According to GlobalData, the Democratic Republic of the Congo is the world’s largest producer of cobalt in 2023, with output up by 17% on 2022. Over the five years to 2022, production from the Democratic Republic of the Congo increased by a CAGR of 6% and is expected to rise by a CAGR of 3% 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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The Democratic Republic of the Congo accounts for 70% of global production, with the largest producers being the Democratic Republic of the Congo, Indonesia, Russia and Madagascar.
Leading producers of cobalt in the Democratic Republic of the Congo are Glencore, CMOC Group and Jinchuan Group International Resources. During 2020-2021, Glencore's output was up by 45%, CMOC Group's output increased by 10%, while output from Jinchuan Group International Resources increased by 17%.
For more detailed analysis of global cobalt mining, buy the report here.
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