The market value of cobalt is anticipated to grow by more than double between 2021 and 2027, from an estimated 8.57 billion U.S. dollars in 2021 to a forecast 17.39 billion U.S. dollars in 2027.
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.
Market value of cobalt worldwide in 2021 and 2022, with a forecast for 2027
(in million U.S. dollars)
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Research and Markets. (April 1, 2022). Market value of cobalt worldwide in 2021 and 2022, with a forecast for 2027 (in million U.S. dollars) [Graph]. In Statista. Retrieved July 05, 2022, from https://www.statista.com/statistics/1172037/global-cobalt-market-size/
Research and Markets. "Market value of cobalt worldwide in 2021 and 2022, with a forecast for 2027 (in million U.S. dollars)." Chart. April 1, 2022. Statista. Accessed July 05, 2022. https://www.statista.com/statistics/1172037/global-cobalt-market-size/
Research and Markets. (2022). Market value of cobalt worldwide in 2021 and 2022, with a forecast for 2027 (in million U.S. dollars). Statista. Statista Inc.. Accessed: July 05, 2022. https://www.statista.com/statistics/1172037/global-cobalt-market-size/
Research and Markets. "Market Value of Cobalt Worldwide in 2021 and 2022, with a Forecast for 2027 (in Million U.S. Dollars)." Statista, Statista Inc., 1 Apr 2022, https://www.statista.com/statistics/1172037/global-cobalt-market-size/
Research and Markets, Market value of cobalt worldwide in 2021 and 2022, with a forecast for 2027 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1172037/global-cobalt-market-size/ (last visited July 05, 2022)