Boa Esperanza Project, Araguaia Nickel Project, and Minago Mine are the key development projects in the Americas. Some of the exploration projects in Oceania include Mambare Nickel Project, Big Four Gold Project, and Bulong East Project.Īmericas: The top three active mines in the Americas are Moa Joint Venture Project, Voisey’s Bay Mine, and Raglan Mines. Wingellina Project, Thackaringa Cobalt Project, and Savannah North Project are the key development projects in the region. Oceania: The top three active mines in Oceania are Ramu Nickel Mine, Murrin Murrin Mine, and Goro Nickel Project. Some of the exploration projects in the region include Gogota Project, Luisha South Project, and Zanzui Project. Musonoi Project, Kalukundi Project, and Mutoshi Project are the key development projects in the MEA region. MEA: The top three active mines in the MEA region are Tenke Fungurume Mine, KOV Mine, and Mashamba East Mine. ![]() The key regions in the cobalt mining market are MEA, Oceania, the Americas, and the Rest of the World. To gain more information about the cobalt mining market forecast, download a free report sample Cobalt Mining Market Segmentation by Regions Moreover, the expected commencement of the Savannah North, Mount Freda, and Sconi projects in Australia will be crucial for growth. Meanwhile, significant growth is anticipated from Russia, Australia, and Canada. ![]() ![]() The growth will be chiefly supported by output from the Pumpi and Deziwa projects alongside the restart of Glencore’s Mutanda mine. The 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).ĭRC, which holds the world’s largest cobalt deposits, is expected to remain the world’s largest producer over the forecast period. The cobalt mine production is estimated to be 175.6 thousand tonnes (kt) in 2022 and is expected to achieve a CAGR of more than 2% during 2023–2030.
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