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Electra Battery Increases Battery Materials Refinery Capacity
Electra Battery Increases Battery Materials Refinery Capacity
By Adriano Marchese
Electra Battery Materials Corp. said Wednesday that it intends to increase the design capacity of its cobalt refinery by 30% in response to higher demand.
The Canadian battery materials company, formerly First Cobalt Corp., said that the company would invest in additional capacity for its crystallizer circuit, which will result in a new expected capacity of 6,500 metric tons of annual cobalt production.
Previously, the company had planned for 5,000 tons a year set out in its original feasibility study design.
The company said that the new estimated budget for the enlarged circuit is $67 million, up from previous estimates of $60 million, and that the commissioning of the cobalt refinery remains on schedule for the fourth quarter of next year.
"The strength of the North American electric vehicle market year to date and the growth forecasts of automakers informed our decision to invest in additional capacity even before the initial capacity has been brought online," President and Chief Executive Officer Trent Mell said.
Write to Adriano Marchese at adriano.marchese@wsj.com
By Adriano Marchese
阿德里亚诺·马尔切斯(Adriano Marchese)
Electra Battery Materials Corp. said Wednesday that it intends to increase the design capacity of its cobalt refinery by 30% in response to higher demand.
Electra Battery Materials Corp.周三表示,打算将其钴精炼厂的设计产能提高30%,以应对更高的需求。
The Canadian battery materials company, formerly First Cobalt Corp., said that the company would invest in additional capacity for its crystallizer circuit, which will result in a new expected capacity of 6,500 metric tons of annual cobalt production.
这家加拿大电池材料公司(前身为First Cobalt Corp.)表示,该公司将投资于其结晶器电路的额外产能,这将带来6500吨钴年产量的新预期产能。
Previously, the company had planned for 5,000 tons a year set out in its original feasibility study design.
此前,该公司在最初的可行性研究设计中提出了每年5000吨的计划。
The company said that the new estimated budget for the enlarged circuit is $67 million, up from previous estimates of $60 million, and that the commissioning of the cobalt refinery remains on schedule for the fourth quarter of next year.
该公司表示,扩大后回路的新预估预算为6,700万美元,高于之前预估的6,000万美元,钴精炼厂仍按计划在明年第四季投产。
"The strength of the North American electric vehicle market year to date and the growth forecasts of automakers informed our decision to invest in additional capacity even before the initial capacity has been brought online," President and Chief Executive Officer Trent Mell said.
总裁兼首席执行官特伦特·梅尔(Trent Mell)说:“今年到目前为止,北美电动汽车市场的强劲势头和汽车制造商的增长预测,让我们甚至在初始产能上线之前就决定投资于额外的产能。”
Write to Adriano Marchese at adriano.marchese@wsj.com
写信给Adriano Marchese:adriano.marchese@wsj.com
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Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
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moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
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