According to GlobalData, Canada is the world’s sixth-largest producer of cobalt in 2023, with output up by 6% on 2022. Over the five years to 2022, production from Canada increased by a CAGR of 3% and is expected to rise by a CAGR of 7% 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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Canada 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 Canada are Vale and Glencore. During 2020-2021, Vale's output was down by 4%, Glencore's output decreased by 45%.
For more detailed analysis of global cobalt mining, buy the report here.
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GlobalData’s Commodity Analyzer tracks production, consumption, imports and exports of 17 key commodities across 60 countries, whilst its Mines & Projects Database tracks over 30,000 mines and projects with 200+ data fields for each, including production, operating costs, equipment and key mine-site contacts.
