This statistic represents the global demand for cobalt used in batteries in 2017, with a forecast for 2025. Global demand for cobalt in batteries is expected to reach some 117 kilotons by 2025. Demand for cobalt in batteries is expected to double between 2017 and 2025.
Global demand for cobalt in batteries from 2017 to 2025
(in kilotons of refined metal)
Battery includes automotive, trucks and buses, 2- and 3-wheelers, machinery, grid storage, and consumer electronics.
*The 2025 figure is a projection under a base case scenario.
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McKinsey & Company. (June 14, 2018). Global demand for cobalt in batteries from 2017 to 2025 (in kilotons of refined metal) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/877648/global-demand-for-cobalt-in-batteries/
McKinsey & Company. "Global demand for cobalt in batteries from 2017 to 2025 (in kilotons of refined metal)." Chart. June 14, 2018. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/877648/global-demand-for-cobalt-in-batteries/
McKinsey & Company. (2018). Global demand for cobalt in batteries from 2017 to 2025 (in kilotons of refined metal). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/877648/global-demand-for-cobalt-in-batteries/
McKinsey & Company. "Global Demand for Cobalt in Batteries from 2017 to 2025 (in Kilotons of Refined Metal)." Statista, Statista Inc., 14 Jun 2018, https://www.statista.com/statistics/877648/global-demand-for-cobalt-in-batteries/
McKinsey & Company, Global demand for cobalt in batteries from 2017 to 2025 (in kilotons of refined metal) Statista, https://www.statista.com/statistics/877648/global-demand-for-cobalt-in-batteries/ (last visited December 22, 2024)
Global demand for cobalt in batteries from 2017 to 2025 (in kilotons of refined metal) [Graph], McKinsey & Company, June 14, 2018. [Online]. Available: https://www.statista.com/statistics/877648/global-demand-for-cobalt-in-batteries/
