Global Cobalt Mining to 2024 – Update with Impact of COVID-19

Globally, cobalt is typically mined as a by-product of copper or nickel and with over half of the global reserves found in DRC. After a strong growth of 23.3% in 2018, the global cobalt production fell by 5.4% in 2019. Further, The COVID-19 has a significant impact over the metal production, with an expected fall of 18.2% in 2020 to 114.5Kt. Meanwhile, the production in DRC is expected to fall by 21.6%, due to the pandemic impact and the continued closure of the Mutanda mine. The pandemic restrictions have also led to the temporary closure of 21 mining operations across the world. Looking ahead, GlobalData estimates the global cobalt production to rebound between 2021 and 2024, with the expected restart of the Mutanda mine in 2023, which was temporarily closed in November 2019, on the back of falling prices. The global cobalt demand is driven by the electric vehicles (EVs) industry, as cobalt is a key component for the lithium-ion batteries used in EVs. The long-term outlook for cobalt remains uncertain, as the EVs manufacturers are looking at the potential to use cobalt free batteries in order to reduce cost.

Scope

The report contains an overview of 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, COVID-19 impact over the global cobalt production, major operating mines, cobalt prices, competitive landscape, major exploration and development projects, major demand drivers for cobalt incluidng demand from EV, EV production, battery demand, battery technology, EV policies and major exporters and importers.

Reasons to buy

To gain an understanding of the global cobalt mining industry and the impact COVID-19 is having on the metal's demand and supply

To understand historical and forecast trends in global cobalt production.

To assess the major importers and exporters of cobalt

To understand the future potential for end user markets, such as global EV markets, and EV policies in China, India, South Korea and Japan

To analyse the key players in the global cobalt mining industry

To gain an understanding of major active, exploration and development projects

To understand the future demand outlook of cobalt and major upcoming developments in EV battery technology

Companies mentioned

Glencore Plc, Vale SA

Table of Contents

About GlobalData

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

3. Cobalt Assets

3.1 Mines and Projects by Stage and Country

3.2 Active Mines

3.3 Exploration Projects

3.4 Development Projects

3.5 Cobalt Prices

4. Demand and Trade

4.1 Demand from Electric Vehicles (EVs)

4.2 Demand for EV Batteries

– Evolution of Battery Technology and the Impact of Cobalt

– Battery Cost Analysis

4.3 EV Policies in APAC

4.4 Major Exporters and Importers

5. Major Cobalt Producers

5.1 Production by Company

5.2 Mines and Projects by Company

5.3 Company Profiles

– Glencore Plc

– Vale SA

6. Appendix

6.1 Abbreviations

6.2 Methodology

6.3 Coverage

6.4 Secondary Research

7. Contact Us

List of Tables

Table 1: Global Cobalt Mining – Cobalt Reserves by Country (Thousand Tonnes), January 2020

Table 2: Global Cobalt Mining – Top Active Mines in DRC by Total Ore Reserves (Million Tonnes), 2020

Table 3: Global Cobalt Mining – Top Active Mines in Australia by Total Ore Reserves (Million Tonnes), 2020

Table 4: Global Cobalt Mining – Top Active Mines in Philippines by Total Ore Reserves (Million Tonnes), 2020

Table 5: Global Cobalt Mining – Historical and Forecast Cobalt Mine Production By Country (Thousand Tonnes), 2004–2024

Table 6: Global Cobalt Mining – Cobalt Production in DRC (Thousand Tonnes), 2004–2024

Table 7: Global Cobalt Mining – Projects Count by Country and Stage, 2020

Table 8: Global Cobalt Mining – Active Mines, 2020

Table 9: Global Cobalt Mining – Exploration Projects, 2020

Table 10: Global Cobalt Mining – Development Projects, 2020

Table 11: Global Cobalt Mining – Cobalt Annual Prices (US$/lb), 2011–2024

Table 12: Global Cobalt Mining – EV Battery Capacity by Region (GWh), 2019–2024

Table 13: Global Cobalt Mining – EV Battery Capacity by Region (GWh), 2019–2024

Table 14: Global Cobalt Mining – Upcoming Battery Manufacturing Plants (GWh), 2020

Table 15: Global Cobalt Mining – EV Battery Shipments by Major Players (GWh), 2019–2024

Table 16: Global Cobalt Mining – Tesla’s Upcoming EV Models

Table 17: Global Cobalt Mining – Top Exporters of Cobalt , 2019

Table 18: Global Cobalt Mining – Top Importers of Cobalt, 2019

Table 19: Global Cobalt Mining – Number of Operating, Development and Exploration Projects by Company, 2020

Table 20: Global Cobalt Mining – Glencore’s Major Cobalt Deals

Table 21: Global Cobalt Mining – Glencore Plc, Major Projects, 2020

Table 22: Global Cobalt Mining – Vale SA, Major Projects, 2020

List of Figures

Figure 1: Global Cobalt Mining – Cobalt Reserves by Country (Million Tonnes), January 2017 – 2020

Figure 2: Global Cobalt Mining – Cobalt Reserves by Country (%), January 2020

Figure 3: Global Cobalt Mining – Historic and Forecast Cobalt Production By Country (Thousand Tonnes), 2004–2024

Figure 4: Global Cobalt Mining – Cobalt Mine Production in DRC (Thousand Tonnes), 2004–2024

Figure 5: Global Cobalt Mining – Cobalt Mine Count By Country and Stage (%), 2019

Figure 6: Global Cobalt Mining – World Cobalt Prices, Annual (US$/lb), 2011–2024

Figure 7: Global Cobalt Mining – Top Markets for EV Production (Thousand Units), 2014-2034

Figure 8: Global Cobalt Mining – EV Production Type by Top Market (Thousand Units), 2018-2019

Figure 9: Global Cobalt Mining – EV Battery Composition, (%) 2019

Figure 10: Global Cobalt Mining – Share of Global EV Battery Capacity Comparison By Region (%), 2019-2024

Figure 11: Global Cobalt Mining – EV Battery Total capacity by Major Players (GWh), 2019-2024

Figure 12: Global Cobalt Mining – Global EV Battery Total Capacity By Type (GWh), 2019–2024

Figure 13: Global Cobalt Mining – Global EV Battery Shipments by Major Players (GWh), 2016–2019

Figure 14: Global Cobalt Mining – EV Battery Cost Trend and Forecast (%), 2014–2024

Figure 15: Global Cobalt Mining – Share of Cathode in EV Battery (%), 2017-2024

Figure 16: Global Cobalt Mining – EV Battery Cost Trend and Forecast (US$/KWh), 2014–2024

Figure 17: Global Cobalt Mining – Chinese EV Policy

Figure 18: Global Cobalt Mining – EV Policy in South Korea, India and Japan

Figure 19: Global Cobalt Mining – Top Exporters and Importers of Cobalt, 2019

Figure 20: Global Cobalt Mining – Share of Top Exporters and Importers of Cobalt (%), 2019

Figure 21: Global Cobalt Mining – Cobalt Production by Major Company (Thousand Tonnes), 2018–2019

Figure 22: Global Cobalt Mining – Number of Operating, Development and Exploration Projects by Company, 2020

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