List of Countries with the Largest Cobalt Reserves 2023

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Adi Ahdiat 30/09/2024 17:56 WIB

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According to USGS data, the Democratic Republic of Congo had the world's largest cobalt reserves in 2023, while Indonesia ranked third.

List of Countries with the Largest Cobalt Reserves in the World (2023)

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List of Countries with the Largest Cobalt Reserves in the World (2023)

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According to the United States Geological Survey (USGS), global cobalt reserves reached 11 million metric tons in 2023.

The largest reserves are located in the Democratic Republic of Congo, at 6 million metric tons, representing 55% of total global reserves.

Other countries with significant cobalt reserves among the global top ranks include Australia (15%), Indonesia (5%), Cuba (5%), the Philippines (2%), Russia (2%), and Canada (2%).

Following these are Madagascar (0.9%), Turkey (0.8%), the United States (0.6%), and Papua New Guinea (0.4%), with volumes as shown in the graph.

According to the International Energy Agency (IEA), cobalt is one of the minerals heavily needed for producing clean technologies, such as renewable energy generators, electric vehicles, and others.

The IEA projects that global cobalt demand will continue to increase, in line with the acceleration of the energy transition.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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