Cobalt
Battery metals
Watch and Edit are coming soon.
China refined 76% (IEA) of the world's cobalt in 2025; Democratic Republic of the Congo mined 73% (USGS).
76%
of the world's cobalt was refined in China in 2025, according to IEA · about 3 in 4
ANNUAL 2025
Leading mining country
73%
Democratic Republic of the Congo, 2025 (estimated), USGS
Leading refining country
76%
China, 2025, IEA
Sites on record
95
Mines and plants in the open sources. Coverage is partial. Also on record: 56 deposits and projects, which are not counted.
Recycling's share of EU demand
22%
2022, EU only
Overview
Cobalt is mostly a by-product of copper and nickel mining. Ore is processed into an intermediate (often hydroxide) and refined into sulphate for batteries or metal for alloys.
Map
- Share of world mine output
- Mine or brine operation
- Processing site
- Deposit or project (not a mine or a plant yet)
Sites are those in the open sources. A site missing here is missing from the sources, not from the world.
2025
Key facts
- Group
- Battery metals
- Stages in the atlas
- Reserves · Mine · Process · Refine · Component · Recycle
- World mine production, 2025
- 310 000 metric tons (estimated)
- World refinery production, 2025
- 238 kt Co
- Open price series
- None
Leading countries
Mine · USGS, 2025 (estimated)
- Congo (Kinshasa)about 3 in 473%
- Indonesiaabout 1 in 1014%
- Russia2.4%
- Madagascar1.2%
- Australia1.2%
The five largest shares of each stage's latest table. One source per stage; the Supply chain tab has every source and every row.
What the source does not cover
- No open price series for cobalt: the World Bank Pink Sheet does not cover it, and the price services that do are licensed, so no price is shown.
Supply chain
Every stage with its table by country, the flow between stages, the largest recorded trade flows and the sites on record.
Reserves
Concentration
ANNUAL 2025Congo (Kinshasa) holds about half (50 %) of the world's cobalt reserves recorded here.
Reserves · 2025
(Data in metric tons, cobalt content, unless otherwise specified)
- Top 3 countries
- 70.8 %
- Congo (Kinshasa), Australia, Russia
Who holds what
- Congo (Kinshasa)6 000 000 t50.0 %
- Australia1 700 000 t14.2 %
- Russia800 000 t6.7 %
- Other countries780 000 t6.5 %
- Indonesia760 000 t6.3 %
- Cuba500 000 t4.2 %
- Philippines260 000 t2.2 %
- Canada220 000 t1.8 %
- China160 000 t1.3 %
- Madagascar100 000 t0.8 %
- Turkey91 000 t0.8 %
- Papua New Guinea84 000 t0.7 %
- United States70 000 t0.6 %
- World total12 000 000 t
Mine
Concentration
ANNUAL 2025Congo (Kinshasa) mines about 3 in 4 (73 %) of the world's cobalt recorded here.
Mine production · 2025 (estimated)
(Data in metric tons, cobalt content, unless otherwise specified)
- Top 3 countries
- 89.5 %
- Congo (Kinshasa), Indonesia, Russia
Who holds what
- Congo (Kinshasa)230 000 t73.1 %
- Indonesia44 000 t14.0 %
- Other countries9 100 t2.9 %
- Russia7 700 t2.4 %
- Madagascar3 900 t1.2 %
- Australia3 700 t1.2 %
- Philippines3 700 t1.2 %
- Canada3 500 t1.1 %
- Papua New Guinea2 800 t0.9 %
- China2 000 t0.6 %
- Cuba2 000 t0.6 %
- Turkey1 900 t0.6 %
- United States300 t0.1 %
- World total310 000 t
Process
No data yet: Cobalt, process stage
We have no sourced record for this. We never fill gaps with estimates.
Help add it
Refine
Concentration
ANNUAL 2025China refines about 3 in 4 (76 %) of the world's cobalt recorded here.
Refining (IEA) · 2025
kt = kilotonnes. DRC = Democratic Republic of the Congo.
- Top 3 countries
- 86.6 %
- China, Finland, Japan
Who holds what
Component
No data yet: Cobalt, component stage
We have no sourced record for this. We never fill gaps with estimates.
Help add it
Recycle
No data yet: Cobalt, recycle stage
We have no sourced record for this. We never fill gaps with estimates.
Help add it
Flow through the stages
Bars are each country's share of one stage, taken from one source. Bands are trade flows that customs data record between two countries. The two are measured differently, so a band's width says nothing about a bar's height. Where the data records nothing, the diagram says so.
The diagram is wider than this screen. Swipe it sideways to see every stage.
- Bar: a country's share of the stage's output. Height is the share. Sources:Mine 2025Refine 2025
- Band: recorded trade, by value, 2024. In US dollars, not tonnes. Width compares flows of the same product only. A band runs from the exporter to the importer's place in the next stage; the data does not say what the importer did with the product. The data holds only the largest flows of the material: 40 of 1 856 flows, covering 80.2 % of traded value.
- Dashed band: the customs code mixes grades or forms, so the stage of the product is uncertain. The table marks these with ≈.
- Dashed box: a country that appears in a recorded trade flow but has no row in this stage's table. It has no share.
- Not recorded: material processed in the country that mined it. Trade data only sees border crossings. A dotted line joins a country that appears in two neighbouring tables.
- Return arrow: recycling's share of EU demand (end-of-life recycling input rate). EU only, so it cannot be compared with the world shares above. Width: 1 px at 0 % to 10 px at 100 %.
Table of what is drawn (34 country marks, 40 trade flows)
| Stage | Country | Share | Amount | Source |
|---|---|---|---|---|
| Mine 2025 | DRC | 65.6 % | 210 kt Co | |
| Mine 2025 | Indonesia | 15.0 % | 48 kt Co | |
| Mine 2025 | Russia | 2.5 % | 8 kt Co | |
| Mine 2025 | China | 2.2 % | 7 kt Co | |
| Mine 2025 | Australia | 1.3 % | 4 kt Co | |
| Mine 2025 | Zambia | 1.3 % | 4 kt Co | |
| Mine 2025 | Other / not attributed | 12.2 % | 39 kt Cothe source's own "other" row | |
| Refine 2025 | China | 75.6 % | 180 kt Co | |
| Refine 2025 | Finland | 8.4 % | 20 kt Co | |
| Refine 2025 | Japan | 2.5 % | 6 kt Co | |
| Refine 2025 | Indonesia | 2.5 % | 6 kt Co | |
| Refine 2025 | Canada | 2.5 % | 6 kt Co | |
| Refine 2025 | Norway | 1.3 % | 3 kt Co | |
| Refine 2025 | Other / not attributed | 7.1 % | 17 kt Cothe source's own "other" row |
Countries drawn as dashed boxes (in trade flows only)
- Process: Dem. Rep. of the Congo; Namibia; Finland; Zambia; China; Morocco
- Refine: Dem. Rep. of the Congo; Namibia; USA; South Africa; Belgium-Luxembourg (...1998); Australia; 12 more countries (Zambia, Rep. of Korea, Madagascar, Philippines, Malaysia, Mozambique, Congo, Russian Federation, Fed. Rep. of Germany (...1990), Morocco, Saudi Arabia, Switzerland)
- Component: China; USA; Japan; Other Asia, nes; Netherlands; Belgium-Luxembourg (...1998); 7 more countries (Malaysia, Norway, Fed. Rep. of Germany (...1990), Rep. of Korea, Ireland, United Kingdom, France)
Recycling loop
- Cobalt: 22.0 % (2022, European Union)
Largest trade flows · 2024
Reconciled customs data (CEPII BACI), by value. Trade data lags: this is the latest complete year. 40 of 1 856 flows shown, covering 80.2 % of traded value.
| From → to | Product of stage | Million USD | Source |
|---|---|---|---|
| Dem. Rep. of the Congo → China | Refine ≈ | 3 019.5 | |
| Dem. Rep. of the Congo → Namibia | Process ≈ | 142.3 | |
| Norway → USA | Refine ≈ | 85.4 | |
| Zambia → South Africa | Process ≈ | 79 | |
| Namibia → China | Process ≈ | 72.8 | |
| Australia → Other Asia, nes | Refine ≈ | 71.3 | |
| Dem. Rep. of the Congo → Zambia | Process ≈ | 67.2 | |
| Finland → Japan | Refine ≈ | 58.1 | |
| China → Rep. of Korea | Process ≈ | 56.8 | |
| Finland → Belgium-Luxembourg (...1998) | Process ≈ | 56 |
≈ marks a customs code that mixes grades or forms of the material, so stages cannot be told apart. Expert mode shows the codes.
Sites on record · 95 and 56 deposits and projects
151 of 151 shown
- AguablancaMine · Spain
- AmbatovyMine · Madagascar
- BarbaraMine · Australia
- BasilDeposit (no mine) · Australia
- Battery Materials ParkProject (not producing yet) · Canada
- BroadhurstDeposit (no mine) · Australia
- Broken HillDeposit (no mine) · Australia
- Broken Hill CobaltDeposit (no mine) · Australia
- Bulong-NiRefinery · Australia
- BungoniaDeposit (no mine) · Australia
- Burns CentralDeposit (no mine) · Australia
- Canadian Electrolytic Zinc Limited (CEZinc)Refinery · Canada
- CangaiDeposit (no mine) · Australia
- Capricorn CopperMine · Australia
- Carlow CastleDeposit (no mine) · Australia
- Cawse-Ni-CoRefinery · Australia
- Clarabelle Mill (Sudbury Operations)Mine · Canada
- Coleman (Sudbury Operations)Mine · Canada
- COMMUSMine · Democratic Republic of the Congo
- Copper Cliff (Sudbury Operations)Mine · Canada
- Coral Bay Nickel CorporationRefinery · Philippines
- CrawfordProject (not producing yet) · Canada
- Crean HillProject (not producing yet) · Canada
- Creighton (Sudbury Operations)Mine · Canada
- Darwin Co-CuRefinery · Australia
- Decar (Baptiste)Project (not producing yet) · Canada
- Demonstration-Broken Hill-CoRefinery · Australia
- DesolationDeposit (no mine) · Australia
- Deziwa MineMine · Democratic Republic of the Congo
- Duck CreekDeposit (no mine) · Australia
- Dumont NickelProject (not producing yet) · Canada
- Emmie BluffDeposit (no mine) · Australia
- Ernest HenryMine · Australia
- Ferguson LakeProject (not producing yet) · Canada
- Fortune Minerals RefineryProject (not producing yet) · Canada
- Fraser (Sudbury INO)Mine · Canada
- Fwaulu MineMine · Democratic Republic of the Congo
- G E C A M I N E SMine · Democratic Republic of the Congo
- Garson (Sudbury Operations)Mine · Canada
- Goongarrie-Ni-CoRefinery · Australia
- Great Australia ComplexMine · Australia
- GreenmountDeposit (no mine) · Australia
- Home of BullionDeposit (no mine) · Australia
- HorseshoeDeposit (no mine) · Australia
- Jasper BlockDeposit (no mine) · Australia
- Kabwe PitMine · Democratic Republic of the Congo
- Kakalalwe PitMine · Democratic Republic of the Congo
- Kakavilondo PitMine · Democratic Republic of the Congo
- Kalgoorlie-NiSmelter · Australia
- KalkarooDeposit (no mine) · Australia
- Kansalawile MineMine · Democratic Republic of the Congo
- Katanga Mining ComplexMine · Democratic Republic of the Congo
- Katanga Mining Complex (Kamoto)Mine · Democratic Republic of the Congo
- Katanga Mining Complex (KOV)Mine · Democratic Republic of the Congo
- Katuto PitMine · Democratic Republic of the Congo
- Kazinyanga PitMine · Democratic Republic of the Congo
- KenbridgeProject (not producing yet) · Canada
- KevitsaMine · Finland
- Kisanfu MineMine · Democratic Republic of the Congo
- KiskamavaaraDeposit (no mine) · Sweden
- KuridalaDeposit (no mine) · Australia
- Kwinana-Co-NiRefinery · Australia
- Kwinana-Ni-CoRefinery · Australia
- Kwinana-pCAMProcessing plant · Australia
- KylylahtiMine · Finland
- L'Etoile du Congo MineMine · Democratic Republic of the Congo
- Lac des IlesMine · Canada
- Leta PitMine · Democratic Republic of the Congo
- Long HarbourRefinery · Canada
- Lynn LakeProject (not producing yet) · Canada
- Maki MineMine · United States
- Mambilima MineMine · Democratic Republic of the Congo
- MaroochydoreDeposit (no mine) · Australia
- Mashitu MineMine · Democratic Republic of the Congo
- McCabeDeposit (no mine) · Australia
- McCreedy WestMine · Canada
- MG14-WindaboutDeposit (no mine) · Australia
- MillenniumDeposit (no mine) · Australia
- Mina La VariableMine · Spain
- Mine Bou AzzerMine · Morocco
- Mine Bou AzzerMine · Morocco
- Mine Bou AzzerMine · Morocco
- Minyari DomeDeposit (no mine) · Australia
- MM (Makwa Mayville)Project (not producing yet) · Canada
- Moa Bay MineMine · Cuba
- Moa Bay processing plantProcessing plant · Cuba
- ModikwaMine · South Africa
- MopaniMine · Zambia
- Mount CobaltDeposit (no mine) · Australia
- Mount IsaMine · Australia
- Mount MulcahyDeposit (no mine) · Australia
- Mount OxideDeposit (no mine) · Australia
- Mount TaborDeposit (no mine) · Australia
- Mount Thirsty-Ni-CoRefinery · Australia
- Mudilandima MineMine · Democratic Republic of the Congo
- Murrin MurrinMine · Australia
- Murrin Murrin 14GPMine · Australia
- Murrin Murrin 6Mine · Australia
- Murrin Murrin-Ni-CoRefinery · Australia
- Murrin South OperationsMine · Australia
- MutandaMine · Democratic Republic of the Congo
- MutoorooDeposit (no mine) · Australia
- Mwadinkomba East MineMine · Democratic Republic of the Congo
- Mwadinkomba West MineMine · Democratic Republic of the Congo
- New HopeDeposit (no mine) · Australia
- Nickel Rim SouthMine · Canada
- Nickel ShawProject (not producing yet) · Canada
- NICOProject (not producing yet) · Canada
- NikkelverkSmelter · Norway
- NkomatiMine · South Africa
- Nunavik NickelMine · Canada
- Onaping DepthProject (not producing yet) · Canada
- Opemiska DivisionProject (not producing yet) · Canada
- OverlanderDeposit (no mine) · Australia
- Peko TailingsMine · Australia
- PerrinvaleDeposit (no mine) · Australia
- Port ColborneRefinery · Canada
- PortiaMine · Australia
- Pumpi MineMine · Democratic Republic of the Congo
- RaglanMine · Canada
- RavensthorpeMine · Australia
- Ravensthorpe-Ni-CoRefinery · Australia
- Rio TubaMine · Philippines
- River ValleyProject (not producing yet) · Canada
- RocklandsMine · Australia
- RönnbäcknäsetDeposit (no mine) · Sweden
- RörmyrbergetDeposit (no mine) · Sweden
- RuashiMine · Democratic Republic of the Congo
- Shadirandzoro MineMine · Democratic Republic of the Congo
- ShakespeareProject (not producing yet) · Canada
- Shaw DomeProject (not producing yet) · Canada
- Shimbidi PitMine · Democratic Republic of the Congo
- Shinkusu MineMine · Democratic Republic of the Congo
- SierkavareDeposit (no mine) · Sweden
- Stobie (Sudbury Operations)Mine · Canada
- Strathcona Mill (Sudbury INO)Mine · Canada
- SudburySmelter · Canada
- TECH-Ni-Co-HPARefinery · Australia
- Tenke FungurumeMine · Democratic Republic of the Congo
- The Cobalt Refinery Company Inc.Refinery · Canada
- Thompson (T-1 and T-3)Mine · Canada
- Tilwezembe MineMine · Democratic Republic of the Congo
- Totten (Sudbury Operations)Mine · Canada
- TurnagainProject (not producing yet) · Canada
- VictoriaProject (not producing yet) · Canada
- VinbergetDeposit (no mine) · Sweden
- Voisey’s BayMine · Canada
- VulcanDeposit (no mine) · Australia
- Wingellina-Ni-CoRefinery · Australia
- Yabulu-NiRefinery · Australia
- Young AustralianDeposit (no mine) · Australia
One entry per site. Where two sources describe the same site, the atlas lists the record of the source it ranks higher.
United States view: Cobalt
These figures describe the United States only. They are not global figures.
- Net import reliance · 2025
- 79 %
- Import sources · 2021-24
- Norway26 %
- Finland16 %
- Canada14 %
- Japan14 %
- Other30 %
- Scrap (circularity) · 2025 estimate
- Value 68 million USDDomestic 58.82 %Imported 29.41 %Exported 11.76 %
- Main uses
- Batteries and metallurgy.
Money
The open price series where one exists, and one estimate with its formula. No licensed market data is shown.
Price
There is no open price series for cobalt, so the atlas shows no price and no estimated value.
- No open price series for cobalt: the World Bank Pink Sheet does not cover it, and the price services that do are licensed, so no price is shown.
An estimated production value is computed only where an open price exists (copper and nickel). Why prices are missing
Investment pipeline
announced figuresPlanned and under-construction cobalt projects with a publicly announced capital cost, public financial backing, or both. Each line is one statement by the named publisher on the given date; the atlas adds nothing to it.
cobalt sulfate refineryPlannedProcessing
Electra Battery Materials Corporation · Temiskaming Shores · Canada · Cobalt
“early works program ... to prepare for the restart of full-scale construction” · status as printed on 2025-06-19
- Announced capital cost
USD 250 M2024-08-19
refinery project (release states all amounts in US dollars unless otherwise stated) · Electra Battery Materials Corporation
The publisher's words: “The $250 million refinery project is located north of Toronto, in Temiskaming Shores”
- Public backing
USD 20 MGrant · “awarded” · 2024-08-19
U.S. Department of Defense (Defense Production Act Title III)
The publisher's words: “it has been awarded $20 million by the U.S. Department of Defense”
Kabanga Nickel ProjectPlannedMine
Lifezone Metals Limited · northwestern Tanzania · Tanzania · Nickel, Copper, Cobalt
“on track for a Final Investment Decision (FID) in 2026” · status as printed on 2025-12-11
- Announced capital cost
USD 942 M2025-07-18
Pre-production capital costs, including 9.7% contingency (Feasibility Study, initial development phase) · Lifezone Metals Limited
The publisher's words: “Pre-production capital costs of $942 million, including 9.7% contingency.”
- Public backing
no amount statedLetter of interest · “Letter of Interest” · 2024-09-23
U.S. International Development Finance Corporation (DFC)
The publisher's words: “has received a Letter of Interest from the U.S. International Development Finance Corporation (DFC) that expressed DFC’s interest in considering the Project for loans”
A short, hand-read list, not a census: 19 projects in all. Announced amounts are not spending, a letter of interest or a conditional commitment is not a loan, and amounts stay in the currency of the announcement.
Public support instruments
Stockpiles, price floors, offtake and purchasing programmes and public funds whose source names cobalt, and general critical-minerals instruments (marked). Each is one statement by its publisher.
2024-05-23in force from · European UnionJoint purchasingin force
The Critical Raw Materials Act obliges the Commission to run a demand-aggregation and joint-purchasing system for strategic raw materials and to set a benchmark for strategic stocks.
Covers: “strategic raw materials” · Materials: Cobalt, Copper, Gallium, Germanium, Lithium, Graphite, Nickel, Rare earths, Tungsten
The publisher's words: “The Commission shall set up and operate a system to aggregate the demand of interested undertakings consuming strategic raw materials established in the Union”
2 further statements from the source
joint negotiation of purchases allowed (Article 25(5))
The publisher's words: “may, on a transparent basis, jointly negotiate the purchase, including the prices or other terms and conditions of the purchasing agreement”
coordination of strategic stocks (Article 23)
The publisher's words: “shall adopt a benchmark indicating a safe level of Union strategic stocks of strategic raw materials”
2025-06-17announced · G7Other supportannounced
G7 leaders launched a Critical Minerals Action Plan with a roadmap for standards-based markets and a call for more public and private capital for critical minerals projects.
Covers: “critical minerals”
critical minerals in general; the source does not name cobalt
The publisher's words: “We will develop a roadmap to promote standards-based markets for critical minerals”
3 further statements from the source
launch of the plan
The publisher's words: “We are launching a G7 Critical Minerals Action Plan”
roadmap content
The publisher's words: “The roadmap will establish a set of criteria that constitute a minimum threshold for standards-based markets”
capital mobilisation
The publisher's words: “We encourage our export credit agencies and development finance institutions (DFIs) to identify more opportunities for collaboration”
2025-11-04published · CanadaFundannounced
Budget 2025 proposes a Critical Minerals Sovereign Fund at Natural Resources Canada for equity investments, loan guarantees and offtake agreements, and a First and Last Mile Fund.
CAD 2 bn · “$2 billion over five years, on a cash basis, starting in 2026-27”
Covers: “critical minerals projects and companies”
critical minerals in general; the source does not name cobalt
The publisher's words: “provide $2 billion over five years, on a cash basis, starting in 2026-27, to Natural Resources Canada to create the Critical Minerals Sovereign Fund”
3 further statements from the source
tools of the fund
The publisher's words: “including equity investments, loan guarantees, and offtake agreements”
First and Last Mile Fund
The publisher's words: “provide $371.8 million over four years, starting in 2026-27, to Natural Resources Canada to create the First and Last Mile Fund”
absorbs the Critical Minerals Infrastructure Fund
The publisher's words: “would absorb the Critical Minerals Infrastructure Fund and leverage its existing funding envelope to provide up to $1.5 billion in support through 2029-30”
2025-11-22published · United KingdomFundannounced
The UK critical minerals strategy Vision 2035 announces public funding for critical mineral projects and says stockpiling through procurement will be considered for the defence sector.
GBP 50 M · “up to £50 million”
Covers: “critical mineral projects in the UK”
critical minerals in general; the source does not name cobalt
The publisher's words: “funding of up to £50 million will be made available by DBT to support critical mineral projects”
2 further statements from the source
stockpiling under consideration
The publisher's words: “Measures could include stockpiling, including through procurement mechanisms”
later programme page (published 22 June 2026): grant share
The publisher's words: “with £45 million of this available as grant funding”
2025-12-03announced · European UnionFundannounced
The Commission adopted the RESourceEU Action Plan: project financing, a European Critical Raw Materials Centre, joint purchasing through the Raw Materials Platform and a stockpiling pilot.
EUR 3 bn · “up to €3 billion over the next 12 months”
Covers: “critical raw materials, such as rare earth elements, cobalt or lithium” · Materials: Rare earths, Cobalt, Lithium
The publisher's words: “The EU will mobilise up to €3 billion over the next 12 months to support concrete projects”
5 further statements from the source
adoption
The publisher's words: “The European Commission has adopted today the RESourceEU Action Plan”
European Critical Raw Materials Centre planned
The publisher's words: “In early 2026, the Commission will set up a European Critical Raw Materials Centre”
joint purchasing and offtake via the Raw Materials Platform
The publisher's words: “the Raw Materials Platform will facilitate the efforts of the companies to aggregate demand, jointly purchase strategic raw materials and secure offtake agreements”
stockpiling pilot
The publisher's words: “with a pilot scheme set to become operational in early 2026”
materials named
The publisher's words: “secure the EU's supply of critical raw materials, such as rare earth elements, cobalt or lithium”
2026-01-14signed · United StatesPrice floorannounced
Presidential proclamation under section 232 directing negotiations on imports of processed critical minerals, in which price floors for trade in critical minerals are to be considered.
Covers: “processed critical minerals and their derivative products (PCMDPs)”
critical minerals in general; the source does not name cobalt
The publisher's words: “the Secretary and the Trade Representative should consider price floors for trade in critical minerals and other trade-restricting measures”
2026-02-02announced · United StatesStockpileannounced
The Export-Import Bank approved a direct loan for Project Vault, a public-private partnership that is to establish a U.S. Strategic Critical Minerals Reserve storing raw materials for manufacturers.
USD 10 bn · “a Direct Loan of up to $10 billion”
Covers: “essential raw materials”
critical minerals in general; the source does not name cobalt
The publisher's words: “the EXIM Board of Directors approved a Direct Loan of up to $10 billion to Project Vault”
4 further statements from the source
what it establishes
The publisher's words: “a supply chain security initiative establishing the U.S. Strategic Critical Minerals Reserve”
storage
The publisher's words: “that will store essential raw materials in facilities across the United States”
borrower structure
The publisher's words: “providing long-term financing to a partnership between original equipment manufacturers and private sector capital providers”
later EXIM release of May 4, 2026 restating the loan
The publisher's words: “The transaction includes a direct loan of up to $10 billion”
There is no open price series for cobalt, so these instruments are listed without a chart.
These figures are informational, not financial advice.
Sustainability
Four indicators, the same on every profile. Each is a figure with its unit, year and source, or a plain statement that there is none.
Carbon
Grid-carbon proxy: the grid intensity of the refining countries, weighted by their share of refining.
473gCO2e/kWh
Higher than 17% of the other 6 materials with a computed proxy.
- Covers the countries behind 93% of refinery output (Refining (IEA), 2025).
- Average grid emissions intensity of the countries that refine the material, weighted by each country's share of refinery output in the source table. Countries without a grid figure are left out and the covered share is stated. A proxy for the electricity behind refining, not a product footprint: plants may run on their own power.
Water
Share of the material's mine sites on record that lie in high or extremely high baseline water stress.
5.6%of mine sites on record
Higher than 43% of the other 7 materials with rated mine sites.
- 4 of 72 sites with a class (72 mine and brine sites on record).
- Counted by site, not by tonnage: it is not a share of production.
- "Arid and Low Water Use" is a class of its own in the source and is not counted as high.
Land
Land visibly used by mining.
Not available per material: the area is mapped per country for all commodities together.
- Mapped from satellite images for all mining in a country. It cannot be attributed to one material or one site.
Circularity
Recycling's share of EU demand (end-of-life recycling input rate).
22%of EU demand
Higher than 88% of the other 8 elements in the atlas with a published EU rate.
- Published for the EU as a whole. It cannot be compared with world shares.
- End-of-life recycling input rate: the share of EU demand met by recycling old scrap. EU only. Values differ between assessment years partly because the method changed.
- 8 EU targets apply to this material; they are listed below.
There is no overall score: the four figures measure different things and are not added up. How to read these figures
The figures behind the indicators
Grid-carbon proxy for refining
estimated · proxy473gCO2e per kWh
Covers the countries behind 92.9% of refinery output (Refining (IEA), 2025)
| Country | Share of refining | Grid intensity | |
|---|---|---|---|
| China | 75.6% | 5282025 | |
| Finland | 8.4% | 592025 | |
| Japan | 2.5% | 4742025 | |
| Indonesia | 2.5% | 7052025 | |
| Canada | 2.5% | 1922025 | |
| Norway | 1.3% | 282025 |
Average grid emissions intensity of the countries that refine the material, weighted by each country's share of refinery output in the source table. Countries without a grid figure are left out and the covered share is stated. A proxy for the electricity behind refining, not a product footprint: plants may run on their own power.
Water stress where the mines are
estimated · by site5.6%of mine sites on record lie in high or extremely high water stress (4 of 72)
- Low (<10%)54 sites
- Low - Medium (10-20%)4 sites
- Medium - High (20-40%)2 sites
- High (40-80%)3 sites
- Extremely High (>80%)1 site
- Arid and Low Water Use8 sites
Of the mines and brine operations the atlas has on record for the material, the share that lies in a sub-basin with high or extremely high baseline water stress (WRI Aqueduct 4.0). Counted by site, not by tonnage: the atlas has no output figure for most sites, so this is not a share of production. "Arid and Low Water Use" is the source's own class for dry sub-basins with little demand; it is shown apart (hatched) because it is not a stress level.
Circularity
Recycling's share of EU demand (end-of-life recycling input rate)
| Material | 2013 | 2016 | 2019 | 2022 | |
|---|---|---|---|---|---|
| Cobalt | 16% | 0% | 22.1% | 22% |
End-of-life recycling input rate: the share of EU demand met by recycling old scrap. EU only. Values differ between assessment years partly because the method changed. The latest published figure is for 2022.
EU targets that apply
16% Recycled content in new batteries from 18 August 2031
Minimum recycled share in the active materials of industrial batteries above 2 kWh, electric vehicle batteries and SLI batteries
Legal text: “From 18 August 2031 … (a) 16 % cobalt;” Regulation (EU) 2023/1542 (Batteries Regulation), Article 8(2)(a) ↗
26% Recycled content in new batteries from 18 August 2036
Minimum recycled share in the active materials of industrial, electric vehicle, LMT and SLI batteries
Legal text: “From 18 August 2036 … (a) 26 % cobalt;” Regulation (EU) 2023/1542 (Batteries Regulation), Article 8(3)(a) ↗
90% Recovery from waste batteries from 31 December 2027
Share of the material that recycling of waste batteries must recover
Legal text: “No later than 31 December 2027 … (a) 90 % for cobalt;” Regulation (EU) 2023/1542 (Batteries Regulation), Annex XII, Part C, point 1 ↗
95% Recovery from waste batteries from 31 December 2031
Share of the material that recycling of waste batteries must recover
Legal text: “No later than 31 December 2031 … (a) 95 % for cobalt;” Regulation (EU) 2023/1542 (Batteries Regulation), Annex XII, Part C, point 2 ↗
10% EU extraction benchmark from 31 December 2030
EU extraction capacity, for strategic raw materials overall
Legal text: “by 2030 … at least 10 % of the Union’s annual consumption of strategic raw materials” Regulation (EU) 2024/1252 (Critical Raw Materials Act), Article 5(1)(a)(i) ↗
40% EU processing benchmark from 31 December 2030
EU processing capacity, for strategic raw materials overall
Legal text: “by 2030 … at least 40 % of the Union’s annual consumption of strategic raw materials” Regulation (EU) 2024/1252 (Critical Raw Materials Act), Article 5(1)(a)(ii) ↗
25% EU recycling benchmark from 31 December 2030
EU recycling capacity, for strategic raw materials overall
Legal text: “by 2030 … at least 25 % of the Union’s annual consumption of strategic raw materials” Regulation (EU) 2024/1252 (Critical Raw Materials Act), Article 5(1)(a)(iii) ↗
65% Single-country limit from 31 December 2030
Largest share of EU consumption that may come from one non-EU country, per strategic raw material and processing stage
Legal text: “by 2030 … no third country accounts for more than 65 % of the Union’s annual consumption of such a strategic raw material” Regulation (EU) 2024/1252 (Critical Raw Materials Act), Article 5(1)(b) ↗
Read in the original Official Journal version; later amendments are not reflected.
Risks & policy
Export controls in force
Compiled by USGS, effective January 2026. Not a live feed.
Chokepoints at sea
The atlas has no record of which minerals pass through which sea passage, so no chokepoint figure is attached to this profile. Current ship counts for the main passages are on the Live page. Open the Live page
What if?
Three calculators run on the figures of this profile. Each shows its formula and what it leaves out; none is a forecast.
What the atlas does not know about cobalt
How much of the chain is on record, which producer countries have no site in the atlas, how mining and refining compare, and whether a price is open.
Data coverage
Mines on record: 78.5% (7/12)
Plants on record: 3.8% (2/6)
Owner or operator known: 78.4% (6/12)
Assurance known: no public assurance list is ingested yet
Mines:79% of world output lies in countries with a record (7 of 12 countries)(Mine production, 2025)
Producer countries without a record: Indonesia 14%, Russia 2.4%, Papua New Guinea 0.9%, China 0.6%, Turkey 0.6%
Processing plants:3.8% of world output lies in countries with a record (2 of 6 countries)(Refining (IEA), 2025)
Producer countries without a record: China 76%, Finland 8.4%, Japan 2.5%, Indonesia 2.5%
Owners and operators:78% of world output lies in countries with a record (6 of 12 countries)(Mine production, 2025)
Producer countries without a record: Indonesia 14%, Russia 2.4%, Papua New Guinea 0.9%, China 0.6%, Turkey 0.6%, United States 0.1%
- Assurance: No public assurance list is ingested yet
A country in these lists marks missing data, not missing industry.
Mining and refining: who leads
IEA GCMO 2026, 2025
- Mining:DRC 66% (about 2 in 3), 2025
- Refining:China 76% (about 3 in 4), 2025
Price transparency
No open price series for cobalt: the services that publish one are licensed, so no price is shown.
Sources
Every source this profile uses, with its licence, the years its figures describe and how sure the figures are. Each chip on the profile opens the single record.
- CEPII BACI 202601 ↗40 records used
- Licence
- Etalab Open Licence 2.0
- As of
- 2024
- Confidence
- Estimated
- Geoscience Australia critical minerals 2025 ↗40 records used
- Licence
- CC-BY-4.0
- As of
- 2025
- Confidence
- Reported
- OpenStreetMap (Overpass) ↗31 records used
- Licence
- ODbL-1.0
- As of
- 2026
- Confidence
- Estimated
- NRCan critical minerals 2026 ↗20 records used
- Licence
- OGL-Canada-2.0
- As of
- 2026
- Confidence
- Reported
- NRCan Map 900A (2025) ↗20 records used
- Licence
- OGL-Canada-2.0
- As of
- 2025
- Confidence
- Reported
- WU Vienna mine database v1.0.3 ↗18 records used
- Licence
- CC-BY-4.0
- As of
- 2022
- Confidence
- Reported
- Geoscience Australia plants 2026 ↗15 records used
- Licence
- CC-BY-4.0
- As of
- 2026
- Confidence
- Reported
- USGS MCS 2026 ↗7 records used
- Licence
- CC0-1.0
- As of
- 2024–2026
- Confidence
- Reported · Estimated
- Ember Yearly Electricity Data ↗6 records used
- Licence
- CC-BY-4.0
- As of
- 2025
- Confidence
- Reported
- IEA GCMO 2026 ↗6 records used
- Licence
- CC-BY-4.0
- As of
- 2021–2025
- Confidence
- Reported
- Eurostat cei_srm010 (EOL-RIR) ↗5 records used
- Licence
- Eurostat reuse policy (reuse authorised with acknowledgement of the source)
- As of
- 2013–2022
- Confidence
- Reported
- SGU mineral resources 2026 ↗5 records used
- Licence
- CC0-1.0
- As of
- 2015–2023
- Confidence
- Reported
- USGS OFR 2017-1079 (Latin America and the Caribbean) ↗2 records used
- Licence
- Public domain (U.S. Government work)
- As of
- 2014
- Confidence
- Reported
- WRI Aqueduct 4.0 ↗1 record used
- Licence
- CC-BY-4.0
- As of
- 2023
- Confidence
- Estimated
Source registry for this material
- Mineral Commodity Summaries 2026 Data Release ↗, U.S. Geological Survey, National Minerals Information Center. Licence: CC0-1.0. annual (February).
- BACI bilateral trade flows at HS6 (version 202601) ↗, CEPII. Licence: Etalab Open Licence 2.0. annual.
- Contribution of recycled materials to raw materials demand, end-of-life recycling input rates (cei_srm010) ↗, Eurostat. Licence: Eurostat reuse policy (reuse authorised with acknowledgement of the source). every three years, with the EU critical raw materials assessment.
- Global Critical Minerals Outlook 2026 (annex supply tables) ↗, International Energy Agency. Licence: CC-BY-4.0. annual.
History & talk
Revision history and discussion are coming soon.
Every change to a figure will be listed here with its source, its credit and its review, and each profile will have a place to discuss it. Until then the data changes only when a source is updated, and every figure links to that source.