AGL 5.36 Decreased By ▼ -0.14 (-2.55%)
ANL 8.55 Decreased By ▼ -0.14 (-1.61%)
AVN 75.67 Decreased By ▼ -0.17 (-0.22%)
BOP 5.16 Decreased By ▼ -0.02 (-0.39%)
CNERGY 4.48 Decreased By ▼ -0.03 (-0.67%)
EFERT 81.25 Increased By ▲ 0.16 (0.2%)
EPCL 49.70 Decreased By ▼ -0.30 (-0.6%)
FCCL 12.55 Increased By ▲ 0.02 (0.16%)
FFL 5.55 Increased By ▲ 0.03 (0.54%)
FLYNG 6.90 Decreased By ▼ -0.05 (-0.72%)
FNEL 4.60 Decreased By ▼ -0.05 (-1.08%)
GGGL 8.53 Decreased By ▼ -0.05 (-0.58%)
GGL 14.18 Decreased By ▼ -0.07 (-0.49%)
HUMNL 5.43 Decreased By ▼ -0.16 (-2.86%)
KEL 2.60 Increased By ▲ 0.06 (2.36%)
LOTCHEM 27.90 Decreased By ▼ -0.08 (-0.29%)
MLCF 23.85 Increased By ▲ 0.15 (0.63%)
OGDC 71.10 Decreased By ▼ -0.54 (-0.75%)
PAEL 15.09 No Change ▼ 0.00 (0%)
PIBTL 4.84 Decreased By ▼ -0.05 (-1.02%)
PRL 15.55 Decreased By ▼ -0.26 (-1.64%)
SILK 1.04 Decreased By ▼ -0.03 (-2.8%)
TELE 8.98 Increased By ▲ 0.04 (0.45%)
TPL 7.02 Decreased By ▼ -0.01 (-0.14%)
TPLP 18.10 Decreased By ▼ -0.21 (-1.15%)
TREET 20.60 Decreased By ▼ -0.43 (-2.04%)
TRG 134.95 Increased By ▲ 0.40 (0.3%)
UNITY 16.70 Increased By ▲ 0.07 (0.42%)
WAVES 9.21 Decreased By ▼ -0.11 (-1.18%)
WTL 1.34 Decreased By ▼ -0.02 (-1.47%)
BR100 4,143 Decreased By -11.7 (-0.28%)
BR30 15,246 Decreased By -42.9 (-0.28%)
KSE100 41,530 Decreased By -82.5 (-0.2%)
KSE30 15,343 Decreased By -17.2 (-0.11%)
Follow us

TORONTO: London-based metals trader Stratton Metal Resources Ltd will sell cobalt sulphate produced by First Cobalt Corp’s Canadian refinery under a five-year deal, a source with direct knowledge of the arrangement said on Sunday.

Contract terms including price and quantity were not immediately known. Under the deal First Cobalt will have the option to sell up to 100% of its annual cobalt sulfate to Stratton once its refinery in Ontario province is in production, the source said. Demand for cobalt, a key ingredient for the rechargeable lithium-ion batteries used to power electric vehicles, is expected to surge as governments and consumers clamp down on fossil fuels such as diesel and gasoline to cut greenhouse gas emissions.

Comments

Comments are closed.

Stratton to sell First Cobalt’s refinery output in 5-year deal

Arshad Sharif’s killing: CJP takes suo motu notice

Intra-day update: rupee largely stable against US dollar

PM brings the economics of hydropower under govt focus

KP asks Wapda to pay Rs21bn

Govt debt stocks hit historic high of Rs50.152trn

Oil prices rise after price cap on Russian crude, OPEC+ meeting

Petrol, diesel and LNG at discounted rates: Russian ministers due next month

Revolving fund account for CPEC IPPs approved: ECC allows import of 0.583MTs of wheat

Payables/receivables: Govt offered to seek resolution of dispute thru ICA, KE CEO tells Senate panel

Auditors’ appointment: SECP decides to take risk-based approach