Electra Battery Materials reports its cobalt sulfate refinery construction in Ontario has doubled its workforce to 130 and remains on track within the $73 million budget. Key construction phases like equipment installation and building enclosure are advancing, with safety maintained at zero lost-time incidents. The refinery, supported by US, Canadian, and Ontario governments, aims to produce battery-grade cobalt sulfate for North American markets, with feedstock and offtake agreements secured. Minor schedule adjustments may occur due to piping fabrication, but overall commissioning and operational readiness are progressing well, positioning Electra as a key domestic cobalt supplier.
Electra Battery Materials' refinery construction progress is the subject, with Pluang's Basic Materials sector data providing market context. As of Oct 26, 2026 17:11 WIB, among 83 priced US Basic Materials stocks tradable on Pluang, 54 rose and 16 fell. Notable movers include AUGO at USD 73.20 with a 1-day change of -6.24%, CX at USD 10.63 with +4.22%, and VALE at USD 11.94 with -3.71%.
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