Mining Commodities & Minerals · Direct
Monitoring · monthlyProcurement Category Intelligence
Cobalt Ore
Overview
Market size
$15.5B
global, USD
CAGR
7.2%
base to forecast
Buyer power
-2.5
supplier-favoured
Suppliers
4
tracked players
Signals
12
2 high severity
Market outlook
2031$21.9B
What changed
Demand by region
Asia Pacific demand74%
Europe demand14%
North America demand8%
Rest of world demand4%
share of global demandtotal 100%
Cost drivers
Mining extraction and utilities40%
Inland logistical transport and haulage25%
Chemical agents and processing reagents15%
Labor and regional site overhead12%
Sustaining capital expenditure and equipment maintenance8%
share of delivered cost (analyst estimate)