Visualizing China's Cobalt Supply Dominance by 2030

What We’re Showing

This graphic shows the total cobalt supply by the top ten producers in 2030, highlighting Chinese dominance. This data comes exclusively from Benchmark Mineral Intelligence as of July 2024. 

Key Takeaways 

• Chinese companies are estimated to own 46% of the global cobalt mined supply by 2030, up 3% from 2023.
• By 2030, the top 10 producing countries will account for 96% of the total cobalt mined supply, with just two countries, the Democratic Republic of Congo (DRC) and Indonesia, contributing to 84% of the total. 
• Although Chinese companies only have a stake in 3 out of the top 10 cobalt-producing countries, they own over half of the cobalt production in the DRC and Indonesia and 85% of the output from Papua New Guinea.