The total global supply of refined cobalt is estimated to amount to 210,000 metric tons in 2023, an increase of 24 percent compared to 2022. Meanwhile, global refined cobalt demand is expected to amount to 205,000 metric tons in 2023, representing an increase of eight percent compared to 2022. Overall, experts are forecasting a cobalt market surplus of nearly 5,600 metric tons in 2023.
Forecast cobalt supply, demand, and market surplus worldwide in 2023 and 2024 (in metric tons)
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Other statistics that may interest you Cobalt industry worldwide
Overview
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Reserves
2
Production
4
- Premium Statistic Global cobalt mine production 2010-2023
- Premium Statistic Global by-product cobalt production share by primary metal 2013-2020
- Premium Statistic Leading cobalt mines worldwide 2022, by production volume
- Premium Statistic Production volume of cobalt globally 2021, by political stability of producers
Countries
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- Premium Statistic Global cobalt mine production 2023, by leading country
- Premium Statistic Global distribution of mined cobalt supply 2022, by country
- Premium Statistic Global year-over-year growth in cobalt supply from 2021-2022, by country
- Premium Statistic Cobalt mine production volume in the Democratic Republic of Congo 2010-2023
- Premium Statistic Cobalt mine production in Russia 2011-2023
- Premium Statistic Cobalt production in Australia 2011-2021
- Premium Statistic Forecast mined supply growth share of cobalt worldwide 2022-2030, by country
Refined production
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- Premium Statistic Global refinery capacity of cobalt 2020, by top countries
- Basic Statistic Global cobalt refinery production 2011-2021
- Premium Statistic Growth in refined cobalt supply worldwide 2021-2022 by region
- Premium Statistic Global distribution of refined cobalt production in 2022, by country
- Premium Statistic Cobalt refinery production in China 2010-2020
Trade
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Companies
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- Premium Statistic Global market capitalization of selected refined cobalt producers 2021
- Premium Statistic Global refined cobalt production 2022, by company
- Premium Statistic Glencore's production of cobalt 2015-2023
- Premium Statistic Vale's production of cobalt 2014-2022
- Premium Statistic Number of cobalt industry jobs worldwide 2010-2030
Consumption
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- Premium Statistic Global cobalt consumption 2019 & 2020
- Premium Statistic Global cobalt demand annual growth rate 2018-2022
- Premium Statistic Global cobalt consumption share 2020, by region
- Premium Statistic Global share of cobalt demand 2022, by end-use
- Premium Statistic Global cobalt consumption raw material shares 2020, by application
Further Content: You might find this interesting as well
Reuters. (March 7, 2023). Forecast cobalt supply, demand, and market surplus worldwide in 2023 and 2024 (in metric tons) [Graph]. In Statista. Retrieved April 28, 2024, from https://www.statista.com/statistics/1287968/forecast-global-cobalt-supply-and-demand/
Reuters. "Forecast cobalt supply, demand, and market surplus worldwide in 2023 and 2024 (in metric tons)." Chart. March 7, 2023. Statista. Accessed April 28, 2024. https://www.statista.com/statistics/1287968/forecast-global-cobalt-supply-and-demand/
Reuters. (2023). Forecast cobalt supply, demand, and market surplus worldwide in 2023 and 2024 (in metric tons). Statista. Statista Inc.. Accessed: April 28, 2024. https://www.statista.com/statistics/1287968/forecast-global-cobalt-supply-and-demand/
Reuters. "Forecast Cobalt Supply, Demand, and Market Surplus Worldwide in 2023 and 2024 (in Metric Tons)." Statista, Statista Inc., 7 Mar 2023, https://www.statista.com/statistics/1287968/forecast-global-cobalt-supply-and-demand/
Reuters, Forecast cobalt supply, demand, and market surplus worldwide in 2023 and 2024 (in metric tons) Statista, https://www.statista.com/statistics/1287968/forecast-global-cobalt-supply-and-demand/ (last visited April 28, 2024)
Forecast cobalt supply, demand, and market surplus worldwide in 2023 and 2024 (in metric tons) [Graph], Reuters, March 7, 2023. [Online]. Available: https://www.statista.com/statistics/1287968/forecast-global-cobalt-supply-and-demand/