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An update from Cobalt Blue Holdings ( (AU:COB) ) is now available.
Cobalt Blue Holdings Limited is advancing its operations at the Broken Hill Technology Centre to focus on recycling battery black mass, which is a high-value concentrate from recycled lithium-ion batteries. This initiative aims to provide a domestic feedstock source for the Kwinana Cobalt Refinery, potentially boosting revenue and supporting Australia’s circular economy. The project is expected to enhance Australia’s battery recycling capability and strengthen the critical minerals supply chain. The successful integration of black mass as a feedstock could increase operational flexibility and reduce supply chain risks, while also boosting local employment and economic growth in Broken Hill.
More about Cobalt Blue Holdings
Cobalt Blue Holdings Limited operates in the mining and minerals industry, focusing on the production and processing of cobalt. The company is involved in advancing battery recycling capabilities and supporting the critical minerals supply chain, with a market focus on enhancing Australia’s circular economy framework.
YTD Price Performance: 54.41%
Average Trading Volume: 3,887,171
Technical Sentiment Signal: Sell
Current Market Cap: A$53.74M
For a thorough assessment of COB stock, go to TipRanks’ Stock Analysis page.