More Cobalt Ore will spawn for every third altar broken after the first.
Cobalt Ore, like all hardmode ores, cannot be broken by explosives.
This ore cannot be obtained legitimately prior to killing the Wall of Flesh.
Cobalt-based blue pigments have been used since ancient times for jewelry and paints, and to impart a distinctive blue tint to glass, but the color was later thought by alchemists to be due to the known metal bismuth. Miners had long used the name kobold ore (German for goblin ore) for some of the blue-pigment producing minerals; they were named because they were poor in known metals and gave poisonous arsenic-containing fumes upon smelting. In 1735, such ores were found to be reducible to a new metal (the first discovered since ancient times), and this was ultimately named for the kobold.