Top 3 ASX Cobalt Stocks of 2025

2025-10-27 16:55:00 ET

Cobalt is used in a wide variety of industrial applications, with lithium-ion batteries for electric vehicles (EVs) and energy storage systems as the largest demand segment.

As an important battery metal, cobalt's fate is tied to demand for EVs. The EV market may be facing headwinds now, but the long-term future for the electrification of transportation looks bright as governments around the world push for a green energy transition.

The five top cobalt-producing countries worldwide are the Democratic Republic of Congo (DRC), Indonesia, Russia, Canada and the Philippines. In October 2025, the Democratic Republic of Congo implemented a new quota system for cobalt exports, which has reduced global supply of the battery metal, leading to higher prices for cobalt in the last quarter of 2025.

While Australia ranks sixth, it is also home to the world's second largest cobalt reserves . The island nation is getting attention in this space as an alternative to production coming out of the conflict-ridden DRC.

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