Production of Cobalt Ore in Papua New Guinea - 2022
Cobalt Ore Production in Papua New Guinea - 2022
After two years of growth, production of cobalt ores decreased by -1% to 297K tons in 2022. Over the period under review, production showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 2%. Cobalt ore production peaked at 331K tons in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.
In value terms, cobalt ore production expanded remarkably to $1.7B in 2022 estimated in export price. In general, production recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 73%. Cobalt ore production peaked at $3.4B in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.
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This report provides an in-depth analysis of the global cobalt ore market.
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This report provides an in-depth analysis of the global cobalt ore market.
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