--- mi_id: MIPR-node_36975c6 type: press_release canonical_url: "https://www.pheonixresearch.com/mining-metals/mining/press-release/global-cobalt-mining-market/" md_url: "https://www.pheonixresearch.com/mining-metals/mining/press-release/global-cobalt-mining-market.md" schema: "@type": NewsArticle "@id": MIPR-node_36975c6 url: "https://www.pheonixresearch.com/mining-metals/mining/press-release/global-cobalt-mining-market/" title: Pheonix Research Publishes 2026 “Global Cobalt Mining Market Outlook – Press Release” description: "Global Cobalt Mining Market is projected to grow from USD 18.36 billion in 2025 to USD 67.37 billion by 2033, at a CAGR of 17.65%, driven by EV battery demand." datePublished: "2026-07-22T01:13:15+00:00" dateModified: "2026-07-22T01:31:56+00:00" keywords: - Global Cobalt Mining Market - Cobalt Mining Market Size - Cobalt Mining Market Share - Cobalt Mining Market Forecast 2033 - Cobalt Mining Industry - Cobalt Ore Mining - Critical Minerals Market - Battery Metals Market - EV Battery Supply Chain - Cobalt Supply Chain - Democratic Republic of Congo Cobalt Mining - Indonesia Cobalt Mining - HPAL Cobalt Production - Nickel-Cobalt Laterite Mining - Cobalt Concentrate Market - Electric Vehicle Battery Materials - Gigafactory Demand - Energy Storage Materials - Critical Raw Materials Market - Mining Industry Trends - Cobalt Production Forecast - Sustainable Mining - Battery Cathode Materials - Strategic Minerals Market - Pheonix Market Research Cobalt Mining Report isPartOf: - id: MISG-node_14e4c93 type: CollectionPage url: "https://www.pheonixresearch.com/mining-metals/mining/" name: Mining - id: MIIN-node_e5dd186 type: CollectionPage url: "https://www.pheonixresearch.com/mining-metals/" name: "Mining & Metals" - id: MIWS-root type: WebSite url: "https://www.pheonixresearch.com/" name: Pheonix Research acf: phoenix_meta_title: "Global Cobalt Mining Market Size, Share & Forecast 2025–2033" phoenix_meta_description: "Global Cobalt Mining Market is projected to grow from USD 18.36 billion in 2025 to USD 67.37 billion by 2033, at a CAGR of 17.65%, driven by EV battery demand." global_schema: organization: "@id": MIWS-root#organization "@type": Organization url: "https://www.pheonixresearch.com/" name: Pheonix Research website: "@id": MIWS-root "@type": WebSite url: "https://www.pheonixresearch.com/" name: Pheonix Research api: "@id": MIWS-root#api "@type": WebAPI url: "https://www.pheonixresearch.com/" graph: node_id: MIPR-node_36975c6 graph_node_endpoint: "https://graph.statsfocus.com/api/v1/query/live/node/MIPR-node_36975c6" graph_snapshot: "https://graph.statsfocus.com/api/v1/read/live/graph" graph_exclusions: "https://graph.statsfocus.com/api/v1/read/live/exclusions" graph_meta: "https://graph.statsfocus.com/api/v1/read/live/meta" graph_bundle: "https://graph.statsfocus.com/api/v1/read/live/bundle" discovery: discovery_json: "https://www.pheonixresearch.com/.well-known/pheonix-discovery.json" llms_txt: "https://www.pheonixresearch.com/llms.txt" sitemap: "https://www.pheonixresearch.com/sitemap.xml" --- # Pheonix Research Publishes 2026 “Global Cobalt Mining Market Outlook – Press Release” Global Cobalt Mining Market to Reach USD 67.37 Billion by 2033 as EV Battery Demand Accelerates Despite DRC Supply Constraints 22 July , 2026 | Pheonix Market Research The Global Cobalt Mining Market is projected to grow from USD 18.36 Billion in 2025 to approximately USD 67.37 Billion by 2033, registering a baseline CAGR of 17.65% during the forecast period of 2025–2033, according to the latest market intelligence report published by Pheonix Market Research. The market is entering a period of accelerated expansion driven by rapid electric vehicle (EV) battery production, large-scale gigafactory investments, and growing demand for high-performance lithium-ion battery cathodes. Cobalt remains a strategically important raw material for NMC (Nickel-Manganese-Cobalt) and NCA (Nickel-Cobalt-Aluminum) battery chemistries, aerospace superalloys, industrial alloys, and energy storage systems. At the same time, the industry faces increasing supply concentration risks, geopolitical uncertainty, and evolving regulatory requirements that are reshaping global supply chains. According to Pheonix Market Research, continued expansion of global battery manufacturing capacity, increasing EV adoption, and investments in new mining projects are expected to support robust market growth through 2033. However, supply-side dynamics remain heavily influenced by production policies in the Democratic Republic of Congo (DRC), which supplies more than 70% of global mined cobalt output, alongside rapidly growing production from Indonesia. The market is simultaneously being transformed by significant investments in high-pressure acid leach (HPAL) projects, battery gigafactories, and next-generation critical mineral supply chains. More than 70 GWh of new battery manufacturing capacity entered production or was announced during 2025–2026 through projects led by Hyundai/SK On, Envision AESC, and PowerCo, creating sustained long-term demand for cobalt-bearing battery materials. The Democratic Republic of Congo (DRC) remains the world's largest cobalt-producing region, although export quotas introduced from 2026 and major producers' production optimization strategies continue to tighten concentrate availability. Meanwhile, Indonesia has emerged as the fastest-growing supply region through rapid expansion of integrated nickel-cobalt laterite projects, providing an increasingly important source of global cobalt supply diversification. A Senior Critical Minerals & Energy Transition Analyst at Pheonix Market Research stated: "The cobalt mining industry sits at the center of the global energy transition. While electric vehicle battery demand continues to accelerate, the market is increasingly shaped by geopolitical supply risks, strategic investments in new mining capacity, recycling regulations, and the race to secure resilient critical mineral supply chains." Key Market Highlights Battery Cathodes remain the largest downstream application, driven by expanding production of electric vehicles and stationary energy storage systems. The Democratic Republic of Congo continues to dominate global mined cobalt production, accounting for more than 70% of worldwide output. Indonesia is projected to remain the fastest-growing supply region, supported by large-scale HPAL projects and integrated nickel-cobalt production facilities. Global Gigafactory Expansion continues to accelerate cobalt demand through major battery manufacturing investments across North America and Europe. CATL's expanding global battery market share continues to strengthen long-term cobalt consumption across the EV supply chain. EU Battery Regulation recycling requirements are reshaping long-term market dynamics by increasing recycled cobalt content and recovery targets. Strategic investments in critical mineral assets continue to intensify as governments and industry participants seek to diversify cobalt supply chains outside traditional production regions. Growing investments in critical mineral exploration, mining automation, digital mine operations, AI-based ore optimization, HPAL processing technologies, battery recycling infrastructure, and responsible sourcing initiatives are expected to improve long-term supply security while supporting global electrification and industrial decarburization. However, export quotas in the DRC, evolving mining regulations, geopolitical uncertainty, environmental and social governance (ESG) requirements, supply concentration, and long-term battery chemistry substitution remain key challenges for market participants. Companies investing in diversified mining assets, downstream integration, advanced extraction technologies, and sustainable supply chain strategies are expected to strengthen their competitive positioning over the coming decade. Looking ahead, the Global Cobalt Mining Market is expected to experience continued expansion through rising EV adoption, battery gigafactory construction, Indonesian mining growth, strategic resource investments, advanced extraction technologies, and growing demand from clean energy industries. At the same time, regulatory developments, recycling mandates, and evolving battery chemistries will continue to influence the long-term outlook for primary cobalt demand. Pheonix Market Research's latest report provides comprehensive analysis of market forecasts, production trends, supply-demand dynamics, competitive benchmarking, regional opportunities, regulatory developments, scenario analysis, and strategic intelligence across the global cobalt mining market. Report Highlights Market Size (2025): USD 18.36 Billion Market Size (2033): USD 67.37 Billion Baseline CAGR (2025–2033): 17.65% Largest Supply Region: Democratic Republic of Congo Fastest Growing Supply Region: Indonesia Leading Downstream Segment: Battery Cathodes (EV Batteries & Energy Storage) Key Trend: Rapid EV Battery Manufacturing Expansion & Indonesian Supply Growth Future Focus: Critical Mineral Supply Security, Battery Recycling, Sustainable Mining, HPAL Technologies & Global Gigafactory Expansion About Pheonix Market Research Pheonix Market Research is a global market intelligence and strategic advisory firm specializing in critical minerals, mining, battery materials, energy transition, electric vehicles, industrial technologies, and emerging global commodity markets. Through advanced forecasting models and data-driven strategic analysis, Pheonix Market Research helps mining companies, battery manufacturers, investors, governments, and industrial enterprises identify growth opportunities and strengthen competitive positioning across rapidly evolving global resource markets. 📊 For detailed insights and full report access, visit: Website: https://www.pheonixresearch.com/mining-metals/mining/market-report/global-cobalt-mining-market/ Media Contact Pheonix Market Research Email: media@pheonixresearch.com Website: www.pheonixresearch.com