In 2023, the leading global cobalt application based on total demand was battery chemicals, which accounted for almost 130,000 metric tons of cobalt demand. The total global demand for cobalt has risen by 14 percent since 2022, with an increased demand for its use in superalloys, catalysts, and magnets. However, the global demand for cobalt in ceramics, electroplating, agricultural applications, and synthetic diamond production has decreased since 2022.
Demand for cobalt worldwide in 2023, by end use application
(in metric tons)
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Demand for cobalt worldwide in 2023, by end use application
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Jervois Mining. (June 28, 2023). Demand for cobalt worldwide in 2023, by end use application (in metric tons) [Graph]. In Statista. Retrieved April 20, 2025, from https://www.statista.com/statistics/1424142/global-cobalt-demand-by-end-use-application/
Jervois Mining. "Demand for cobalt worldwide in 2023, by end use application (in metric tons)." Chart. June 28, 2023. Statista. Accessed April 20, 2025. https://www.statista.com/statistics/1424142/global-cobalt-demand-by-end-use-application/
Jervois Mining. (2023). Demand for cobalt worldwide in 2023, by end use application (in metric tons). Statista. Statista Inc.. Accessed: April 20, 2025. https://www.statista.com/statistics/1424142/global-cobalt-demand-by-end-use-application/
Jervois Mining. "Demand for Cobalt Worldwide in 2023, by End Use Application (in Metric Tons)." Statista, Statista Inc., 28 Jun 2023, https://www.statista.com/statistics/1424142/global-cobalt-demand-by-end-use-application/
Jervois Mining, Demand for cobalt worldwide in 2023, by end use application (in metric tons) Statista, https://www.statista.com/statistics/1424142/global-cobalt-demand-by-end-use-application/ (last visited April 20, 2025)
Demand for cobalt worldwide in 2023, by end use application (in metric tons) [Graph], Jervois Mining, June 28, 2023. [Online]. Available: https://www.statista.com/statistics/1424142/global-cobalt-demand-by-end-use-application/
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