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Indonesia has become the second largest producer of cobalt in the world, behind the Democratic Republic of Congo. Cobalt production in Indonesia surged past other countries like Russia and Australia in 2021. This is due to billions of dollars invested by Chinese firms in nickel and cobalt refineries in Indonesia. Cobalt output from Indonesia is expected to more than double by 2023, making Indonesia a major global supplier of cobalt and helping alleviate concerns around tight cobalt supplies.
- Author
- Damar KS
- Language
- EN