Jervois Global Limited (AU:JRV) has released an update.
Jervois Global Limited has acknowledged a challenging year with a downturn in cobalt prices due to oversupply but remains optimistic about future demand driven by electric vehicle battery growth. The company has taken strategic steps to stabilize its financial outlook, including significant cost reductions and asset-level partnership discussions. Moreover, progress is being made in the U.S. with government engagement and the potential expansion of operations in Finland and the U.S., as well as advancing plans to restart the São Miguel Paulista refinery in Brazil.
For further insights into AU:JRV stock, check out TipRanks’ Stock Analysis page.
