Top 5 Largest Cobalt Producing Countries

In this brief overview, we’ll find the 5 largest cobalt producing countries that are driving this metal’s global market. If you want more insights on the trends and events in cobalt mining, go to Top 20 Largest Cobalt Producing Countries.

5. Canada 

Cobalt Mine Production in 2022: 3,900 metric tons 

Canada extracted 3,900 metric tons of cobalt in 2022 and is positioned fifth in the list of the largest cobalt producing countries. Underlying this production is an estimated cobalt reserve of 0.22 million metric tons that’ll likely keep putting the country in the first row in the coming years. 

4. Australia 

Cobalt Mine Production in 2022: 5,900 metric tons

Australia yielded 5,900 metric tons of cobalt in 2022 and was prized as the fourth-largest cobalt-producing nation. The country boasts reserves of 1.5 million metric tons, evidence of its substantial potential for future cobalt mining.

3. Russia

Cobalt Mine Production in 2022: 8,900 metric tons 

Russia bolstered its position as the third-largest global producer of cobalt by mining 8,900 metric tons in 2022. Notably, the country’s robust cobalt reserves, quantified at 0.25 million metric tons, provide a significant resource base for its upcoming yield. 

2. Indonesia 

Cobalt Mine Production in 2022: 10,000 metric tons 

Indonesia cemented its position as the second-largest global producer of cobalt in the previous fiscal year by extracting a substantial 10,000 metric tons. The country’s prodigious output depends on its reserves, amounting to 0.6 million metric tons. 

1. Congo 

Cobalt Mine Production in 2022: 0.13 million metric tons 

Congo has been dominating global cobalt production for a considerable while now. Its 2022 cobalt throughput accounted for a substantial 68% of the worldwide output with its 0.13 million metric tons yield. Since Congo holds robust reserves of 4 million metric tons, it’ll continue to be the leader in the world’s cobalt mining sector. 

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