Energy Shift
Ranked: The World’s Top Cobalt Producing Countries
Ranked: The World’s Top Cobalt Producing Countries
Cobalt, an essential component of key chemistries of the rechargeable lithium-ion batteries used in EVs, has seen a significant shift in its global production landscape.
The Democratic Republic of Congo (DRC) has long been the world’s largest cobalt producer, accounting for 73% of global output in 2022.
However, according to the Cobalt Institute, the DRC’s dominance is projected to decrease to 57% by 2030 as Indonesia ramps up its cobalt production as a byproduct from its rapidly expanding nickel industry.
Indonesia Became Second Largest Cobalt Producer in 2022
Indonesia accounts for nearly 5% of global cobalt production today, surpassing established producers like Australia and the Philippines.
In 2022, Indonesia’s cobalt production surged to almost 9,500 tonnes from 2,700 tonnes in 2021, with the potential to increase production by tenfold by 2030.
Country | 2022 Production (tonnes) | % of Total Production |
---|---|---|
🇨🇩 DRC | 144,936 | 73.3% |
🇮🇩 Indonesia | 9,454 | 4.8% |
🇦🇺 Australia | 7,000 | 3.5% |
🇵🇭 Philippines | 5,400 | 2.7% |
🇨🇺 Cuba | 5,331 | 2.7% |
🇷🇺 Russia | 3,500 | 1.8% |
🇲🇬 Madagascar | 3,500 | 1.8% |
🇨🇦 Canada | 3,100 | 1.6% |
🇵🇬 Papua New Guinea | 3,060 | 1.5% |
🇹🇷 Türkiye | 2,300 | 1.2% |
🌐 Other | 10,210 | 5.2% |
Total | 197,791 | 100.0% |
Percentages may not add to 100 due to rounding.
In total, global cobalt production reached 197,791 tonnes, with the DRC contributing just under 145,000 tonnes of that mix.
The EV industry is the largest consumer of cobalt, accounting for approximately 40% of total demand. The exponential growth of the EV sector is expected to drive a doubling of global cobalt demand by 2030.
While the shift in cobalt production is notable, it is not without challenges. Plummeting cobalt prices, which fell almost 30% this year to $13.90 a pound, have severely impacted the DRC.
Furthermore, the longer-term prospects of cobalt could face hurdles due to efforts to reduce its use in batteries, partly driven by human rights concerns associated with artisanal cobalt mining in the DRC and related child labor and human rights abuses.
In a 2021 ruling by a federal court in Washington, Google parent Alphabet, Apple, Dell, Microsoft, and Tesla were relieved from a class action suit claiming their responsibility for alleged child labor in Congolese cobalt mines.
The Future of Cobalt
Despite ongoing efforts to substitute cobalt in battery applications, cobalt is expected to remain a vital raw material for the entire battery supply chain in the near future.
The demand for cobalt is forecasted to more than double by 2030 to 388,000 tonnes.
Energy Shift
Visualizing the Decline of Copper Usage in EVs
Copper content in EVs has steadily decreased over the past decade, even as overall copper demand rises due to the increasing adoption of EVs.
Visualizing the Decline of Copper Usage in EVs
Copper intensity in passenger battery electric vehicles (BEVs) has steadily decreased over the last decade, driven by numerous technological advancements alongside increasing usage of alternative materials such as aluminum.
In this graphic, we visualize the evolution of copper demand in various subcomponents of passenger battery electric vehicles (BEVs) from 2015 to 2030F, along with total global copper demand driven by EVs for the same period. This data comes exclusively from Benchmark Mineral Intelligence.
Copper Intensity Per Car
According to Benchmark Mineral Intelligence, the copper intensity per vehicle is expected to decline by almost 38 kg, from 99 kg in 2015 to 62 kg by 2030.
Year | Wiring | Motor | Copper Foil | Busbar | Auxiliary Motor | Charging Cable | Total |
---|---|---|---|---|---|---|---|
2015 | 30 | 8 | 41.26 | 13.23 | 2.87 | 3.96 | 99.32 |
2016 | 29 | 8 | 38.68 | 13.37 | 2.85 | 3.92 | 95.82 |
2017 | 28 | 7 | 32.67 | 12.72 | 2.84 | 3.90 | 87.13 |
2018 | 27 | 7 | 26.39 | 11.87 | 2.82 | 3.88 | 78.96 |
2019 | 26 | 7 | 28.00 | 10.85 | 2.78 | 3.82 | 78.45 |
2020 | 25 | 7 | 24.71 | 10.24 | 2.73 | 3.76 | 73.44 |
2021 | 24 | 6 | 25.27 | 9.29 | 2.69 | 3.70 | 70.95 |
2022 | 23 | 7 | 28.44 | 8.56 | 2.65 | 3.64 | 73.29 |
2023 | 22 | 7 | 29.87 | 8.12 | 2.61 | 3.58 | 73.18 |
2024F | 21 | 7 | 27.73 | 7.67 | 2.56 | 3.52 | 69.48 |
2025F | 20 | 7 | 27.79 | 7.19 | 2.52 | 2.51 | 67.01 |
2026F | 20 | 7 | 27.78 | 6.63 | 2.48 | 3.41 | 67.30 |
2027F | 19 | 8 | 27.55 | 6.15 | 2.44 | 3.35 | 66.49 |
2028F | 18 | 8 | 26.77 | 5.70 | 2.40 | 3.30 | 64.17 |
2029F | 18 | 8 | 26.17 | 5.51 | 2.39 | 3.28 | 63.35 |
2030F | 17 | 8 | 25.63 | 5.44 | 2.37 | 3.26 | 61.70 |
One of the most significant factors driving this decline is thrifting, where engineers and manufacturers continuously improve the efficiency and performance of various components, leading to reduced copper usage. A key example of this is in battery production, where the thickness of copper foil used in battery anodes has significantly decreased.
In 2015, Benchmark estimated copper foil usage was just over 41 kg per vehicle (at an average thickness of 10 microns), but by 2030, it is projected to fall to 26 kg as manufacturers continue to adopt thinner foils.
Similarly, automotive wiring systems have become more localized, with advances in high-voltage wiring and modular integration allowing for reduced copper content in wiring harnesses.
Copper used in wiring has dropped from 30 kg per vehicle in 2015 to a projected 17 kg by 2030.
Newer, more compact power electronics and improved thermal management in motors and charging cables have also contributed to the reduction in copper usage.
Substitution has also played a role, with alternatives such as aluminum increasingly being used in components like busbars, wiring harnesses, and charging cable applications.
Aluminum’s lighter weight and lower cost have made it a practical alternative to copper in specific applications, though the additional space required to achieve the same level of conductivity can limit its use in certain cases.
Benchmark estimates that copper used in automotive wire harnesses has declined by 30% between 2015 and 2024.
The Road Ahead
Despite reductions in per-vehicle copper usage, the outlook for copper demand from the EV sector remains strong due to the sector’s growth.
Year | EV Sector Copper Demand (tonnes) |
---|---|
2015 | 56K |
2016 | 82K |
2017 | 111K |
2018 | 166K |
2019 | 179K |
2020 | 237K |
2021 | 447K |
2022 | 696K |
2023 | 902K |
2024F | 1.0M |
2025F | 1.2M |
2026F | 1.5M |
2027F | 1.7M |
2028F | 2.0M |
2029F | 2.2M |
2030F | 2.5M |
Benchmark’s analysis indicates that by 2030, copper demand driven by EVs alone will exceed 2.5 million tonnes, securing copper’s critical role in the transition to a low-carbon future.
Energy Shift
Visualizing the Rise in Global Coal Consumption
China remains the largest coal consumer, making up 56% of the global total.
Visualizing the Rise in Global Coal Consumption
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
Despite efforts to decarbonize the economy, global coal consumption surpassed 164 exajoules for the first time in 2023. The fossil fuel still accounts for 26% of the world’s total energy consumption.
In this graphic, we show global coal consumption by region from 1965 to 2023, based on data from the Energy Institute.
China Leads in Coal Consumption
China is by far the largest consumer of coal, accounting for 56% of the global total, with 91.94 exajoules in 2023.
It is followed by India, with 21.98 exajoules, and the U.S., with 8.20 exajoules. In 2023, India exceeded the combined consumption of Europe and North America for the first time.
Regionally, North America and Europe have seen a decline in coal consumption since the 1990s, while the Asia-Pacific region experienced a surge in demand during the same period.
Year | Asia Pacific (Exajoules) | North America | Europe | Rest of the World | Total World |
---|---|---|---|---|---|
2013 | 114.14 | 19.48 | 15.86 | 11.47 | 160.95 |
2014 | 115.74 | 19.39 | 14.88 | 11.68 | 161.62 |
2015 | 115.00 | 16.89 | 14.24 | 11.11 | 157.25 |
2016 | 113.21 | 15.55 | 13.74 | 11.35 | 153.85 |
2017 | 115.67 | 15.30 | 13.29 | 11.23 | 155.50 |
2018 | 119.05 | 14.50 | 12.98 | 11.34 | 157.87 |
2019 | 121.94 | 12.49 | 11.06 | 11.45 | 156.95 |
2020 | 121.91 | 9.97 | 9.57 | 10.82 | 152.27 |
2021 | 127.75 | 11.24 | 10.44 | 11.12 | 160.56 |
2022 | 129.80 | 10.54 | 10.02 | 11.18 | 161.53 |
2023 | 135.70 | 8.83 | 8.39 | 11.11 | 164.03 |
Coal Production on the Rise
In addition to consumption, global coal production also reached its highest-ever level in 2023, at 179 exajoules.
The Asia-Pacific region accounted for nearly 80% of global output, with activity concentrated in Australia, China, India, and Indonesia.
China alone was responsible for just over half of total global production.
Learn More on the Voronoi App
If you want to learn more about fossil fuel consumption, check out this graphic showing the top 12 countries by fossil fuel consumption in 2023.
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