Global cobalt reserves 2010-2024

Published by
Madhumitha Jaganmohan,
Mar 4, 2025

The total reserves of cobalt across the globe amounted to an estimated 11 million metric tons in 2024. Although cobalt is not especially rare, ranking 32nd in global abundance among metals, it has become an increasingly important commodity due to its use in batteries, as well as in alloys, chemicals and ceramics, cemented carbides, and more.  

Reserves of cobalt worldwide from 2010 to 2024 (in million metric tons)

CharacteristicReserves in million metric tons
2010 7.3
2011 7.5
2012 7.5
2013 7.2
2014 7.2
2015 7.1
2016 7
2017 7.1
2018 6.9
2019 7
2020 7.1
2021 7.6
2022 8.3
Showing entries 1 to 13 (15 entries in total)
Created with Highcharts 7.2.2Reserves in million metric tons7.37.37.57.57.57.57.27.27.27.27.17.1777.17.16.96.9777.17.17.67.68.38.311111111201020112012201320142015201620172018201920202021202220232024
02468101214

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Release date

February 2025

Region

Worldwide

Survey time period

2010 to 2024

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Statistics on " Cobalt industry worldwide "

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Overview

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