eCobalt switches strategic focus to cobalt concentrate, instead of sulphate

TSX-listed project developer eCobalt Solutions has decided to rather focus on producing a cobalt concentrate at its Idaho Cobalt Project (ICP), citing a reduced premium on cobalt sulphate on the back of Chinese capacity consolidation, cost reduction and production increases. “Due to these changing battery market dynamics, and in response to discussions with numerous potential offtake parties, the company has determined that delivering a clean cobalt concentrate product is the fastest route to production, generation of cash flows and reduction of price and technical risk to the project,” president and CEO Paul Farquharson said.