New project launches and ramp-ups set to lift Indonesia’s cobalt output in 2026

Indonesia, once a minor player in the global cobalt market, has emerged as a significant force, largely driven by investment in high-pressure acid leach (HPAL) facilities. In 2025, the country is estimated to have produced 49,300 tonnes (t) of cobalt, a 42.6% increase over the previous year, primarily driven by the increase in supply at Ningbo Lygend Mining’s PT Halmahera Persada Lygend Project, due to ongoing expansion and commissioning of additional HPAL production lines, which are reaching towards full ...