Canadian national financial press
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The Globe and Mail · Canada · LME cobalt hit $56,290/t in March, up 67% year on year, as Electra Battery Materials opened Canada's first cobalt sulfate refinery and BASF ran its first black-mass recycling plant
Reports on the Electra refinery commissioning's significance as a Canadian critical mineral processing milestone, noting it is the first battery-grade cobalt sulfate refinery outside Asia. Highlights the C$73M government financing from Natural Resources Canada under the Critical Minerals Infrastructure Fund, and quotes Canada's Natural Resources Minister describing Electra as 'proof that Canada can build the refinery capacity, not just mine the feedstock'.
“Electra's Ontario cobalt refinery is Canada's first battery-grade cobalt sulfate plant, backed by C$73M in federal financing.”