This statistic shows the demand for cobalt worldwide from 2010 to 2017, with a forecast for 2025, by end use. In 2017, some 41 thousand tons of the global demand for cobalt was attributable to battery manufacturing.
Cobalt demand worldwide from 2010 to 2025, by end use
(in 1,000 tons)
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Cobalt demand worldwide from 2010 to 2025, by end use
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* Forecast.
** Includes automotive (hybrid-, plug-in hybrid-, and battery-electric vehicles), trucks and buses (light, medium, and heavy), two and three wheelers, machinery (forklifts and others), grid storage, and consumer electronics.
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McKinsey & Company (McKinsey Basic Materials Institute). (June 26, 2018). Cobalt demand worldwide from 2010 to 2025, by end use (in 1,000 tons) [Graph]. In Statista. Retrieved May 10, 2025, from https://www.statista.com/statistics/875814/cobalt-demand-worldwide-by-end-use/
McKinsey & Company (McKinsey Basic Materials Institute). "Cobalt demand worldwide from 2010 to 2025, by end use (in 1,000 tons)." Chart. June 26, 2018. Statista. Accessed May 10, 2025. https://www.statista.com/statistics/875814/cobalt-demand-worldwide-by-end-use/
McKinsey & Company (McKinsey Basic Materials Institute). (2018). Cobalt demand worldwide from 2010 to 2025, by end use (in 1,000 tons). Statista. Statista Inc.. Accessed: May 10, 2025. https://www.statista.com/statistics/875814/cobalt-demand-worldwide-by-end-use/
McKinsey & Company (McKinsey Basic Materials Institute). "Cobalt Demand Worldwide from 2010 to 2025, by End Use (in 1,000 Tons)." Statista, Statista Inc., 26 Jun 2018, https://www.statista.com/statistics/875814/cobalt-demand-worldwide-by-end-use/
McKinsey & Company (McKinsey Basic Materials Institute), Cobalt demand worldwide from 2010 to 2025, by end use (in 1,000 tons) Statista, https://www.statista.com/statistics/875814/cobalt-demand-worldwide-by-end-use/ (last visited May 10, 2025)
Cobalt demand worldwide from 2010 to 2025, by end use (in 1,000 tons) [Graph], McKinsey & Company (McKinsey Basic Materials Institute), June 26, 2018. [Online]. Available: https://www.statista.com/statistics/875814/cobalt-demand-worldwide-by-end-use/
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