Sherritt International Corp T.S

Alternate Symbol(s): SHERF

Metals & Mining Industrial Metals & Minerals

Sherritt International Corporation is a Canada-based company engaged in the mining and refining of nickel and cobalt metals essential for the adoption of electric vehicles through hydrometallurgical processes. The Company is engaged in the production of high purity nickel and cobalt metals from lateritic ore. Its technologies group creates solutions for oil and mining companies around the world to improve environmental performance. The Company offers a range of products including Nickel, Cobalt, Fertilizers and Other Products. The Nickel products category includes standard grade, steel grade, and nickel powders. The Cobalt products category includes cobalt briquettes and cobalt powders. The Company’s Fertilizers product category includes anhydrous ammonia, granular ammonium sulfate, crystalline ammonium sulfate-super salt, and crystalline ammonium sulfate-standard grade. The Other products category includes sulfuric acid, zinc sulfide, and copper sulfide.

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Sherritt International Corp > Fort Saskatchewan

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Comment by Oaxacanon May 09, 2023 11:57am

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Post# 35438653

RE:RE:RE:RE:RE:Fort Saskatchewan

Very generous of you.

In return here is a data point for you.

Below is a note from the Sherritt Q4 Report to shareholders. There should be no surprise here as this was noted in the Q3 report as well.

"In August 2022, the Corporation changed its cobalt reference price from the average standard-grade published price per Fastmarkets MB to the “minimum 99.8% chemical grade – Rotterdam” price per Argus Metals. All cobalt spot and average prices referenced for the three months and year ended December 31, 2022 reflect the Argus Metals price. Comparative amounts for the three months and year ended December 31, 2021 are Fastmarkets MB prices."

I recently subscribed to the free version of the Argus Metals Newsletter: Battery Metals, as Argus is the source of the reference price for Sherritt's cobalt output.

Today's newsletter of May 9, 2023 stated that minimum 99.8% chemical grade – Rotterdam cobalt is trading today at $15.30 in USD per pound.