The flow of products containing valuable metal resources after discharging to waste means that it is necessary to form a plan to improve resource circulation to enhance the circulation of metal resources. In this study, waste resource circulation flow analysis of products containing cobalt and palladium after disposal was performed by classifying five stages: (1) discharge/import, (2) collection/discarding, (3) pretreatment, (4) resource recovery, and (5) product production/export. The mobile phone was one of products which were the most generating cobalt. Discharged cobalt was kept for processing or was produced as pure cobalt, cobalt oxide, or cobalt sulfate, and was used as a raw material for locks, speakers, AlNiCo magnets, tire, batteries, etc. The total amount of cobalt in the waste products was 994 tons and the recycling rate was 53.7%, indicating that 543 ton of cobalt was recycled. Palladium was discharged from waste electrical and electronic products, precious metals, petrochemical catalysts, vehicles catalysts at the end of their life, and medical equipment (dental). The palladium recovered by pre-treatment and resource recovery was recycled as a metal resource or exported. The amount of palladium recycled was 2.412 tons, of which a total of 2.512 or 96% tons is estimated to be recycled. Future research may be necessary to suggest institutional improvements, including the waste resource classification and market expansion for the recycling in the five steps based on the results of this study.