Some market blues for Jervois' budding cobalt business

SOFTER market conditions have seen cobalt producer Jervois Global’s earnings fall about 20% to US$11.9 million quarter-on-quarter.

Some market blues for Jervois' budding cobalt business Some market blues for Jervois' budding cobalt business Some market blues for Jervois' budding cobalt business Some market blues for Jervois' budding cobalt business Some market blues for Jervois' budding cobalt business

As a result of lower cobalt prices and sales volumes, Jervois has revised full year 2022 EBITDA guidance to $35-40 million based on a $27.50/lb forecast cobalt price assumption.