobalt production in the world in 2024 — 270,816 t. Since 1995, the indicator has risen by 1,211.2%.

2024 270,816 t +33.17% vs 2023
World rank
Period maximum 270,816 t2024
Period minimum 20,654 t1995

Trend over time

1995–2024 · tonnes

Cobalt production — World, 1995–20240100,000200,000300,000199519982001200420072010201320162019202220241995: 20,654 t1996: 23,015 t1997: 24,303 t1998: 26,941 t1999: 29,013 t2000: 34,799 t2001: 39,670 t2002: 44,904 t2003: 44,579 t2004: 54,255 t2005: 60,607 t2006: 66,331 t2007: 66,382 t2008: 82,928 t2009: 93,532 t2010: 129,462 t2011: 148,242 t2012: 135,436 t2013: 131,582 t2014: 130,733 t2015: 137,217 t2016: 118,418 t2017: 137,319 t2018: 150,927 t2019: 120,030 t2020: 131,469 t2021: 137,524 t2022: 168,291 t2023: 203,356 t2024: 270,816 t
Change over the period: +250,162 (+1,211.2%) Average annual rate: 9.28 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: World

World 270,816 t
World 270,816 t
Cobalt production — World, by year World All countries CSV XLSX
Year t Change Change, %
2024 270,816 +67,460 +33.17%
2023 203,356 +35,065 +20.84%
2022 168,291 +30,767 +22.37%
2021 137,524 +6,055 +4.61%
2020 131,469 +11,439 +9.53%
2019 120,030 −30,898 −20.47%
2018 150,927 +13,608 +9.91%
2017 137,319 +18,901 +15.96%
2016 118,418 −18,799 −13.7%
2015 137,217 +6,484 +4.96%
2014 130,733 −849 −0.65%
2013 131,582 −3,854 −2.85%
2012 135,436 −12,806 −8.64%
2011 148,242 +18,780 +14.51%
2010 129,462 +35,930 +38.41%
2009 93,532 +10,604 +12.79%
2008 82,928 +16,546 +24.93%
2007 66,382 +51 +0.08%
2006 66,331 +5,724 +9.44%
2005 60,607 +6,352 +11.71%
2004 54,255 +9,676 +21.71%
2003 44,579 −325 −0.72%
2002 44,904 +5,234 +13.19%
2001 39,670 +4,870 +14%
2000 34,799 +5,786 +19.94%
1999 29,013 +2,072 +7.69%
1998 26,941 +2,638 +10.85%
1997 24,303 +1,288 +5.6%
1996 23,015 +2,361 +11.43%
1995 20,654

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).