Ann: Jervois commences commissioning at ICO in the U.S., page-2

From the announcement:

Jervois would be pleased to progress its engagement with the U.S. Government to preserve and expand these national security benefits, including potential investments into mine expansion and downstream processing, and other strategies to ensure that pricing volatility associated with a commodity supply chain controlled by China does not adversely impact the U.S. national interest.

Jervois is encouraged by its discussions with the U.S. Government regarding the importance of domestic cobalt supply to the U.S. economy and national defense. The IRA illustrates the importance that the U.S. places on both the energy transition and national security concerns relative to critical minerals, including cobalt.

I read this to mean JRV is discussing downstream Co processing investment and the form and scale of support the US government could provide.

A new refinery would still have to make commercial sense, and likely be of larger size than ICO's output.

Watch this space.

Ash