Key Market Indicators
Namibian cobalt imports are projected to rise 1.5% year on year to 264.18 kg by 2026. This is a marked reversal from 2017, when Namibian demand declined 15.2% year on year. In 2021, Namibia was ranked 66th in cobalt imports, while Bolivia overtook the country with 241.3 kg. Belgium, the US and Japan came in at second, third and fourth in the rankings respectively.