According to GlobalData, Russia is the world’s second-largest producer of cobalt, with output of 8kt in 2022, up by 8% on 2021. Over the five years to 2021, production from Russia increased by a CAGR of 7% and is expected to rise by a CAGR of 4% between 2022 and 2026. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global Cobalt Mining to 2030 report. Buy the report here.

Russia accounts for 5% of global production, with the other largest producers being the Democratic Republic of the Congo (71%), Australia (3%), the Philippines (3%) and Canada (2%).

For more detailed analysis of global cobalt mining, buy the report here.


GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.  

GlobalData’s Commodity Analyzer tracks production, consumption, imports and exports of 17 key commodities across 60 countries, whilst its Mines & Projects Database tracks over 30,000 mines and projects with 200+ data fields for each, including production, operating costs, equipment and key mine-site contacts.