Over the forecast period, the global cobalt production is expected to grow at a cagr of 5. 1% to reach 410. 9kt in 2030. The report contains an overview of the global cobalt mining industry including key … Benchmark mineral intelligence was commissioned by the cobalt institute to prepare the 2024 cobalt market report ahead of the cobalt congress in singapore in may 2025.

The increase in mine production was mainly in congo (kinshasa), the world’s leading source of mined cobalt accounting for 74% of world cobalt mine production, and in indonesia, accounting for 7%.