Inflation, labour costs and supply chain issues may bump up the construction price tag to finish the refurbishment and expansion of a Temiskaming cobalt refinery.
But Toronto’s Electra Battery Materials doesn’t expect any delays in the schedule to have the facility running by year’s end.
In a news release of its first quarter financials, Electra said based on market trends, the US$67 million capital budget “could be exceeded by five to 10 per cent.”
Read the full article from Northern Ontario Business
