Analyzing Cobalt Production in Southeast Asian Countries
Southeast Asia has emerged as a crucial player in the global cobalt market. Let's dive into the production figures across the region.
Myanmar:
Myanmar stands out as a significant cobalt producer in Southeast Asia. According to the Myanmar Ministry of Mines, the country produced approximately 15,000 metric tons of cobalt in 2023, primarily sourced from the Letpadaung Copper Mine.
Vietnam:
Vietnam is also making strides in cobalt production. Data from the General Statistics Office of Vietnam indicates a steady increase, with production reaching around 8,500 metric tons in 2023.
Philippines:
The Philippines has shown promising potential in cobalt production. Based on data from the Mines and Geosciences Bureau, the country produced approximately 12,000 metric tons of cobalt in 2023, with significant contributions from nickel mining operations in Surigao del Norte.
Indonesia:
Indonesia remains a key player in the cobalt market. Figures from the Indonesian Ministry of Energy and Mineral Resources highlight robust production, estimated at 22,000 metric tons in 2023. The country's extensive nickel reserves contribute significantly to its cobalt output.
Southeast Asian countries collectively produced over 57,500 metric tons of cobalt in 2023, underscoring the region's growing importance in the global supply chain. This trend is driven by increasing demand for cobalt in electric vehicle batteries and renewable energy technologies.
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