According to GlobalData, Russia is the world’s third-largest producer of cobalt in 2023, with output up by 0.5% on 2022. Over the five years to 2022, production from Russia increased by a CAGR of 7% and is expected to rise by a CAGR of 1% 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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Russia accounts for 4% of global production, with the largest producers being the Democratic Republic of the Congo, Indonesia, Russia and Madagascar.
For more detailed analysis of global cobalt mining, buy the report here.
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