The forecasted cobalt refinery production in China indicates a consistent upward trend from 96.14 thousand metric tons in 2024 to 111.46 thousand metric tons in 2028. Considering an absence of 2023 data, the emphasis falls on growth estimates from 2024 onwards. The annual growth observed in these forecasts reflects a notable year-on-year increase of approximately 4% throughout the period.

Key future trends to watch for include:

Technological advancements in extraction and processing, potentially boosting efficiency.
Shifts in global demand, driven by increasing use of cobalt in batteries for electric vehicles and mobile devices.
Regulatory changes impacting mining and production practices in China.