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Electra Battery Materials Extends Cobalt Feedstock Supply Agreement with Glencore

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Electra Battery Materials (ELBM.V) agreed to extend its cobalt hydroxide feed purchase agreement with Glencore AG for five years through Dec. 31, 2031.

The agreement secures 100% of the feedstock required to commission and ramp up Electra's cobalt sulfate refinery in Ontario through 2027, the company said Thursday.

The contract includes 10,000 metric tonnes of contained cobalt over five years valued at over $500 million at current market prices, Electra said.

Price: $0.84, Change: $+0.01, Percent Change: +1.20%

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