2024’s Ultimate List: Leading Cobalt Producers Across the Globe!

**1. Democratic Republic of Congo**

Democratic Republic of Congo (DRC) is a major player in cobalt production, accounting for a significant portion of global output. The country’s rich cobalt reserves and conducive mining environment make it an attractive destination for cobalt producers. Companies such as Glencore and China Molybdenum have significant cobalt operations in the DRC, further solidifying its position as a top cobalt producer.

**2. Australia**

Australia is another key player in the cobalt market, with a well-established mining industry and significant cobalt reserves. The country is home to several cobalt mines, including the Cobalt Blue Project in New South Wales. Australian cobalt producers benefit from the country’s stable political environment and robust regulatory framework, which contribute to a favorable investment climate.

**3. China**

China is a major cobalt producer, with a rapidly growing demand for the metal driven by its thriving electric vehicle industry. The country’s abundant cobalt reserves and strong manufacturing capabilities have positioned it as a key player in the global cobalt market. Chinese companies such as Zhejiang Huayou Cobalt and Jinchuan Group are prominent players in the cobalt industry, contributing significantly to China’s cobalt production.

**4. Canada**

Canada is also a notable cobalt producer, with a long history of mining activities and substantial cobalt reserves. The country’s cobalt production is primarily concentrated in the province of Ontario, where companies like Vale and Glencore operate cobalt mines. Canada’s well-developed infrastructure and mining expertise have helped it maintain a strong presence in the global cobalt market.

**5. Russia**

Russia is a key player in the cobalt market, with significant reserves of the metal and a growing focus on expanding its cobalt production capacity. The country’s cobalt production is primarily concentrated in the Norilsk region, where companies like Norilsk Nickel are prominent players in the industry. Russia’s strategic position in the cobalt market and its robust mining sector contribute to its status as a top cobalt producer.

**6. Zambia**

Zambia is an emerging cobalt producer, with untapped reserves of the metal and increasing interest from mining companies. The country’s stable political environment and supportive mining regulations have attracted investments in its cobalt sector. Companies like Eurasian Resources Group have operations in Zambia, contributing to the country’s growing cobalt production.

**7. Cuba**

Cuba is a significant cobalt producer, with a long history of mining activities and extensive cobalt reserves. The country’s cobalt production is primarily concentrated in the Moa region, where a joint venture between Sherritt International and the Cuban government operates a major cobalt facility. Cuba’s well-established mining industry and strategic location contribute to its position as a top cobalt producer.

**8. Philippines**

The Philippines is also a notable cobalt producer, with significant reserves of the metal and a growing focus on expanding its cobalt production capacity. The country’s cobalt production is primarily concentrated in the Surigao region, where companies like Sumitomo Metal Mining operate cobalt mines. The Philippines’ strategic position in the cobalt market and its growing mining sector contribute to its status as a key cobalt producer.

**9. Papua New Guinea**

Papua New Guinea is an emerging cobalt producer, with vast untapped reserves of the metal and increasing interest from mining companies. The country’s supportive mining regulations and potential for further exploration have attracted investments in its cobalt sector. Companies like Fortescue Metals Group have operations in Papua New Guinea, contributing to the country’s growing cobalt production.

**10. Brazil**

Brazil is a significant cobalt producer, with substantial reserves of the metal and a growing focus on expanding its cobalt production capacity. The country’s cobalt production is primarily concentrated in the Minas Gerais region, where companies like Votorantim Metais operate cobalt mines. Brazil’s strong mining expertise and favorable investment climate contribute to its position as a top cobalt producer.