In 2022, countries classified as extremely unstable accounted for the largest share of global cobalt production. That year, 115,370 metric tons of cobalt was produced by extremely unstable countries. In comparison, about 14,440 metric tons of cobalt were produced by fairly stable countries, while none was produced by politically stable countries.
Production volume of cobalt worldwide in 2022, by political stability of producer countries
(in 1,000 metric tons)
According to the source, political stability is defined as "a measure of the perception of the likelihood that the government will be destabilized or overthrown by unconstitutional or violent means, including political violence and terrorism." Data from various dimensions of governance were analyzed to come up with a political stability score for each country. Scores fell between -2.5 and +2.5, with higher scores corresponding to higher levels of stability.
The source uses the following classes of political stability in their estimates: Less than -1.25: extremely unstable; -1.25 to 0: unstable; 0 to +1.25: fair; greater than +1.25: stable.
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BMLRT (Österreich). (March 27, 2024). Production volume of cobalt worldwide in 2022, by political stability of producer countries (in 1,000 metric tons) [Graph]. In Statista. Retrieved November 24, 2024, from https://www.statista.com/statistics/1313307/cobalt-production-by-political-stability-worldwide/
BMLRT (Österreich). "Production volume of cobalt worldwide in 2022, by political stability of producer countries (in 1,000 metric tons)." Chart. March 27, 2024. Statista. Accessed November 24, 2024. https://www.statista.com/statistics/1313307/cobalt-production-by-political-stability-worldwide/
BMLRT (Österreich). (2024). Production volume of cobalt worldwide in 2022, by political stability of producer countries (in 1,000 metric tons). Statista. Statista Inc.. Accessed: November 24, 2024. https://www.statista.com/statistics/1313307/cobalt-production-by-political-stability-worldwide/
BMLRT (Österreich). "Production Volume of Cobalt Worldwide in 2022, by Political Stability of Producer Countries (in 1,000 Metric Tons)." Statista, Statista Inc., 27 Mar 2024, https://www.statista.com/statistics/1313307/cobalt-production-by-political-stability-worldwide/
BMLRT (Österreich), Production volume of cobalt worldwide in 2022, by political stability of producer countries (in 1,000 metric tons) Statista, https://www.statista.com/statistics/1313307/cobalt-production-by-political-stability-worldwide/ (last visited November 24, 2024)
Production volume of cobalt worldwide in 2022, by political stability of producer countries (in 1,000 metric tons) [Graph], BMLRT (Österreich), March 27, 2024. [Online]. Available: https://www.statista.com/statistics/1313307/cobalt-production-by-political-stability-worldwide/
