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Forecast consumption of cobalt in batteries worldwide from 2024 to 2030 (in million metric tons of contained cobalt)

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Sources

Release date

2023

Region

Worldwide

Survey time period

2021

Supplementary notes

Includes the total amount of cobalt consumption required for portable consumer electronics, xEVs, E-micromobility, energy storage systems (ESS), and other battery types.

Citation formats

Global cobalt consumption volume forecast for batteries 2024-2030

Published by
Doris Dokua Sasu,
Dec 20, 2023
It is forecast that cobalt consumption in batteries will amount to over ** metric tons worldwide in 2030. That represents an expected increase in battery-related cobalt consumption of about 100,000 metric tons worldwide compared to the expected consumption in 2024.
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