Cobalt depletion is forcing the global industry to seek a future without its most vital mineral.

Cobalt depletion is forcing the global industry to seek a future without its most vital mineral.

Cobalt is a critical mineral that, although less well-known than lithium or copper, is equally strategically important, especially for the battery industry. Its supply situation is one of the most delicate in the world.
World Cobalt Reserves and Production
According to the most recent data from the United States Geological Survey (USGS) and other sources, global cobalt reserves amount to approximately 11 million metric tons . Global production in 2024 is estimated at approximately 230,000…