Global Industry, Markets & Outlook

12 month subscription includes:

  • Analysis of the Cobalt report with forecast to 2026
  • Hard copy and electronic PDF of the report for up to five users
  • Quarterly updates of the main drivers of the cobalt market
  • Access to the analysts for discussion around report content

Cobalt is mostly mined as a by-product of copper or nickel with the copper-cobalt sulphide deposits of the Central African Copper belt being the principal source. The DRC dominates global mine production and accounted for roughly 60% of global supply in 2015. Nickel operations in Cuba, Russia and Australia are also important sources. Refined production reached a peak of nearly 98kt in 2015, with production of cobalt chemicals representing nearly two-thirds of that total.

The chemicals are consumed in catalysts, pigments and decolourisers, and soaps and dryers, but rechargeable batteries are by far the largest market. With battery requirements shifting towards electric vehicles and energy storage systems, Roskill expects the share of high-cobalt containing cathode technologies to decrease in favour of nickel-rich and iron phosphate cathodes. This changing picture still leads to a positive outlook for demand, as cobalt is used as an additive.

The outlook is also positive for cobalt metal demand. The refined metal is mostly consumed in nickel alloys, tool materials and magnets. Strong demand from the aerospace and industrial manufacturing sectors in particular is expected to translate into steady growth in demand for the metal over the period to 2026.

  1. Executive summary
  2. Introduction, reserves, occurrence
  3. Mining, processing & costs
  4. Overview of world production
  5. Production by country
  6. International trade
  7. Overview of world consumption
  8. End-uses
  9. Prices
  10. Outlook
  11. Company profiles

Roskill experts will answer your questions…

  • How do copper and nickel market dynamics impact supply?
  • Which companies are the major producers?
  • Which factors drive production in the DRC?
  • How will battery production trends impact demand?
  • How is it traded internationally?
  • How will prices perform to 2026?