24
Jun
14:48
COBALT: Costs rise to $107.5m for Jervois Global's Idaho project
Australia-based Jervois Global Ltd is facing higher costs to complete its developing Idaho Cobalt Operations in the western United States, Kallanish reports.
The capital cost of the Idaho project has grown from $99.1 million to $107.5m, an increase of about 7.5%. The higher cost is due to poor weather in May and June, contractor shortages and the inflationary environment in the United States, the company says in an update of the project now in its final phase of c…
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Very good overview of the weekly steel market.
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