Jervois Global Delists, Reorganises
This is a news story, published by Yahoo Finance, that relates primarily to Jervois Global Ltd news.
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battery metal cobaltReuters
•Business
Business & Economics
Cobalt miner Jervois in rescue deal after struggle to compete with China
78% Informative
A collapse in the price of battery metal cobalt has forced fledging producer Jervois Global Ltd to delist and reorganise.
The move highlights a glut in cobalt, a key ingredient in electric vehicle batteries, as dominant Chinese producers continue to pump out the material.
The price of cobalt - used in electronics and a range of weapons - has tumbled 72% since hitting a peak in April 2022 .
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