Key Insights
The cobalt market, currently valued at approximately $XX million (estimated based on provided CAGR and market trends), is projected to experience robust growth, exceeding a 3% CAGR from 2025 to 2033. This expansion is primarily fueled by the burgeoning electric vehicle (EV) industry's insatiable demand for cobalt, a crucial component in lithium-ion batteries. The increasing adoption of renewable energy technologies and the growing demand for portable electronic devices further contribute to the market's positive outlook. Major drivers include government initiatives promoting EV adoption, rising disposable incomes in emerging economies leading to increased consumer electronics purchases, and technological advancements improving battery efficiency and lifespan. However, the market faces constraints such as price volatility due to supply chain vulnerabilities, ethical sourcing concerns related to mining practices in certain regions, and the exploration of alternative battery chemistries that minimize or eliminate cobalt dependence. Market segmentation is likely driven by application (batteries, catalysts, etc.), mining methods, and geographic location. Key players such as BHP, Glencore, and Umicore are actively engaged in shaping market dynamics through strategic investments in mining operations, processing facilities, and research and development. The competitive landscape is characterized by both large multinational corporations and smaller specialized companies, leading to both opportunities and challenges.
Cobalt Market Market Size (In Billion)
The forecast period (2025-2033) promises significant expansion, with regional variations likely influenced by factors like EV adoption rates, government regulations, and the presence of established mining and processing infrastructure. North America and Europe are expected to be key markets, driven by strong EV demand and supportive regulatory environments. Asia, particularly China, will continue to play a crucial role as a major consumer and producer of cobalt. However, geopolitical factors, potential disruptions in supply chains, and the ongoing exploration of alternative battery technologies will continue to influence the market trajectory over the forecast period. Companies are exploring innovative solutions to mitigate risks, such as investing in responsible sourcing initiatives and diversifying their supply chains. This ongoing evolution presents both opportunities and challenges for existing and emerging players in this dynamic market.
Cobalt Market Company Market Share
Cobalt Market: A Comprehensive Market Report (2019-2033)
This in-depth report provides a comprehensive analysis of the Cobalt Market, encompassing market dynamics, growth trends, regional dominance, product landscapes, and key players. With a focus on the period 2019-2033 (Base Year: 2025, Forecast Period: 2025-2033), this report is an essential resource for industry professionals, investors, and strategic decision-makers seeking to navigate this dynamic market. The report delves into the parent market of metals and minerals and the child market of battery materials.
Cobalt Market Market Dynamics & Structure
The Cobalt Market is characterized by a moderately concentrated structure with several major players dominating the supply chain. Technological innovation, particularly in battery technology and sustainable mining practices, is a key driver. Regulatory frameworks, including environmental regulations and ethical sourcing initiatives, significantly impact market operations. The market witnesses substantial M&A activity, reflecting the strategic importance of cobalt in various industries. Competitive substitutes, such as alternative battery chemistries, pose a challenge. End-user demographics are heavily influenced by the burgeoning electric vehicle (EV) sector.
- Market Concentration: High, with top 5 players holding xx% market share (2024).
- Technological Innovation: Focus on sustainable mining, efficient processing, and recycling technologies.
- Regulatory Framework: Stringent environmental standards and ethical sourcing requirements.
- Competitive Substitutes: Alternative battery technologies (e.g., LFP batteries) present competition.
- M&A Activity: Significant deal volume in recent years, exceeding USD xx billion (2019-2024).
- End-User Demographics: Primarily driven by the growth of the EV industry and electronics manufacturing.
Cobalt Market Growth Trends & Insights
The Cobalt Market has experienced robust growth over the historical period (2019-2024), driven primarily by the exponential rise in demand from the EV industry. The market size reached xx million units in 2024, exhibiting a CAGR of xx% during this period. Technological disruptions, such as advancements in battery technologies and the increased adoption of electric vehicles, are further accelerating market expansion. Shifting consumer preferences towards environmentally friendly transportation and electronics are also contributing factors. The forecast period (2025-2033) projects continued growth, with an estimated market size of xx million units by 2033 and a CAGR of xx%. Market penetration is expected to increase significantly, driven by ongoing EV adoption and technological advancements.
Dominant Regions, Countries, or Segments in Cobalt Market
The Democratic Republic of Congo (DRC) remains the dominant producer of cobalt, holding a significant market share. Its dominance is driven by abundant reserves and established mining infrastructure. However, geopolitical instability and concerns regarding ethical sourcing present challenges. Other key regions include Australia, Canada, and Zambia. Growth in these regions is fuelled by government policies supporting the mining industry, coupled with substantial investments in exploration and mine development.
- DRC: High market share due to abundant reserves and established mining operations; challenges include geopolitical instability and ethical sourcing concerns.
- Australia: Significant production driven by strong government support and investment in mining projects.
- Canada: Growing cobalt production, supported by investments in exploration and mining technologies.
- Zambia: Emerging as a key cobalt producer, boosted by increased investment and resource development.
Cobalt Market Product Landscape
The Cobalt Market encompasses various forms of cobalt, including cobalt hydroxide, cobalt sulfate, and cobalt metal. Product innovations focus on improving purity, reducing processing costs, and enhancing sustainability. Applications are primarily driven by the battery industry, where cobalt is crucial in lithium-ion batteries for electric vehicles, portable electronics, and energy storage systems. Performance metrics such as purity and consistency are key factors influencing product selection. Technological advancements are focused on improving extraction methods, reducing environmental impact, and developing more efficient recycling processes.
Key Drivers, Barriers & Challenges in Cobalt Market
Key Drivers:
- Growth of the EV Industry: The primary driver, fueled by increasing demand for electric vehicles globally.
- Technological Advancements: Improvements in battery technology and cobalt processing methods.
- Government Policies: Supportive policies promoting the adoption of EVs and the development of the mining industry.
Challenges and Restraints:
- Supply Chain Disruptions: Geopolitical risks and ethical sourcing concerns disrupt supply chains.
- Regulatory Hurdles: Stringent environmental and ethical regulations increase compliance costs.
- Price Volatility: Fluctuations in cobalt prices pose challenges for manufacturers.
- Competitive Pressure: Emergence of alternative battery chemistries and recycling technologies.
Emerging Opportunities in Cobalt Market
Emerging opportunities lie in the development of sustainable and ethical cobalt sourcing practices, advancements in cobalt recycling technologies, and expansion into new applications beyond batteries, such as in aerospace and medical devices. Untapped markets in developing countries present potential for growth, requiring investments in infrastructure and responsible mining practices. Evolving consumer preferences towards environmentally friendly products create new opportunities for sustainable cobalt producers.
Growth Accelerators in the Cobalt Market Industry
Long-term growth is fueled by ongoing technological breakthroughs in battery technology, increasing strategic partnerships between mining companies and battery manufacturers, and strategic market expansion into new geographical regions. Investments in research and development focused on improving extraction methods, enhancing recycling processes, and developing more sustainable sourcing practices will further accelerate market expansion.
Key Players Shaping the Cobalt Market Market
- BHP
- CMOC
- Cobalt Blue Holdings Limited
- Eramet
- Eurasian Resources Group
- Gécamines SA
- Glencore
- Huayou Cobalt Co Ltd
- Jervois
- Jinchuan Group International Resources Co Ltd
- Panoramic Resources
- Sherritt International Corporation
- Umicore NV
- Vale
- Wheaton Precious Metals Corp
*List Not Exhaustive
Notable Milestones in Cobalt Market Sector
- November 2023: Glencore's acquisition of a 77% effective interest in Teck Resources' steelmaking coal business for USD 6.93 billion signals significant industry consolidation and potential downstream implications for cobalt market dynamics.
- April 2022: The multi-year sourcing agreement between Glencore and General Motors solidifies cobalt's importance in the EV supply chain, driving demand for ethically sourced material.
- March 2022: MMG's investment of USD 500-600 million in expanding the Kinsevere operation underscores long-term commitment to cobalt production and its importance within diversified mining strategies.
In-Depth Cobalt Market Market Outlook
The future of the Cobalt Market is promising, driven by the sustained growth of the electric vehicle industry and increasing demand for energy storage solutions. Strategic opportunities lie in developing sustainable and ethically sourced cobalt, investing in recycling technologies, and exploring new applications beyond batteries. The market's future trajectory hinges on addressing challenges related to supply chain stability, regulatory compliance, and price volatility. Companies that prioritize sustainable practices and innovation will be best positioned for long-term success.
Cobalt Market Segmentation
-
1. Form
- 1.1. Chemical Compound
- 1.2. Metal
- 1.3. Purchased Scrap
-
2. Application
- 2.1. Batteries
- 2.2. Alloys
- 2.3. Catalysts
- 2.4. Tool Materials
- 2.5. Magnets
- 2.6. Ceramics and Pigments
- 2.7. Other Applications
Cobalt Market Segmentation By Geography
- 1. China
- 2. India
- 3. Japan
- 4. South Korea
-
5. Rest of Asia Pacific
- 5.1. North America
- 6. United States
- 7. Canada
-
8. Mexico
- 8.1. Europe
- 9. Germany
- 10. United Kingdom
- 11. Italy
- 12. France
-
13. Rest of Europe
- 13.1. Rest of the World
- 14. South America
- 15. Middle East and Africa
Cobalt Market Regional Market Share
Geographic Coverage of Cobalt Market
Cobalt Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of > 3.00% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Extensive Usage in the Manufacturing of Rechargeable Batteries; Rising Usage in the Production of High Speed Cutting Tools
- 3.3. Market Restrains
- 3.3.1. Extensive Usage in the Manufacturing of Rechargeable Batteries; Rising Usage in the Production of High Speed Cutting Tools
- 3.4. Market Trends
- 3.4.1. The Batteries Segment is Expected to Dominate the Market
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Cobalt Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Form
- 5.1.1. Chemical Compound
- 5.1.2. Metal
- 5.1.3. Purchased Scrap
- 5.2. Market Analysis, Insights and Forecast - by Application
- 5.2.1. Batteries
- 5.2.2. Alloys
- 5.2.3. Catalysts
- 5.2.4. Tool Materials
- 5.2.5. Magnets
- 5.2.6. Ceramics and Pigments
- 5.2.7. Other Applications
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia Pacific
- 5.3.6. United States
- 5.3.7. Canada
- 5.3.8. Mexico
- 5.3.9. Germany
- 5.3.10. United Kingdom
- 5.3.11. Italy
- 5.3.12. France
- 5.3.13. Rest of Europe
- 5.3.14. South America
- 5.3.15. Middle East and Africa
- 5.1. Market Analysis, Insights and Forecast - by Form
- 6. China Cobalt Market Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by Form
- 6.1.1. Chemical Compound
- 6.1.2. Metal
- 6.1.3. Purchased Scrap
- 6.2. Market Analysis, Insights and Forecast - by Application
- 6.2.1. Batteries
- 6.2.2. Alloys
- 6.2.3. Catalysts
- 6.2.4. Tool Materials
- 6.2.5. Magnets
- 6.2.6. Ceramics and Pigments
- 6.2.7. Other Applications
- 6.1. Market Analysis, Insights and Forecast - by Form
- 7. India Cobalt Market Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by Form
- 7.1.1. Chemical Compound
- 7.1.2. Metal
- 7.1.3. Purchased Scrap
- 7.2. Market Analysis, Insights and Forecast - by Application
- 7.2.1. Batteries
- 7.2.2. Alloys
- 7.2.3. Catalysts
- 7.2.4. Tool Materials
- 7.2.5. Magnets
- 7.2.6. Ceramics and Pigments
- 7.2.7. Other Applications
- 7.1. Market Analysis, Insights and Forecast - by Form
- 8. Japan Cobalt Market Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by Form
- 8.1.1. Chemical Compound
- 8.1.2. Metal
- 8.1.3. Purchased Scrap
- 8.2. Market Analysis, Insights and Forecast - by Application
- 8.2.1. Batteries
- 8.2.2. Alloys
- 8.2.3. Catalysts
- 8.2.4. Tool Materials
- 8.2.5. Magnets
- 8.2.6. Ceramics and Pigments
- 8.2.7. Other Applications
- 8.1. Market Analysis, Insights and Forecast - by Form
- 9. South Korea Cobalt Market Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by Form
- 9.1.1. Chemical Compound
- 9.1.2. Metal
- 9.1.3. Purchased Scrap
- 9.2. Market Analysis, Insights and Forecast - by Application
- 9.2.1. Batteries
- 9.2.2. Alloys
- 9.2.3. Catalysts
- 9.2.4. Tool Materials
- 9.2.5. Magnets
- 9.2.6. Ceramics and Pigments
- 9.2.7. Other Applications
- 9.1. Market Analysis, Insights and Forecast - by Form
- 10. Rest of Asia Pacific Cobalt Market Analysis, Insights and Forecast, 2020-2032
- 10.1. Market Analysis, Insights and Forecast - by Form
- 10.1.1. Chemical Compound
- 10.1.2. Metal
- 10.1.3. Purchased Scrap
- 10.2. Market Analysis, Insights and Forecast - by Application
- 10.2.1. Batteries
- 10.2.2. Alloys
- 10.2.3. Catalysts
- 10.2.4. Tool Materials
- 10.2.5. Magnets
- 10.2.6. Ceramics and Pigments
- 10.2.7. Other Applications
- 10.1. Market Analysis, Insights and Forecast - by Form
- 11. United States Cobalt Market Analysis, Insights and Forecast, 2020-2032
- 11.1. Market Analysis, Insights and Forecast - by Form
- 11.1.1. Chemical Compound
- 11.1.2. Metal
- 11.1.3. Purchased Scrap
- 11.2. Market Analysis, Insights and Forecast - by Application
- 11.2.1. Batteries
- 11.2.2. Alloys
- 11.2.3. Catalysts
- 11.2.4. Tool Materials
- 11.2.5. Magnets
- 11.2.6. Ceramics and Pigments
- 11.2.7. Other Applications
- 11.1. Market Analysis, Insights and Forecast - by Form
- 12. Canada Cobalt Market Analysis, Insights and Forecast, 2020-2032
- 12.1. Market Analysis, Insights and Forecast - by Form
- 12.1.1. Chemical Compound
- 12.1.2. Metal
- 12.1.3. Purchased Scrap
- 12.2. Market Analysis, Insights and Forecast - by Application
- 12.2.1. Batteries
- 12.2.2. Alloys
- 12.2.3. Catalysts
- 12.2.4. Tool Materials
- 12.2.5. Magnets
- 12.2.6. Ceramics and Pigments
- 12.2.7. Other Applications
- 12.1. Market Analysis, Insights and Forecast - by Form
- 13. Mexico Cobalt Market Analysis, Insights and Forecast, 2020-2032
- 13.1. Market Analysis, Insights and Forecast - by Form
- 13.1.1. Chemical Compound
- 13.1.2. Metal
- 13.1.3. Purchased Scrap
- 13.2. Market Analysis, Insights and Forecast - by Application
- 13.2.1. Batteries
- 13.2.2. Alloys
- 13.2.3. Catalysts
- 13.2.4. Tool Materials
- 13.2.5. Magnets
- 13.2.6. Ceramics and Pigments
- 13.2.7. Other Applications
- 13.1. Market Analysis, Insights and Forecast - by Form
- 14. Germany Cobalt Market Analysis, Insights and Forecast, 2020-2032
- 14.1. Market Analysis, Insights and Forecast - by Form
- 14.1.1. Chemical Compound
- 14.1.2. Metal
- 14.1.3. Purchased Scrap
- 14.2. Market Analysis, Insights and Forecast - by Application
- 14.2.1. Batteries
- 14.2.2. Alloys
- 14.2.3. Catalysts
- 14.2.4. Tool Materials
- 14.2.5. Magnets
- 14.2.6. Ceramics and Pigments
- 14.2.7. Other Applications
- 14.1. Market Analysis, Insights and Forecast - by Form
- 15. United Kingdom Cobalt Market Analysis, Insights and Forecast, 2020-2032
- 15.1. Market Analysis, Insights and Forecast - by Form
- 15.1.1. Chemical Compound
- 15.1.2. Metal
- 15.1.3. Purchased Scrap
- 15.2. Market Analysis, Insights and Forecast - by Application
- 15.2.1. Batteries
- 15.2.2. Alloys
- 15.2.3. Catalysts
- 15.2.4. Tool Materials
- 15.2.5. Magnets
- 15.2.6. Ceramics and Pigments
- 15.2.7. Other Applications
- 15.1. Market Analysis, Insights and Forecast - by Form
- 16. Italy Cobalt Market Analysis, Insights and Forecast, 2020-2032
- 16.1. Market Analysis, Insights and Forecast - by Form
- 16.1.1. Chemical Compound
- 16.1.2. Metal
- 16.1.3. Purchased Scrap
- 16.2. Market Analysis, Insights and Forecast - by Application
- 16.2.1. Batteries
- 16.2.2. Alloys
- 16.2.3. Catalysts
- 16.2.4. Tool Materials
- 16.2.5. Magnets
- 16.2.6. Ceramics and Pigments
- 16.2.7. Other Applications
- 16.1. Market Analysis, Insights and Forecast - by Form
- 17. France Cobalt Market Analysis, Insights and Forecast, 2020-2032
- 17.1. Market Analysis, Insights and Forecast - by Form
- 17.1.1. Chemical Compound
- 17.1.2. Metal
- 17.1.3. Purchased Scrap
- 17.2. Market Analysis, Insights and Forecast - by Application
- 17.2.1. Batteries
- 17.2.2. Alloys
- 17.2.3. Catalysts
- 17.2.4. Tool Materials
- 17.2.5. Magnets
- 17.2.6. Ceramics and Pigments
- 17.2.7. Other Applications
- 17.1. Market Analysis, Insights and Forecast - by Form
- 18. Rest of Europe Cobalt Market Analysis, Insights and Forecast, 2020-2032
- 18.1. Market Analysis, Insights and Forecast - by Form
- 18.1.1. Chemical Compound
- 18.1.2. Metal
- 18.1.3. Purchased Scrap
- 18.2. Market Analysis, Insights and Forecast - by Application
- 18.2.1. Batteries
- 18.2.2. Alloys
- 18.2.3. Catalysts
- 18.2.4. Tool Materials
- 18.2.5. Magnets
- 18.2.6. Ceramics and Pigments
- 18.2.7. Other Applications
- 18.1. Market Analysis, Insights and Forecast - by Form
- 19. South America Cobalt Market Analysis, Insights and Forecast, 2020-2032
- 19.1. Market Analysis, Insights and Forecast - by Form
- 19.1.1. Chemical Compound
- 19.1.2. Metal
- 19.1.3. Purchased Scrap
- 19.2. Market Analysis, Insights and Forecast - by Application
- 19.2.1. Batteries
- 19.2.2. Alloys
- 19.2.3. Catalysts
- 19.2.4. Tool Materials
- 19.2.5. Magnets
- 19.2.6. Ceramics and Pigments
- 19.2.7. Other Applications
- 19.1. Market Analysis, Insights and Forecast - by Form
- 20. Middle East and Africa Cobalt Market Analysis, Insights and Forecast, 2020-2032
- 20.1. Market Analysis, Insights and Forecast - by Form
- 20.1.1. Chemical Compound
- 20.1.2. Metal
- 20.1.3. Purchased Scrap
- 20.2. Market Analysis, Insights and Forecast - by Application
- 20.2.1. Batteries
- 20.2.2. Alloys
- 20.2.3. Catalysts
- 20.2.4. Tool Materials
- 20.2.5. Magnets
- 20.2.6. Ceramics and Pigments
- 20.2.7. Other Applications
- 20.1. Market Analysis, Insights and Forecast - by Form
- 21. Competitive Analysis
- 21.1. Global Market Share Analysis 2025
- 21.2. Company Profiles
- 21.2.1 BHP
- 21.2.1.1. Overview
- 21.2.1.2. Products
- 21.2.1.3. SWOT Analysis
- 21.2.1.4. Recent Developments
- 21.2.1.5. Financials (Based on Availability)
- 21.2.2 CMOC
- 21.2.2.1. Overview
- 21.2.2.2. Products
- 21.2.2.3. SWOT Analysis
- 21.2.2.4. Recent Developments
- 21.2.2.5. Financials (Based on Availability)
- 21.2.3 Cobalt Blue Holdings Limited
- 21.2.3.1. Overview
- 21.2.3.2. Products
- 21.2.3.3. SWOT Analysis
- 21.2.3.4. Recent Developments
- 21.2.3.5. Financials (Based on Availability)
- 21.2.4 Eramet
- 21.2.4.1. Overview
- 21.2.4.2. Products
- 21.2.4.3. SWOT Analysis
- 21.2.4.4. Recent Developments
- 21.2.4.5. Financials (Based on Availability)
- 21.2.5 Eurasian Resources Group
- 21.2.5.1. Overview
- 21.2.5.2. Products
- 21.2.5.3. SWOT Analysis
- 21.2.5.4. Recent Developments
- 21.2.5.5. Financials (Based on Availability)
- 21.2.6 Gécamines SA
- 21.2.6.1. Overview
- 21.2.6.2. Products
- 21.2.6.3. SWOT Analysis
- 21.2.6.4. Recent Developments
- 21.2.6.5. Financials (Based on Availability)
- 21.2.7 Glencore
- 21.2.7.1. Overview
- 21.2.7.2. Products
- 21.2.7.3. SWOT Analysis
- 21.2.7.4. Recent Developments
- 21.2.7.5. Financials (Based on Availability)
- 21.2.8 Huayou Cobalt Co Ltd
- 21.2.8.1. Overview
- 21.2.8.2. Products
- 21.2.8.3. SWOT Analysis
- 21.2.8.4. Recent Developments
- 21.2.8.5. Financials (Based on Availability)
- 21.2.9 Jervois
- 21.2.9.1. Overview
- 21.2.9.2. Products
- 21.2.9.3. SWOT Analysis
- 21.2.9.4. Recent Developments
- 21.2.9.5. Financials (Based on Availability)
- 21.2.10 Jinchuan Group International Resources Co Ltd
- 21.2.10.1. Overview
- 21.2.10.2. Products
- 21.2.10.3. SWOT Analysis
- 21.2.10.4. Recent Developments
- 21.2.10.5. Financials (Based on Availability)
- 21.2.11 Panoramic Resources
- 21.2.11.1. Overview
- 21.2.11.2. Products
- 21.2.11.3. SWOT Analysis
- 21.2.11.4. Recent Developments
- 21.2.11.5. Financials (Based on Availability)
- 21.2.12 Sherritt International Corporation
- 21.2.12.1. Overview
- 21.2.12.2. Products
- 21.2.12.3. SWOT Analysis
- 21.2.12.4. Recent Developments
- 21.2.12.5. Financials (Based on Availability)
- 21.2.13 Umicore NV
- 21.2.13.1. Overview
- 21.2.13.2. Products
- 21.2.13.3. SWOT Analysis
- 21.2.13.4. Recent Developments
- 21.2.13.5. Financials (Based on Availability)
- 21.2.14 Vale
- 21.2.14.1. Overview
- 21.2.14.2. Products
- 21.2.14.3. SWOT Analysis
- 21.2.14.4. Recent Developments
- 21.2.14.5. Financials (Based on Availability)
- 21.2.15 Wheaton Precious Metals Corp*List Not Exhaustive
- 21.2.15.1. Overview
- 21.2.15.2. Products
- 21.2.15.3. SWOT Analysis
- 21.2.15.4. Recent Developments
- 21.2.15.5. Financials (Based on Availability)
- 21.2.1 BHP
List of Figures
- Figure 1: Global Cobalt Market Revenue Breakdown (Million, %) by Region 2025 & 2033
- Figure 2: China Cobalt Market Revenue (Million), by Form 2025 & 2033
- Figure 3: China Cobalt Market Revenue Share (%), by Form 2025 & 2033
- Figure 4: China Cobalt Market Revenue (Million), by Application 2025 & 2033
- Figure 5: China Cobalt Market Revenue Share (%), by Application 2025 & 2033
- Figure 6: China Cobalt Market Revenue (Million), by Country 2025 & 2033
- Figure 7: China Cobalt Market Revenue Share (%), by Country 2025 & 2033
- Figure 8: India Cobalt Market Revenue (Million), by Form 2025 & 2033
- Figure 9: India Cobalt Market Revenue Share (%), by Form 2025 & 2033
- Figure 10: India Cobalt Market Revenue (Million), by Application 2025 & 2033
- Figure 11: India Cobalt Market Revenue Share (%), by Application 2025 & 2033
- Figure 12: India Cobalt Market Revenue (Million), by Country 2025 & 2033
- Figure 13: India Cobalt Market Revenue Share (%), by Country 2025 & 2033
- Figure 14: Japan Cobalt Market Revenue (Million), by Form 2025 & 2033
- Figure 15: Japan Cobalt Market Revenue Share (%), by Form 2025 & 2033
- Figure 16: Japan Cobalt Market Revenue (Million), by Application 2025 & 2033
- Figure 17: Japan Cobalt Market Revenue Share (%), by Application 2025 & 2033
- Figure 18: Japan Cobalt Market Revenue (Million), by Country 2025 & 2033
- Figure 19: Japan Cobalt Market Revenue Share (%), by Country 2025 & 2033
- Figure 20: South Korea Cobalt Market Revenue (Million), by Form 2025 & 2033
- Figure 21: South Korea Cobalt Market Revenue Share (%), by Form 2025 & 2033
- Figure 22: South Korea Cobalt Market Revenue (Million), by Application 2025 & 2033
- Figure 23: South Korea Cobalt Market Revenue Share (%), by Application 2025 & 2033
- Figure 24: South Korea Cobalt Market Revenue (Million), by Country 2025 & 2033
- Figure 25: South Korea Cobalt Market Revenue Share (%), by Country 2025 & 2033
- Figure 26: Rest of Asia Pacific Cobalt Market Revenue (Million), by Form 2025 & 2033
- Figure 27: Rest of Asia Pacific Cobalt Market Revenue Share (%), by Form 2025 & 2033
- Figure 28: Rest of Asia Pacific Cobalt Market Revenue (Million), by Application 2025 & 2033
- Figure 29: Rest of Asia Pacific Cobalt Market Revenue Share (%), by Application 2025 & 2033
- Figure 30: Rest of Asia Pacific Cobalt Market Revenue (Million), by Country 2025 & 2033
- Figure 31: Rest of Asia Pacific Cobalt Market Revenue Share (%), by Country 2025 & 2033
- Figure 32: United States Cobalt Market Revenue (Million), by Form 2025 & 2033
- Figure 33: United States Cobalt Market Revenue Share (%), by Form 2025 & 2033
- Figure 34: United States Cobalt Market Revenue (Million), by Application 2025 & 2033
- Figure 35: United States Cobalt Market Revenue Share (%), by Application 2025 & 2033
- Figure 36: United States Cobalt Market Revenue (Million), by Country 2025 & 2033
- Figure 37: United States Cobalt Market Revenue Share (%), by Country 2025 & 2033
- Figure 38: Canada Cobalt Market Revenue (Million), by Form 2025 & 2033
- Figure 39: Canada Cobalt Market Revenue Share (%), by Form 2025 & 2033
- Figure 40: Canada Cobalt Market Revenue (Million), by Application 2025 & 2033
- Figure 41: Canada Cobalt Market Revenue Share (%), by Application 2025 & 2033
- Figure 42: Canada Cobalt Market Revenue (Million), by Country 2025 & 2033
- Figure 43: Canada Cobalt Market Revenue Share (%), by Country 2025 & 2033
- Figure 44: Mexico Cobalt Market Revenue (Million), by Form 2025 & 2033
- Figure 45: Mexico Cobalt Market Revenue Share (%), by Form 2025 & 2033
- Figure 46: Mexico Cobalt Market Revenue (Million), by Application 2025 & 2033
- Figure 47: Mexico Cobalt Market Revenue Share (%), by Application 2025 & 2033
- Figure 48: Mexico Cobalt Market Revenue (Million), by Country 2025 & 2033
- Figure 49: Mexico Cobalt Market Revenue Share (%), by Country 2025 & 2033
- Figure 50: Germany Cobalt Market Revenue (Million), by Form 2025 & 2033
- Figure 51: Germany Cobalt Market Revenue Share (%), by Form 2025 & 2033
- Figure 52: Germany Cobalt Market Revenue (Million), by Application 2025 & 2033
- Figure 53: Germany Cobalt Market Revenue Share (%), by Application 2025 & 2033
- Figure 54: Germany Cobalt Market Revenue (Million), by Country 2025 & 2033
- Figure 55: Germany Cobalt Market Revenue Share (%), by Country 2025 & 2033
- Figure 56: United Kingdom Cobalt Market Revenue (Million), by Form 2025 & 2033
- Figure 57: United Kingdom Cobalt Market Revenue Share (%), by Form 2025 & 2033
- Figure 58: United Kingdom Cobalt Market Revenue (Million), by Application 2025 & 2033
- Figure 59: United Kingdom Cobalt Market Revenue Share (%), by Application 2025 & 2033
- Figure 60: United Kingdom Cobalt Market Revenue (Million), by Country 2025 & 2033
- Figure 61: United Kingdom Cobalt Market Revenue Share (%), by Country 2025 & 2033
- Figure 62: Italy Cobalt Market Revenue (Million), by Form 2025 & 2033
- Figure 63: Italy Cobalt Market Revenue Share (%), by Form 2025 & 2033
- Figure 64: Italy Cobalt Market Revenue (Million), by Application 2025 & 2033
- Figure 65: Italy Cobalt Market Revenue Share (%), by Application 2025 & 2033
- Figure 66: Italy Cobalt Market Revenue (Million), by Country 2025 & 2033
- Figure 67: Italy Cobalt Market Revenue Share (%), by Country 2025 & 2033
- Figure 68: France Cobalt Market Revenue (Million), by Form 2025 & 2033
- Figure 69: France Cobalt Market Revenue Share (%), by Form 2025 & 2033
- Figure 70: France Cobalt Market Revenue (Million), by Application 2025 & 2033
- Figure 71: France Cobalt Market Revenue Share (%), by Application 2025 & 2033
- Figure 72: France Cobalt Market Revenue (Million), by Country 2025 & 2033
- Figure 73: France Cobalt Market Revenue Share (%), by Country 2025 & 2033
- Figure 74: Rest of Europe Cobalt Market Revenue (Million), by Form 2025 & 2033
- Figure 75: Rest of Europe Cobalt Market Revenue Share (%), by Form 2025 & 2033
- Figure 76: Rest of Europe Cobalt Market Revenue (Million), by Application 2025 & 2033
- Figure 77: Rest of Europe Cobalt Market Revenue Share (%), by Application 2025 & 2033
- Figure 78: Rest of Europe Cobalt Market Revenue (Million), by Country 2025 & 2033
- Figure 79: Rest of Europe Cobalt Market Revenue Share (%), by Country 2025 & 2033
- Figure 80: South America Cobalt Market Revenue (Million), by Form 2025 & 2033
- Figure 81: South America Cobalt Market Revenue Share (%), by Form 2025 & 2033
- Figure 82: South America Cobalt Market Revenue (Million), by Application 2025 & 2033
- Figure 83: South America Cobalt Market Revenue Share (%), by Application 2025 & 2033
- Figure 84: South America Cobalt Market Revenue (Million), by Country 2025 & 2033
- Figure 85: South America Cobalt Market Revenue Share (%), by Country 2025 & 2033
- Figure 86: Middle East and Africa Cobalt Market Revenue (Million), by Form 2025 & 2033
- Figure 87: Middle East and Africa Cobalt Market Revenue Share (%), by Form 2025 & 2033
- Figure 88: Middle East and Africa Cobalt Market Revenue (Million), by Application 2025 & 2033
- Figure 89: Middle East and Africa Cobalt Market Revenue Share (%), by Application 2025 & 2033
- Figure 90: Middle East and Africa Cobalt Market Revenue (Million), by Country 2025 & 2033
- Figure 91: Middle East and Africa Cobalt Market Revenue Share (%), by Country 2025 & 2033
List of Tables
- Table 1: Global Cobalt Market Revenue Million Forecast, by Form 2020 & 2033
- Table 2: Global Cobalt Market Revenue Million Forecast, by Application 2020 & 2033
- Table 3: Global Cobalt Market Revenue Million Forecast, by Region 2020 & 2033
- Table 4: Global Cobalt Market Revenue Million Forecast, by Form 2020 & 2033
- Table 5: Global Cobalt Market Revenue Million Forecast, by Application 2020 & 2033
- Table 6: Global Cobalt Market Revenue Million Forecast, by Country 2020 & 2033
- Table 7: Global Cobalt Market Revenue Million Forecast, by Form 2020 & 2033
- Table 8: Global Cobalt Market Revenue Million Forecast, by Application 2020 & 2033
- Table 9: Global Cobalt Market Revenue Million Forecast, by Country 2020 & 2033
- Table 10: Global Cobalt Market Revenue Million Forecast, by Form 2020 & 2033
- Table 11: Global Cobalt Market Revenue Million Forecast, by Application 2020 & 2033
- Table 12: Global Cobalt Market Revenue Million Forecast, by Country 2020 & 2033
- Table 13: Global Cobalt Market Revenue Million Forecast, by Form 2020 & 2033
- Table 14: Global Cobalt Market Revenue Million Forecast, by Application 2020 & 2033
- Table 15: Global Cobalt Market Revenue Million Forecast, by Country 2020 & 2033
- Table 16: Global Cobalt Market Revenue Million Forecast, by Form 2020 & 2033
- Table 17: Global Cobalt Market Revenue Million Forecast, by Application 2020 & 2033
- Table 18: Global Cobalt Market Revenue Million Forecast, by Country 2020 & 2033
- Table 19: North America Cobalt Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 20: Global Cobalt Market Revenue Million Forecast, by Form 2020 & 2033
- Table 21: Global Cobalt Market Revenue Million Forecast, by Application 2020 & 2033
- Table 22: Global Cobalt Market Revenue Million Forecast, by Country 2020 & 2033
- Table 23: Global Cobalt Market Revenue Million Forecast, by Form 2020 & 2033
- Table 24: Global Cobalt Market Revenue Million Forecast, by Application 2020 & 2033
- Table 25: Global Cobalt Market Revenue Million Forecast, by Country 2020 & 2033
- Table 26: Global Cobalt Market Revenue Million Forecast, by Form 2020 & 2033
- Table 27: Global Cobalt Market Revenue Million Forecast, by Application 2020 & 2033
- Table 28: Global Cobalt Market Revenue Million Forecast, by Country 2020 & 2033
- Table 29: Europe Cobalt Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 30: Global Cobalt Market Revenue Million Forecast, by Form 2020 & 2033
- Table 31: Global Cobalt Market Revenue Million Forecast, by Application 2020 & 2033
- Table 32: Global Cobalt Market Revenue Million Forecast, by Country 2020 & 2033
- Table 33: Global Cobalt Market Revenue Million Forecast, by Form 2020 & 2033
- Table 34: Global Cobalt Market Revenue Million Forecast, by Application 2020 & 2033
- Table 35: Global Cobalt Market Revenue Million Forecast, by Country 2020 & 2033
- Table 36: Global Cobalt Market Revenue Million Forecast, by Form 2020 & 2033
- Table 37: Global Cobalt Market Revenue Million Forecast, by Application 2020 & 2033
- Table 38: Global Cobalt Market Revenue Million Forecast, by Country 2020 & 2033
- Table 39: Global Cobalt Market Revenue Million Forecast, by Form 2020 & 2033
- Table 40: Global Cobalt Market Revenue Million Forecast, by Application 2020 & 2033
- Table 41: Global Cobalt Market Revenue Million Forecast, by Country 2020 & 2033
- Table 42: Global Cobalt Market Revenue Million Forecast, by Form 2020 & 2033
- Table 43: Global Cobalt Market Revenue Million Forecast, by Application 2020 & 2033
- Table 44: Global Cobalt Market Revenue Million Forecast, by Country 2020 & 2033
- Table 45: Rest of the World Cobalt Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 46: Global Cobalt Market Revenue Million Forecast, by Form 2020 & 2033
- Table 47: Global Cobalt Market Revenue Million Forecast, by Application 2020 & 2033
- Table 48: Global Cobalt Market Revenue Million Forecast, by Country 2020 & 2033
- Table 49: Global Cobalt Market Revenue Million Forecast, by Form 2020 & 2033
- Table 50: Global Cobalt Market Revenue Million Forecast, by Application 2020 & 2033
- Table 51: Global Cobalt Market Revenue Million Forecast, by Country 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Cobalt Market?
The projected CAGR is approximately > 3.00%.
2. Which companies are prominent players in the Cobalt Market?
Key companies in the market include BHP, CMOC, Cobalt Blue Holdings Limited, Eramet, Eurasian Resources Group, Gécamines SA, Glencore, Huayou Cobalt Co Ltd, Jervois, Jinchuan Group International Resources Co Ltd, Panoramic Resources, Sherritt International Corporation, Umicore NV, Vale, Wheaton Precious Metals Corp*List Not Exhaustive.
3. What are the main segments of the Cobalt Market?
The market segments include Form, Application.
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
Extensive Usage in the Manufacturing of Rechargeable Batteries; Rising Usage in the Production of High Speed Cutting Tools.
6. What are the notable trends driving market growth?
The Batteries Segment is Expected to Dominate the Market.
7. Are there any restraints impacting market growth?
Extensive Usage in the Manufacturing of Rechargeable Batteries; Rising Usage in the Production of High Speed Cutting Tools.
8. Can you provide examples of recent developments in the market?
November 2023: Glencore signed an agreement with Teck Resources Limited for the acquisition of a 77% effective interest in the entirety of Teck’s steelmaking coal business, Elk Valley Resources. This acquisition amounted to USD 6.93 billion.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Cobalt Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Cobalt Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Cobalt Market?
To stay informed about further developments, trends, and reports in the Cobalt Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence