*Figures from a previous edition of the press release from the source.
**Estimated as of July 2023.
***Forecast based on a CAGR of 12.6 percent during the period 2023-2030.
The market value of cobalt is anticipated to grow by more than double between 2023 and 2030, from an estimated **** billion U.S. dollars in 2023 to a forecast **** billion U.S. dollars in 2030. Cobalt is produced as a by-product of copper and nickel mining, and has become an important material for the production of lithium-ion batteries.
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Research and Markets. (July 31, 2023). Market value of cobalt worldwide from 2021 to 2023, with a forecast for 2030 (in million U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 22, 2026, from /statistics/1172037/global-cobalt-market-size/
Research and Markets. "Market value of cobalt worldwide from 2021 to 2023, with a forecast for 2030 (in million U.S. dollars)." Chart. July 31, 2023. ÌÇÐÄÆƽâ°æ. Accessed July 22, 2026. /statistics/1172037/global-cobalt-market-size/
Research and Markets. (2023). Market value of cobalt worldwide from 2021 to 2023, with a forecast for 2030 (in million U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 22, 2026. /statistics/1172037/global-cobalt-market-size/
Research and Markets. "Market Value of Cobalt Worldwide from 2021 to 2023, with a Forecast for 2030 (in Million U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 31 Jul 2023, /statistics/1172037/global-cobalt-market-size/
Research and Markets, Market value of cobalt worldwide from 2021 to 2023, with a forecast for 2030 (in million U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/1172037/global-cobalt-market-size/ (last visited July 22, 2026)
Market value of cobalt worldwide from 2021 to 2023, with a forecast for 2030 (in million U.S. dollars) [Graph], Research and Markets, July 31, 2023. [Online]. Available: /statistics/1172037/global-cobalt-market-size/
