In 2023, DR Congo remained the dominant cobalt producer with 64,000 metric tons, significantly outpacing other countries. Russia and Australia both produced 5,500 metric tons, followed by Canada at 4,250, and Cuba at 4,200. Other notable producers included the Philippines, Madagascar, and New Caledonia, each contributing between 3,390 and 4,100 metric tons. Year-on-year variations indicate moderate shifts, with the DR Congo’s output solidifying its position as a leader. The compound annual growth rate (CAGR) shows a stable increase among major producers over the past five years, particularly for DR Congo and emerging markets like Zambia and New Caledonia.
Future trends to watch include:
- Expansion in cobalt recycling, potentially altering demand dynamics.
- Developments in battery technology affecting the geopolitical landscape of cobalt supply.
- Environmental and regulatory challenges influencing production in DR Congo and Australia.
Top countries in Top Cobalt Producing Countries
| # | 10 Countries | Metric Tons | Last Year | |
|---|---|---|---|---|
| 1 | 1 DR Congo | 64,000 | 2016 | |
| 2 | 2 Russia | 5,500 | 2016 | |
| 3 | 3 Australia | 5,500 | 2016 | |
| 4 | 4 Canada | 4,250 | 2016 | |
| 5 | 5 Cuba | 4,200 | 2016 | |
| 6 | 6 Philippines | 4,100 | 2016 | |
| 7 | 7 Madagascar | 3,800 | 2016 | |
| 8 | 8 New Caledonia | 3,390 | 2016 | |
| 9 | 9 Zambia | 3,000 | 2016 | |
| 10 | 10 South Africa | 2,300 | 2016 |
