Joel CraneJoel Crane • 3rd+ • 3rd+Cobalt Blue | Investor...

Joel CraneJoel Crane • 3rd+ • 3rd+Cobalt Blue | Investor Relations | Commercial ManagerCobalt Blue | Investor Relations | Commercial Manager2w • 2 weeks agoFollowRising evidence of a “legislative” premium in Critical Minerals:Reporters at Fastmarkets’ Asian Battery Raw Materials Conference in Seoul on April 22-23 heard evidence of deepening fragmentation in the nickel market with a slew of ex-Chinese producers trying to wean off reliance on Chinese materials, in a bid to qualify for Inflation Reduction Act (IRA) credits. Companies that have more than 25% ownership or control by a foreign entity of concern (FEOC) are not eligible for tax breaks available under the IRA. According to Fastmarkets, while more nickel sulphate plants have been built in South Korea, uncertainty remains on the origin of feedstock. And this has caused price differentials in materials, with the IRA-compliant nickel sulphate costing up to $2,000 per tonne, while a bid for outbound sulphate shipments from China was heard at a discount. "We are aiming to build an all-in-one plant which fully complies with IRA requirements," a producer source in Korea said, claiming that their nickel sulphate is a premium one among the varying levels of materials.

COB maybe kicking with the wind .Now it just has to find the ball and get going .