Top-10 Cobalt Producing Countries in the World [Current Affairs]

Cobalt is a vital metal used primarily in rechargeable batteries, superalloys, and various industrial processes. Its production is crucial for technological advancements and green energy solutions. Here are the top-10 cobalt-producing countries based on recent data.

Global Cobalt Production

In 2023, global cobalt production totaled 197,791 tonnes, with the Democratic Republic of Congo contributing nearly 145,000 tonnes. The electric vehicle (EV) industry remains the largest consumer, accounting for about 40% of the total cobalt demand. This highlights the significant role of cobalt in advancing green technologies and sustainable energy solutions.

Largest Cobalt Producing Country in the World

The Democratic Republic of Congo (DRC) is the world’s largest cobalt producer, with 130,000 metric tons in 2022, representing about 70% of global output. The DRC’s dominance in cobalt mining is well-established and expected to continue. However, the industry faces serious concerns, including human rights abuses and child labor, largely due to unregulated artisanal mining operations that exacerbate these issues.

Top-10 Cobalt Producing Countries in the World as of 2024

Democratic Republic of Congo with the cobalt mine production of 130,000 metric tons, stands as the largest cobalt producing country in the world, followed by Indonesia, Russia, Australia and Canada.

Here is the list of top-10 cobalt producing countries in the world as of 2024:

World’s Largest Cobalt Producer – Democratic Republic of Congo

Cobalt production: 130,000 metric tons

The Democratic Republic of Congo (DRC) is the world’s largest producer of cobalt, with a staggering production of 130,000 metric tons. This accounts for around 70% of global cobalt output. Despite its dominance in the cobalt market, the DRC’s mining sector faces significant challenges, including human rights abuses and unregulated artisanal mining.

Second Largest Cobalt Producing Country in the World – Indonesia

Cobalt Production:10,000 metric tons

Indonesia has rapidly become a major player in cobalt production, with 10,000 metric tons. The country has seen a surge in investment, especially from Chinese companies, due to its strategic position in the battery metals supply chain. Indonesia’s cobalt output is expected to grow significantly, making it a key competitor in the global market.

World’s Third Largest Cobalt Producing Country – Russia

Cobalt Production: 8,900 metric tons

Russia is the third-largest cobalt producer in the world, with an output of 8,900 metric tons. The country’s cobalt is mainly produced by Norilsk Nickel, one of the top five producers globally. Although Russia’s production is far behind the DRC, it remains a crucial player, especially in the European market.