Good move by COB to work towards a WA based refinery. The 2023...

Good move by COB to work towards a WA based refinery. The 2023 SAFE report is out and it's highlighting the need for ex-china processing capacity. The challenge is still to secure funding but until the DFS is completed and optimised it will be hard for anyone to put a final figure on the project. New supply chains and alliances are forming so let's hope the Australian government can keep up with the US, EU and Japan to be part of this transition.

"The SAFE Center for Critical Minerals Strategy has released its inaugural report “A Global Race to the Top: Using Transparency to Secure Critical Mineral Supply Chains.” The report examines the extent to which the United States can work with major allies and, per Inflation Reduction Act requirements, countries with which it shares a free trade agreement, to generate new, globally distributed critical mineral supply chains that are not dependent on the Chinese Communist Party to access the building blocks of a more electrified, connected, and autonomous future. This report also examines how a shared agreement among these countries to require responsible mining standards as a condition of market access—or financial penalties for failure to meet those standards—will be necessary to achieve a measure of cost parity for developing mining projects outside CCP control."

Link to full report


Screen grab from the SAFE report.