The total reserves of cobalt across the globe amounted to an estimated 11 million metric tons in 2024. Although cobalt is not especially rare, ranking 32nd in global abundance among metals, it has become an increasingly important commodity due to its use in batteries, as well as in alloys, chemicals and ceramics, cemented carbides, and more.
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Reserves of cobalt worldwide from 2010 to 2024
(in million metric tons)
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US Geological Survey. (February 3, 2025). Reserves of cobalt worldwide from 2010 to 2024 (in million metric tons) [Graph]. In Statista. Retrieved June 20, 2025, from https://www.statista.com/statistics/1058647/global-cobalt-reserves/
US Geological Survey. "Reserves of cobalt worldwide from 2010 to 2024 (in million metric tons)." Chart. February 3, 2025. Statista. Accessed June 20, 2025. https://www.statista.com/statistics/1058647/global-cobalt-reserves/
US Geological Survey. (2025). Reserves of cobalt worldwide from 2010 to 2024 (in million metric tons). Statista. Statista Inc.. Accessed: June 20, 2025. https://www.statista.com/statistics/1058647/global-cobalt-reserves/
US Geological Survey. "Reserves of Cobalt Worldwide from 2010 to 2024 (in Million Metric Tons)." Statista, Statista Inc., 3 Feb 2025, https://www.statista.com/statistics/1058647/global-cobalt-reserves/
US Geological Survey, Reserves of cobalt worldwide from 2010 to 2024 (in million metric tons) Statista, https://www.statista.com/statistics/1058647/global-cobalt-reserves/ (last visited June 20, 2025)
Reserves of cobalt worldwide from 2010 to 2024 (in million metric tons) [Graph], US Geological Survey, February 3, 2025. [Online]. Available: https://www.statista.com/statistics/1058647/global-cobalt-reserves/
