AI OverviewA cobalt sulfate refinery is a facility that produces cobalt sulfate for the battery supply chain. The first cobalt sulfate refinery in Australia is the Kwinana Cobalt Refinery (KCR), which is being developed by Cobalt Blue Holdings Limited (COB). The refinery will be located in Rockingham, Western Australia. Here are some details about the Kwinana Cobalt Refineryurpose: The refinery will produce battery-grade cobalt sulfate for the European Union and US Inflation Reduction Act (IRA) markets. Capacity: In Stage One, the refinery will produce 3,000 tonnes per annum of cobalt metal equivalent and 1,000 tonnes per annum of nickel metal equivalent. Construction: Construction is expected to begin in the first half of 2025 and be completed within 12 months. Cost: The refinery is estimated to have a capital cost of $60 million. Partners: Iwatani Australia Pty Ltd is a partner in the project. Employment: The refinery is expected to employ around 50 people in Western Australia. Cobalt is used in many lithium-ion rechargeable devices, including smartphones, tablets, laptops, electric vehicles, and solar and battery systems. QUOTE Looking forward to positive news flow in the New Year IMO
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urpose: The refinery will produce battery-grade cobalt sulfate for the European Union and US Inflation Reduction Act (IRA) markets. Capacity: In Stage One, the refinery will produce 3,000 tonnes per annum of cobalt metal equivalent and 1,000 tonnes per annum of nickel metal equivalent. Construction: Construction is expected to begin in the first half of 2025 and be completed within 12 months. Cost: The refinery is estimated to have a capital cost of $60 million. Partners: Iwatani Australia Pty Ltd is a partner in the project. Employment: The refinery is expected to employ around 50 people in Western Australia. Cobalt is used in many lithium-ion rechargeable devices, including smartphones, tablets, laptops, electric vehicles, and solar and battery systems. QUOTE
