Mar. 10 at 12:01 PM
$ELBM Electra and LG Energy Solution Update Multi-Year Cobalt Supply Agreement
GLOBENEWSWIRE 7:00 AM ET 3/10/2026
The updated agreement includes a firm commitment for 60% of Electra’s cobalt sulfate production through to 2029, keeping roughly 40% of capacity uncommitted and providing flexibility for Electra to capture potential upside in pricing cycles. The agreement also includes an option to extend the terms through to 2032. The price of cobalt sulfate has increased over 90% since the beginning of 2025, providing a constructive backdrop for Electra’s refining business (Source).
