Global Cobalt Output to See Negative Growth

SHANGHAI, Aug. 9 (SMM) – World’s cobalt reserves were 7.10 million tonnes in 2015, with reserves-to-production ratio of 57 years, according to USGS’s Mineral Commodity Summaries.

World’s cobalt reserves are mainly distributed in Democratic Republic of the Congo (D. R. Congo), Australia, Cuba, New Caledonia, Zambia and Russia, accounting for about 80 per cent of world’s total. 

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Cobalt reserves in D. R. Congo are 3.40 million tonnes, occupying 48 per cent of world’s total, ranking first. The country’s cobalt reserves-to-production ratio is down significantly from 286 years to 54 years, while the ratio in Australia is up. Global cobalt output is estimated to see a negative growth of 7.67 per cent.   

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