In 2023, cobalt refinery production in France was at 220 metric tons. The forecast data from 2024 to 2028 shows a steady decreasing trend. The year-on-year change for 2024 to 2025 is -0.68%, from 2025 to 2026 is -0.67%, 2026 to 2027 is -0.67%, and 2027 to 2028 is -0.65%. Over the five-year period, the average annual decline, or CAGR, is approximately -0.68%.

Future trends to watch for:

Technological advancements in cobalt processing that may impact production efficiency.
Market demand shifts, especially from the electric vehicle sector, affecting production needs.
Environmental policies that could influence the refining processes and output.