MCS 2026 sheet
Cobalt
CoFinal 2025 CMLU.S. mine output +50% in 2025, still tiny versus DRC-dominated world supply.
U.S. production 2025
600
metric tons
U.S. value
$28M
price +9%
World production
230,000
metric tons
Net import reliance
76%
Norway / Canada (metal); DRC (ore)
Primary uses
Batteries, superalloys, catalysts