Key Market Indicators
Canadian cobalt exports are projected to reach 10.1 million kilograms by 2026, growing by a 0.8% year-on-year compound annual growth rate (CAGR). This is up from 9.6 million kilograms in 2021. Since 1994, Canadian cobalt supply has declined by 1.6% year-on-year. The US, Russia and China rank second, third and fourth respectively in terms of cobalt exports.