The world's largest cobalt reserves by country in 2022 cobaltreserves
- According to the U.S. Geological Survey , the total global mine cobalt reserves amounted to 8,300,000 tonnes in 2022, which is 9% higher than 7,600,000 tonnes reported in 2021.
According to the report, the DR Congo boasts the world's largest endowment of cobalt mine reserves , followed by Australia and Indonesia . As Kitco reported previously, the DR Congo is also the world’s largest cobalt mine producer with 130,000 tonnes of cobalt produced in 2022, or ~68% of total mined cobalt.Furthermore, USGS said that identified world terrestrial cobalt resources are estimated at about 25 million tonnes.
USGS noted that in addition, more than 120 million tonnes of cobalt resources have been identified in polymetallic nodules and crusts on the floor of the Atlantic, Indian, and Pacific Oceans.
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