Global Cobalt Mining to 2030, Update 2023

Abstract

GlobalData's "Cobalt Mining Market Analysis by Reserves, Production, Assets, Demand Drivers and Forecast to 2030" provides a comprehensive coverage on the global cobalt industry. It provides historical and forecast data on cobalt production by country, production by company, reserves by country and world cobalt prices. The report also includes a demand drivers section providing information on factors that are affecting the global cobalt industry. It further profiles major cobalt producers, information on the major active, planned and exploration projects by region.

Global cobalt production is expected to increase to 217.4 thousand tonnes (kt) in 2023, an increase of 14.4% over 2022, with the DRC alone contributing most of it. Increased supply from the DRC and Indonesia will primarily support growth in 2023. Global cobalt production is expected to increase at a compound annual growth rate (CAGR) of 5.1% over the forecast period to reach 311.8kt in 2030. The total cobalt production for the top 10 countries is projected to increase from a collective 174.3kt in 2022 to 200.1kt in 2023,representing a 14.8% increase and accounting for 92.1% of the global total in 2023.

Scope

The report contains an overview of the global cobalt mining industry including key demand driving factors affecting the global cobalt mining industry. It provides detailed information on reserves, reserves by country, production, production by country, production by company, major operating mines, competitive landscape, major exploration and development projects.

Reasons to Buy

To gain an understanding of the global cobalt mining industry, relevant driving factors

To understand historical and forecast trend on global cobalt production

To identify key players in the global cobalt mining industry

To identify major active, exploration and development projects by region