According to GlobalData, Australia is the world’s fifth-largest producer of cobalt in 2023, with output down by 20.1% on 2022. Over the five years to 2022, production from Australia increased by a CAGR of 4% and is expected to rise by a CAGR of 18% between 2023 and 2027. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global Cobalt Mining to 2030 report. Buy the report here.
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Australia accounts for 2% of global production, with the largest producers being the Democratic Republic of the Congo, Indonesia, Russia and Madagascar.
Leading producers of cobalt in Australia are Glencore and BHP. During 2020-2021, Glencore's output was up by 20%, BHP's output decreased by 38%.
For more detailed analysis of global cobalt mining, buy the report here.
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