RE:RE:5000T/yrAt 5,000 this should make Glencore happy in that it would gain a significant non-China toll refinery for its cobalt that it could sell into the US market without US/China tariffs. Need to look at existing and proposed US/M/CA trade agreement to see how cobalt from the DRC that is refined in CA would be treated for tariff purposes. If tariff free to US, First Cobalt toll refinery should be of a significant advantage to Glencore and others, giving First Cobalt negotiating strength.
Next is amended permits to allow revised/increased refining, as well as mine feasibility study/business plan profitability. Still lot to happen here, but it all seems to be on a fast track. 60 days to final agreement per Glencore proposal.