Key Market Indicators
Brazil's cobalt imports are expected to reach 1.45 million kilograms by 2026, a 3.2% growth year-on-year. Since 1994, the country's demand has grown 2.6% annually. In 2021, Brazil ranked 11th in the world, with France taking the top spot at 1.2 million kilograms. Belgium, the US and Japan came in second, third and fourth respectively. In 2018, Brazil's cobalt exports surged 2,250%, reaching 4,680 kilograms - up from 199 kilograms in 2017. Since 1994, the country's supply has decreased 68.2%. In 2018, Brazil was the 35th largest exporter, with Thailand taking the lead at 4,680 kilograms. The US, Russia and China ranked second, third and fourth respectively.