Key Market Indicators
Japan is projected to import 8.9 million kilograms of cobalt and export 4.1 million kilograms of cobalt by 2026. This represents a 0.7% decrease in imports and a 1.3% increase in exports from 2021. From 1993, imports have risen 2.1% year on year, while exports have decreased 4.8% year on year. In 2021, the US overtook Japan in terms of imports, ranking at number 2 with 9.3 million kilograms, while China surpassed Japan in terms of exports, ranking at number 4 with 3.8 million kilograms.