Cobalt Stocks List

Glencore plc is a diversified mining and commodity-marketing group with businesses in metals, minerals and coal. It produces commodities from its own operations and sources, transports and markets material from other producers to industrial customers.

Its cobalt production comes mainly from the Kamoto Copper Company and Mutanda copper-cobalt operations in the Democratic Republic of Congo. Glencore owns 75% of KCC and 100% of Mutanda. It also produces cobalt alongside nickel at Murrin Murrin in Australia and through its Canadian nickel operations. Cobalt is a by-product within a much broader business that includes copper, zinc, nickel and energy commodities.

DRC export quotas affect the timing of cobalt shipments and cash receipts. The mines can continue producing copper while adjusting cobalt recovery and storing cobalt-bearing material for later processing or export. Glencore’s cobalt exposure therefore depends on operating and export decisions as well as metal prices.

Vale S.A. is a Brazilian mining company whose principal businesses include iron ore and pellets, copper and nickel. Its cobalt exposure is a relatively small part of the group and arises alongside nickel production.

The base-metals portfolio is managed through Vale Base Metals, which is owned 90% by Vale and 10% by Manara Minerals. Canadian operations include the Voisey’s Bay mine and Long Harbour processing plant in Newfoundland and Labrador. The group also has an interest in PT Vale Indonesia, a separately listed nickel producer, and participates in Indonesian growth projects that use high-pressure acid leaching to recover nickel and cobalt.

The Indonesian development projects add potential future cobalt supply, while the established Canadian operations provide current by-product exposure. Vale’s consolidated earnings and equity value remain dominated by its wider iron-ore and base-metals businesses.

CMOC Group Limited is a Chinese mining and metals-trading company. Its portfolio includes copper and cobalt operations in the Democratic Republic of Congo, molybdenum and tungsten production in China, and niobium, phosphate and gold businesses in Brazil. Its IXM subsidiary trades metals sourced from producers around the world.

CMOC’s cobalt comes from the Tenke Fungurume and Kisanfu copper-cobalt mines in the DRC. It owns 80% of Tenke Fungurume and holds a 71.25% effective interest in Kisanfu. Both operations recover cobalt alongside copper, making CMOC one of the largest sources of mined cobalt.

DRC export restrictions affect when cobalt production can be shipped and converted into sales. Mine output can therefore differ substantially from export volumes and cash receipts. The company also expanded its Brazilian portfolio by completing the acquisition of Equinox Gold’s Brazilian operations in January 2026.

Zhejiang Huayou Cobalt Co., Ltd. is a Chinese battery-materials group with businesses spanning mineral resources, metal refining, cathode precursors, cathode materials and recycling. Its industrial footprint connects copper-cobalt operations in the Democratic Republic of Congo with nickel-cobalt processing in Indonesia and materials manufacturing in China and overseas.

The group’s Indonesian interests include the Huayue and Huafei high-pressure acid leach projects, which produce nickel-cobalt intermediates for further refining. Its cobalt business supplies chemicals and materials used in rechargeable batteries and other industrial applications. Nickel products and battery materials account for a much larger part of reported revenue than its separately disclosed cobalt-products category.

Huayou has also invested in overseas cathode-material capacity. In its March 30, 2026 update, Huayou reported that production-line commissioning at its Hungarian project was nearing completion, ahead of customer sampling and full production. The group’s earnings reflect its combined mining, refining and manufacturing activities, rather than cobalt prices alone.

Umicore is a Belgian materials-technology and recycling group. Its businesses include automotive catalysts, battery materials, specialty materials and precious-metals recycling. It purchases and processes metal-bearing feedstocks rather than operating cobalt mines.

Its Cobalt and Specialty Materials activities refine and manufacture cobalt and nickel products for rechargeable batteries and industrial uses. The operating network includes Kokkola in Finland and Olen in Belgium. Umicore also produces cathode materials and develops battery-recycling services that recover valuable metals from battery scrap and spent batteries.

The company’s cobalt exposure comes through feedstock procurement, refining and materials margins, customer demand and metal recovery. Cobalt-related earnings sit within a wider group whose other businesses respond to automotive production, precious-metals markets and industrial demand.

Electra Battery Materials Corporation is a Canadian battery-materials developer listed on Nasdaq and the TSX Venture Exchange. Its principal project is a cobalt-sulfate refinery under construction at Temiskaming Shores, Ontario, designed initially to produce about 5,120 tonnes of contained cobalt a year for battery-material customers.

The refinery will process purchased cobalt hydroxide. Electra has extended a feedstock agreement with Glencore through 2031, covering commissioning and ramp-up requirements through 2027. Its commercial arrangements also include a binding term sheet with LG Energy Solution for a majority of planned production through 2029.

In its August 26, 2026 update, Electra targeted commercial production in the fourth quarter of 2027, following commissioning and ramp-up. Its broader portfolio includes the Iron Creek cobalt-copper exploration project in Idaho, battery-recycling development and prospective nickel-refining projects. Government funding and its 2025 recapitalization support construction, while commissioning, operating liquidity and delivery of saleable product remain necessary steps toward revenue.

Cobalt Blue Holdings Limited is an Australian minerals-processing developer listed on the ASX. Its main cobalt projects are the Kwinana refinery development in Western Australia and the wholly owned Broken Hill Cobalt Project in New South Wales. It also operates a technology centre for processing testwork and demonstration activities.

Kwinana is intended to process third-party feedstock into cobalt sulfate and cobalt metal. In its August 24, 2026 presentation, Cobalt Blue described a proposed project structure with Iwatani Australia, subject to final agreement, and targeted first production in 2028. A final investment decision is still required. Broken Hill is advancing an updated pre-feasibility study as a potential later source of refinery feed and contains cobalt with sulfur and nickel by-products.

The August 24, 2026 presentation also described work with AuKing Mining at Halls Creek and a consortium with Glomar Minerals on Project Infinity, a proposed US facility to process polymetallic nodules. These commercial developments depend on studies, financing and construction before production can begin.