Canadian Mining Journal


TNM editorial: Cobalt positioned to enjoy strong year

In many eyes, cobalt is set to become an investor darling for 2018, and the recent royalty hike on cobalt production by the government of the world’s largest producer — the Democratic Republic of the Congo (DRC) — is only adding to the bullish outlook.

According to the United States Geological Survey (USGS), in 2016 the DRC accounted for 54% of global cobalt production that totalled 123,000 tonnes, and 49% of global reserves that totaled 7 million tonnes. Tied for second place in terms of production were China and Canada (6% each), with Australia taking second spot for reserves (14%).

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