According to GlobalData, Russia is the world’s third-largest producer of cobalt in 2023, with output up by 0.5% on 2022. Over the five years to 2022, production from Russia increased by a CAGR of 7% and is expected to rise by a CAGR of 1% between 2023 and 2027. 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 4% of global production, with the largest producers being the Democratic Republic of the Congo, Indonesia, Russia and Madagascar.

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

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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.