Key Market Indicators
UK cobalt exports are projected to reach around 3.6 million kilograms by 2026, a 2.9% annual growth since 2021. The country had achieved a 13.6% average yearly growth since 1998, placing 8th in 2021. South Korea was the top exporter, while the US, Russia and China occupied the second, third and fourth positions. UK cobalt imports are expected to reach 7.1 million kilograms by 2026, a 1.3% compound annual growth rate since 2021. Since 1998, annual imports grew by 2.6%. The UK was the fifth largest importer in 2021, with Japan being the leader. Belgium, the US and Japan occupied the second, third and fourth places in the rankings.