Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Cobalt Blue Holdings ( (AU:COB) ) just unveiled an announcement.
Cobalt Blue Holdings Limited has announced a significant contract with Glencore International AG to supply cobalt hydroxide feedstock to its Kwinana Cobalt Refinery (KCR) in Western Australia. This agreement ensures that Glencore will provide up to 50% of KCR’s feedstock requirements for three years, marking a critical step in securing supply chains for the refinery. The KCR aims to produce high-quality, battery-grade cobalt sulphate and cobalt metal, playing a vital role in Australia’s Critical Minerals Strategy. This partnership with Glencore, a major player in the cobalt industry, strengthens Cobalt Blue’s position in the global market and supports the development of new battery and critical minerals supply chains. The feedstock will be sourced from Glencore’s operations in the Democratic Republic of Congo, which are recognized for their responsible mining practices.
More about Cobalt Blue Holdings
Cobalt Blue Holdings Limited is a mining and mineral processing company focused on developing a Cobalt-Nickel Refinery in Western Australia, the Halls Creek Project in Western Australia, the Broken Hill Cobalt Project in New South Wales, and ReMine+ globally. The company is involved in the production of cobalt products for global lithium-ion battery manufacturers and other industrial and defense applications.
Average Trading Volume: 505,225
Technical Sentiment Signal: Sell
Current Market Cap: A$24.47M
For detailed information about COB stock, go to TipRanks’ Stock Analysis page.