1. Democratic Republic of the Congo (DRC): With over 70% of the world’s cobalt reserves, the DRC is the largest producer of cobalt globally.
2. Russia: As of 2024, Russia is the second-largest producer of cobalt, contributing a significant portion to the global cobalt supply.
3. Australia: Being rich in mineral resources, Australia ranks third in cobalt production globally.
4. Canada: The cobalt production in Canada has steadily increased, making the country one of the leading producers.
5. China: Despite having smaller cobalt reserves, increased domestic demand has accelerated China’s cobalt production efforts, ranking it fifth.
6. Cuba: The country mainly extracts cobalt as a by-product of nickel and copper mining, contributing significantly to the global production.
7. Philippines: The Philippines’ cobalt production mainly comes from its Nickel mines, making it the seventh largest producer.
8. Zambia: Cobalt production in Zambia is mainly as a by-product from copper mining and ranks eighth worldwide.
9. Brazil: With several operational mines, Brazil contributes substantially to the global cobalt market.
10. Madagascar: The country possesses significant cobalt reserves and has drawn international investments to its mining sector, securing its position in the top ten.