Jervois agrees rescue deal as China’s cobalt dominance squeezes western miners

Jervois Global will be taken private after reaching a restructuring agreement with key lender Millstreet Capital Management, citing cost pressures stemming from cobalt’s prolonged price slump linked to a Chinese-driven oversupply of the battery metal. “Jervois has been struggling for some time, with its Idaho Cobalt Operations (ICO) uniquely disadvantaged as a primary cobalt producer, […]