RE:Electra Battery Materials Considers Construction Of Second CIn the last part of this announcment they mention: A study is now being undertaken by Electra for the feasibility of a second cobalt sulfate refinery, which is said to include production requirements, capital costs, permitting considerations, potential synergies from integration, funding opportunities and more. The study is expected to be completed by the end of the year.
The company currently expects its first cobalt sulfate refinery to be through commissioning in the fourth quarter of 2022, with production of 5,000 tonnes per annum of battery grade cobalt expected to begin in 2023. Nickel sulfate production is expected to begin the following year.
While the end of the study around the second refinery is late this year and the start of production of the first refinery is hopely some months later. So it looks logical: - to make money for new investments at the same time...