Global cobalt refinery production 2017-2023

Published by
Madhumitha Jaganmohan,
Mar 28, 2025

In 2023, the total worldwide refinery production of cobalt amounted to 179,000 metric tons. Cobalt demand has been increasing recently due to increased demand for batteries containing cobalt.

Refinery production of cobalt worldwide from 2017 to 2023 (in metric tons)

CharacteristicProduction in metric tons
2023 179,000
2022 165,000
2021 148,000
2020 147,000
2019 139,000
2018 126,000
2017 119,000
Showing entries 1 to 7 (7 entries in total)
Created with Highcharts 7.2.2Production in metric tons119,000119,000126,000126,000139,000139,000147,000147,000148,000148,000165,000165,000179,000179,0002017201820192020202120222023
025,00050,00075,000100,000125,000150,000175,000200,000

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Release date

2024

Region

Worldwide

Survey time period

2017 to 2023

Supplementary notes

Figures from 2022 have been estimated by the Cobalt Institute. Earlier years were published by US Geological Survey.

This statistic was compiled using several releases of the publication.

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Statistics on " Cobalt industry worldwide "

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Reserves

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Production

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Countries

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Refined production

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Trade

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Companies

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Consumption

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Prices

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