BHPBF - Cobalt Miners News For The Month Of September 2021

• Cobalt spot prices were slightly higher for the month and LME cobalt inventory was about the same.
• Cobalt market news - Canaccord forecasts a cobalt deficit as early as 2024, forecasts prices rising beyond the previous peak of US$42.52/lb and sets long-term pricing at US$40/lb.
• Cobalt miners news - GEM Jiangsu halts cobalt production under local energy-saving policy. First Cobalt announces ~US$45m financing for construction of North American Battery Materials Refinery.
• Jervois Global closes Freeport cobalt acquisition and raises approximately A$313 million in total. Cobalt Blue produces a premium Mixed Hydroxide Product.
• Global Energy Metals announces drilling at Millennium Cobalt-Copper-Gold Project returns strong initial results, including MI21RC01 – 16m @ 1.07% Cu, 0.26% Co and 0.40g/t Au from 80m.

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