The total global supply of refined cobalt is estimated to amount to 210,000 metric tons in 2023, an increase of 24 percent compared to 2022. Meanwhile, global refined cobalt demand is expected to amount to 205,000 metric tons in 2023, representing an increase of eight percent compared to 2022. Overall, experts are forecasting a cobalt market surplus of nearly 5,600 metric tons in 2023.
Forecast cobalt supply, demand, and market surplus worldwide in 2023 and 2024
(in metric tons)
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Reuters. (March 7, 2023). Forecast cobalt supply, demand, and market surplus worldwide in 2023 and 2024 (in metric tons) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1287968/forecast-global-cobalt-supply-and-demand/
Reuters. "Forecast cobalt supply, demand, and market surplus worldwide in 2023 and 2024 (in metric tons)." Chart. March 7, 2023. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1287968/forecast-global-cobalt-supply-and-demand/
Reuters. (2023). Forecast cobalt supply, demand, and market surplus worldwide in 2023 and 2024 (in metric tons). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1287968/forecast-global-cobalt-supply-and-demand/
Reuters. "Forecast Cobalt Supply, Demand, and Market Surplus Worldwide in 2023 and 2024 (in Metric Tons)." Statista, Statista Inc., 7 Mar 2023, https://www.statista.com/statistics/1287968/forecast-global-cobalt-supply-and-demand/
Reuters, Forecast cobalt supply, demand, and market surplus worldwide in 2023 and 2024 (in metric tons) Statista, https://www.statista.com/statistics/1287968/forecast-global-cobalt-supply-and-demand/ (last visited December 22, 2024)
Forecast cobalt supply, demand, and market surplus worldwide in 2023 and 2024 (in metric tons) [Graph], Reuters, March 7, 2023. [Online]. Available: https://www.statista.com/statistics/1287968/forecast-global-cobalt-supply-and-demand/
