Market Overview
The cobalt market size attained a volume of around 200.10 KMT in the year 2024. The market is further expected to grow at a CAGR of 8.90% between 2025 and 2034 to reach a volume of almost 469.38 KMT by 2034. The increasing demand for cobalt is driven by its essential role in battery production, particularly for electric vehicles (EVs) and renewable energy storage solutions. The...
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