[SMM Cobalt Market Flash] SMM VP Shirley: Indonesia MHP Cobalt to Rise as Global Supply Shifts to Dual-Centre Model

Published: Jun 4, 2026 12:18

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At the 2026 SMM Indonesia Mining & Critical Metals Conference, SMM VP Shirley Wang said the DRC has historically been the dominant centre of global cobalt supply, but Indonesia's share has risen notably following policy shifts last year. Over the next decade, cobalt contained in Indonesian MHP is expected to account for a growing proportion of global supply, with the market transitioning from a DRC-centric structure to a dual-centre model anchored by both the DRC and Indonesia.

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