SMM4, January 1: Canadian cobalt producer First Cobalt has once again announced the production of battery-grade cobalt sulfate, demonstrating the ability of its water metallurgical smelter to deal with different raw materials. In view of the fact that, First Cobal, a manufacturer of cobalt sulfate in North America, has not yet produced cobalt sulfate, it may become the first cobalt sulfate producer in the US electric vehicle market.
It is reported that the production of cobalt sulfate products, cobalt content as high as 21.4%, has exceeded the reference content of cobalt (20.5%), purity of more than 99.9%.
Last year, First Cobalt produced battery-grade cobalt sulfate from cobalt hydroxide, with a cobalt content of 20.8 per cent and a purity of more than 99.9 per cent.
Once the buyer of the product has been identified, the company's president and chief executive, Trent Mell, said that once the buyer of the product has been identified, he can build a product that meets their standards according to the needs of the customer.
In addition, he added that the outbreak was not expected to affect the company's strategic plan, mainly due to the signing of a memorandum of understanding between First Cobalt and Glencore last year, which would be First Cobalt Corp. Cobalt refineries in Ontario, Canada provide cobalt raw materials and financial support.
First Cobalt owns the only cobalt refinery in North America, which closed in 2015. In April 2019, Trent Mell said it planned to invest $30 million in revamping cobalt refineries within two years and expected to be operational within 18-24 months.
A final feasibility study on the cobalt refinery is expected in late April, when Glencore invests an additional $40 million in refinery expansion.
As for the timing of commissioning, it is not clear.
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