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Cash-strapped cobalt refinery in northern Ont. hopes to relaunch in the spring

Summary by CBC News
Northern Ontario's Electra Battery Materials has faced several challenges in the past years, the latest of which include an export ban on raw cobalt coming out of the Democratic Republic of the Congo and a trade war with a major partner.

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CBC NewsCBC News

Cash-strapped cobalt refinery in northern Ont. hopes to relaunch in the spring

Northern Ontario's Electra Battery Materials has faced several challenges in the past years, the latest of which include an export ban on raw cobalt coming out of the Democratic Republic of the Congo and a trade war with a major partner.

·Canada
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MiningmxMiningmx

Glencore backs cobalt investment firm planning UK listing

GLENCORE is to take a 10% stake in a cobalt investment company that plans to float in London during May, the Financial Times reported on Tuesday. The company – Cobalt Holdings – will buy physical supplies of cobalt in the manner of other  commodity investment vehicles such as the London-lsited Yellow Cake which operates in the uranium sector. Glencore has agreed to sell $200m-worth of its cobalt, produced as a by-product of its copper mining in …

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QuotedDataQuotedData

Glencore backed Cobalt Holdings to list on LSE - QuotedData

Cobalt investment company, Cobalt Holdings has announced plans to list on the LSE. Cobalt Holdings is looking to capitalise on the rising demand for the metal, which is a key component of electric vehicles and the broader renewables transition.  The company is aiming to raise £180mn in a May listing and is backed by commodity trader Glencore, which is expected to take a 10% stake in the company and has also agreed to sell it about $200m-worth of…

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QuotedData broke the news in on Tuesday, March 11, 2025.
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