Cobalt has emerged as a vital ingredient for the shift to a lower-carbon energy system, but reserves of the metal are concentrated heavily in just a single country.

The Democratic Republic of Congo (DRC) is home to half of the world's known resources and currently accounts for around 70% of global production. 

The metals used in electronic goods, particularly the rechargeable batteries used in electric vehicles and other forms of energy storage means interest in it is growing as the electrification of the global energy system continues to gather pace.

Cobalt is used in batteries, superalloys, catalysts, magnets, and pigments for various industries like electronics, aviation, and manufacturing.

Democratic Republic of Congo (I), Indonesia (II), Russia (III), Australia (IV), and Madagascar (V) are the top 5 Cobalt-producing countries in the world.

Small deposits of Cobalt are known to exist in Odisha & Jharkhand in India.

Cobalt has also been classified as a critical mineral by the Government of India.