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Global market value of cobalt 2018 & 2027

The market value of cobalt is anticipated to grow by nearly double between 2018 and 2027, from 6.79 billion U.S. dollars in 2018 to 13.63 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 2018 and 2027

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Release date

September 2019



Survey time period


Supplementary notes

*Forecast based on a CAGR of approximately eight percent during the period 2019-2027.

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Statistics on "Cobalt"

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