Cobalt is a highly sought-after raw materialVon Swiss Resource Capital AG
The transition to clean technologies is progressing, and with it the triumph of battery metals, including cobalt. The US Geological Survey has studied which are the main cobalt producing countries. In 2021, the Democratic Republic of Congo was still by far the most important producing country. Around 120,000 tons of cobalt were mined here, representing 70 percent of global production. That Congo is repeatedly associated with human rights abuses, including child labor, and political insecurity is well known. In second place is Russia with 7,600 tons of cobalt, as can be seen with a significantly lower production volume. The large Russian mining company Norilsk Nickel is primarily responsible for cobalt mining. One country that is increasingly coming into focus because of its cobalt resources is Australia. Down Under, too, cobalt is mostly produced as a by-product of copper and nickel mining. In terms of cobalt resources, the country is in second place.
The Philippines take the next place, followed by Canada (4,300 tons of cobalt production in 2021). Several mining companies have positioned themselves here in recent years, which could lead to an increase in cobalt production. Here in Canada, for example, the Canada Nickel Company - https://www.youtube.com/watch?v=hconKNJAX4w - is working on nickel sulfide projects. The main Crawford project, 100 percent owned, is located in the Timmins-Cochrane mining district in Ontario and also contains cobalt.
Other cobalt mining countries include Cuba, Papua New Guinea, Madagascar, Morocco, and China (2,200 tons of cobalt production in 2021).
Cobalt is also available in Finland, for example, at Mawson Gold's - https://www.youtube.com/watch?v=_Nt7qtgSURo - Rajapalot gold-cobalt project. In addition, there are gold commitments in Sweden and Australia.
Current corporate information and press releases from Mawson Gold (- https://www.resource-capital.ch/en/companies/mawson-gold-ltd/ ) and Canada Nickel Company (- https://www.resource-capital.ch/en/companies/canada-nickel-company-inc/ -).
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