In 2024, China was the largest supplier of refined cobalt worldwide, accounting for nearly ****kilotons. Finland and Japan followed, with ***and six kilotons, respectively. Altogether, the three countries accounted for roughly ** percent of the world's supply of refined cobalt in 2024. Furthermore, it is projected that China will continue to dominate the supply market by 2040.
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IEA. (June 11, 2025). Global cobalt supply from refining in 2024, with a forecast for 2030 and 2040, by region (in kilotons) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 22, 2026, from /statistics/1487773/cobalt-supply-from-refining-by-country/
IEA. "Global cobalt supply from refining in 2024, with a forecast for 2030 and 2040, by region (in kilotons)." Chart. June 11, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 22, 2026. /statistics/1487773/cobalt-supply-from-refining-by-country/
IEA. (2025). Global cobalt supply from refining in 2024, with a forecast for 2030 and 2040, by region (in kilotons). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 22, 2026. /statistics/1487773/cobalt-supply-from-refining-by-country/
IEA. "Global Cobalt Supply from Refining in 2024, with a Forecast for 2030 and 2040, by Region (in Kilotons)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 11 Jun 2025, /statistics/1487773/cobalt-supply-from-refining-by-country/
IEA, Global cobalt supply from refining in 2024, with a forecast for 2030 and 2040, by region (in kilotons) ÌÇÐÄÆƽâ°æ, /statistics/1487773/cobalt-supply-from-refining-by-country/ (last visited July 22, 2026)
Global cobalt supply from refining in 2024, with a forecast for 2030 and 2040, by region (in kilotons) [Graph], IEA, June 11, 2025. [Online]. Available: /statistics/1487773/cobalt-supply-from-refining-by-country/
