0
0
Home > Mining >  COVID-19 >  Global Cobalt Mining to 2025 – Impact of COVID-19

Global Cobalt Mining to 2025 – Impact of COVID-19

Demand for cobalt is expected to rise significantly over the coming years, due to its use in lithium-ion batteries and the growing demand for electric vehicles (EVs). The metal is typically mined as a by-product of copper or nickel, with over half of the global reserves found in the Democratic Republic of the Congo (DRC). Global cobalt production was estimated to have reached 140 thousand tonnes (kt) in 2020, of which the DRC accounted for 73% of the total global. The global production fell by 2.8% in 2020, with a 4% drop in output from the DRC due to severe operational disturbances caused by the COVID-19 pandemic, along with the continued closure of the Mutanda mine, which accounts for 18% of global supply. Glencore and China Molybdenum Co. Ltd are the two largest cobalt producers in the world, together accounting for 26.1% of global cobalt production in 2020. Global metal demand is mainly driven by the electric vehicle (EV) industry, as cobalt is a key component for the lithium-ion batteries used in EVs. In 2020, global EV (including both battery electrical vehicles and plug-in hybrid electrical vehicles) production reached 2.4 million, and is forecasted to reach 3.8 million in 2021.

Scope

The report contains an overview of the global cobalt mining industry including key demand driving factors affecting the global cobalt mining industry. It provides detailed information on reserves, reserves by country, production, production by country, production by company, major operating mines, competitive landscape, major exploration and development projects.

Reasons to Buy

Comprehensive evaluation of the impact of COVID-19 on global cobalt industry

To gain an understanding of the global cobalt mining industry, relevant driving factors

To understand historical and forecast trend on global cobalt production

To identify key players in the global cobalt mining industry

To identify major active, exploration and development projects by region

Companies Mentioned

Glencore plc, China Molybdenum Co. Ltd

Table of Contents

| About GlobalData

| Table of Contents

| List of Figures

| List of Tables

1. Executive Summary

2. Reserves, Production and Prices

2.1 Global Cobalt Reserves by Country

– DRC

– Australia

– The Philippines

2.2 Cobalt Production

– Democratic Republic of Congo (DRC)

– Rest of the World

2.3 Production by Company

2.4 Cobalt Prices

3. Cobalt Assets

3.1 Mines and Projects by Stage and Country

3.2 Active Mines

3.3 Exploration Projects

3.4 Development Projects

4. Demand and Trade

4.1 Demand from Electric Vehicles (EVs)

4.2 Demand for EV Batteries

4.3 Global Battery Demand and Technology Update

4.4 EV Policies in APAC

4.5 Major Exporters and Importers

5. Major Cobalt Producers

5.1 Mines and Projects by Company

5.2 Company Profiles

– Glencore Plc

– China Molybdenum Co. Ltd

6. Appendix

6.1 Abbreviations

6.2 Methodology

6.3 Coverage

6.4 Secondary Research

| Contact Us

List of Tables

Table 1: Cobalt reserves by country (thousand tonnes), January 2021

Table 2: Top active mines in the DRC by cobalt reserves (thousand tonnes)

Table 3: Top active mines in Australia by cobalt reserves (thousand tonnes)

Table 4: Top active mines in the Philippines by total ore reserves (million tonnes)

Table 5: Historical and forecast cobalt mine production by country (thousand tonnes), 2005–2025

Table 6: Cobalt production in the DRC (thousand tonnes), 2005–2025

Table 7: Major active cobalt mines, 2021

Table 8:Major cobalt exploration projects, 2021

Table 9: Major cobalt development projects, 2021

Table 10: EV battery capacity by region (GWh), 2020–2026

Table 11: EV battery shipments by major players (GWh), 2016–2020

Table 12: Number of operating, development and exploration projects by company and stage, 2021

Table 13: Glencore’s major cobalt deals 2020–2021

Table 14: Glencore Plc, major projects, 2021

Table 15: China Molybdenum Co. Ltd, major projects, 2021

List of Figures

Figure 1: Cobalt reserves by country (million tonnes), January 2017 – January 2021

Figure 2: Cobalt reserves by country, January 2021

Figure 3: Historic and forecast cobalt production by country (thousand tonnes), 2005–2025

Figure 4: Cobalt mine production in the DRC (thousand tonnes), 2005–2025

Figure 5: Cobalt production by major company (thousand tonnes), 2019–2020

Figure 6: World cobalt prices, annual (US$/lb), 2011–2025

Figure 7: Cobalt mine count by country and stage (%), 2021

Figure 8: Top markets for EV production (thousand units), 2015–2035

Figure 9: EV production by type by country (thousand units), 2019 – 2020

Figure 10: Share of global EV battery capacity comparison by region (%), 2020–2026

Figure 11: EV battery capacity by major players (GWh), 2019–2026

Figure 12: Global EV battery total capacity by type (GWh), 2015–2025

Figure 13: Global EV battery shipments by major players (GWh), 2016–2020

Figure 14: Chinese EV policy, 2009–2021

Figure 15: EV policy in South Korea, India and Japan, 2016-2021

Figure 16: Share of top exporters and importers of cobalt (%), 2020

Figure 17: Number of operating, development and exploration projects by company and stage, 2021

    Pricing

Discounts available for multiple purchases.

reportstore@globaldata.com
+44 20 7947 2960

Join our mailing list

Saved reports