How much cobalt does Canada produce and export?
Canada is the nullth largest producer of cobalt: 3,500 tonnes in 2025, 1.1% of the world's 310,000 tonnes (USGS MCS). It is the 2nd largest exporter by value: $237.8 million in 2024, 5% of world exports of unwrought cobalt and mattes (HS 810520) (CEPII BACI). Its biggest customer is Norway, which takes 17% of its cobalt exports by value.
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Canada's cobalt production
| World rank | Production (tonnes) | Share of world | Ten-year growth | Year |
|---|---|---|---|---|
| 3,500 tonnes | 1.1% | — | 2025 |
USGS Mineral Commodity Summaries, MCS 2026.
Canada's cobalt exports
| World rank | Export value | Share of world exports | Quantity (tonnes) | Average value per tonne | Year |
|---|---|---|---|---|---|
| 2 | $237.8 million | 5% | 8,233 t | $28,885 | 2024 |
CEPII BACI international trade database (HS22, V202601), HS 810520 (Cobalt mattes, unwrought cobalt and powders).
Where Canada's cobalt goes
| Destination | Value | Share of Canada's exports |
|---|---|---|
| Norway | $40M | 17% |
| United States | $40M | 17% |
| China | $36M | 15% |
| Netherlands | $29M | 12% |
| Belgium | $29M | 12% |
The cobalt price Canada sells into
The benchmark price, Cobalt, 99.8% minimum purity, LME spot, was $55,854/t in August 2026, up 70% over twelve months. A single country's export price can differ from the benchmark: see trade price against benchmark. Monthly averages lag the market and are not investment advice. Cobalt price history.
Cite as: Commodity Origins, "Canada cobalt: production, exports and prices", https://commodityorigins.com/countries/CAN/cobalt/ (CC BY 4.0). Rankings count only countries reporting to the sources named; this page is shown only for top-five producers or exporters with at least 3% of the world total. Report an issue with this page.