Global Cobalt Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

Key Cobalt Company Insights

The report gives a detailed analysis of the following key players in the global cobalt market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Glencore is one of the world's largest diversified natural resource companies, and a major player in the cobalt market. The business is involved in mining, refining, and marketing for various metals, cobalt included. Glencore boasts some of the richest cobalt reserves in the world. The role of the company is critical in ensuring consistent availability of cobalt, the key metal used in electric vehicle batteries and renewable energy storage.
• Vale S.A. is a multinational mining company and one of the largest players in the cobalt supply chain. Although Vale is primarily known for its iron ore production, the company also produces cobalt, through its nickel-rich operations in countries like Canada and Indonesia. The company’s production of nickel and cobalt is vital for satisfying the growing demand for the elements that make up batteries for electric vehicles. Vale is investing in this area and working on clean energy initiatives, supporting the goal of sustainability all over the world.
• Missouri Cobalt, LLC specializes in the extraction and production of cobalt in North America. While cobalt is increasingly in demand for electric vehicle batteries, the company aims to be a reliable and responsible source of the metal. The company plans to help bolster the local supply chain, reduce reliance on imports of cobalt from abroad and position the region as a global player.
• CMOC International has established itself as a major player in the cobalt sector. CMOC runs massive mining operations in the Democratic Republic of Congo, home to some of the world’s largest cobalt reserves. The company’s production of cobalt is critical for the battery and electronics industries. CMOC is focused on expanding its cobalt production responsibly to increase the sustainability of its operations and make it in line with electric vehicle battery demand.

Key Cobalt Companies:

• Glencore plc
• Vale S.A.
• Missouri Cobalt, LLC
• CMOC International
• Eurasian Resources Group
• Freeport-McMoRan
• Umicore
• Sumitomo Metal Mining Co., Ltd.
• Norilsk Nickel
• Huayou Cobalt
• Jinchuan Group
• Others

Cobalt Market Report Snapshots

Cobalt Market Size

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Cobalt Companies