[{"data":1,"prerenderedAt":715},["ShallowReactive",2],{"ticker-data":3,"story-article/jervois-agrees-rescue-deal-as-chinas-cobalt-dominance-squeezes-western-miners":550},[4,52,82,112,149,187,231,263,298,336,378,418,460,490,520],{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":8,"today":9,"last":10,"percentageChange":11,"yearToDate":12,"yearOnYear":13,"oneYearIndexTrend":14,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"2026-09-16","2wk","Updated every 2 weeks","Lithium",354.99,385.07,-7.81,51.88,112.02,[15,16,18,21,24,27,30,33,36,39,42,45],{"date":5,"value":9},{"date":17,"value":10},"2026-09-02",{"date":19,"value":20},"2026-08-19",372.67,{"date":22,"value":23},"2026-08-05",367.54,{"date":25,"value":26},"2026-07-22",388.26,{"date":28,"value":29},"2026-07-08",399.4,{"date":31,"value":32},"2026-06-24",410.62,{"date":34,"value":35},"2026-06-10",427.77,{"date":37,"value":38},"2026-05-27",449.85,{"date":40,"value":41},"2026-05-13",451.12,{"date":43,"value":44},"2026-04-29",404.38,{"date":46,"value":47},"2026-04-15",354.35,"/lithium/prices",null,false,true,{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":53,"today":54,"last":55,"percentageChange":56,"yearToDate":57,"yearOnYear":58,"oneYearIndexTrend":59,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"Lithium Carbonate",300.39,306.07,-1.86,18.27,69.99,[60,61,62,64,66,68,70,72,74,76,78,80],{"date":5,"value":54},{"date":17,"value":55},{"date":19,"value":63},297.22,{"date":22,"value":65},296.63,{"date":25,"value":67},309.38,{"date":28,"value":69},317.2,{"date":31,"value":71},330.54,{"date":34,"value":73},346.5,{"date":37,"value":75},358.35,{"date":40,"value":77},350.28,{"date":43,"value":79},328.09,{"date":46,"value":81},381.25,{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":83,"today":84,"last":85,"percentageChange":86,"yearToDate":87,"yearOnYear":88,"oneYearIndexTrend":89,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"Lithium Hydroxide",339.85,352.45,-3.57,67.22,122.85,[90,91,92,94,96,98,100,102,104,106,108,110],{"date":5,"value":84},{"date":17,"value":85},{"date":19,"value":93},341.12,{"date":22,"value":95},337.87,{"date":25,"value":97},354.36,{"date":28,"value":99},364.06,{"date":31,"value":101},376.67,{"date":34,"value":103},393.29,{"date":37,"value":105},411.01,{"date":40,"value":107},408.51,{"date":43,"value":109},372.51,{"date":46,"value":111},316.95,{"publishedDate":5,"updateFrequency":113,"updateFrequencyText":114,"label":115,"today":116,"last":117,"percentageChange":118,"yearToDate":119,"yearOnYear":120,"oneYearIndexTrend":121,"url":148,"subscription":49,"isProtected":50,"hasAccess":51},"1wk","Updated every week","Cobalt",178.66,189.92,-5.93,-24.05,25.17,[122,123,124,127,129,132,133,136,138,141,143,146],{"date":5,"value":116},{"date":17,"value":117},{"date":125,"value":126},"2026-08-26",192.6,{"date":19,"value":128},199.83,{"date":130,"value":131},"2026-08-12",217.25,{"date":22,"value":131},{"date":134,"value":135},"2026-07-29",221.25,{"date":25,"value":137},224.44,{"date":139,"value":140},"2026-07-15",223.01,{"date":28,"value":142},223.72,{"date":144,"value":145},"2026-07-01",218.73,{"date":31,"value":147},229.84,"/cobalt/prices",{"publishedDate":150,"updateFrequency":6,"updateFrequencyText":7,"label":151,"today":152,"last":153,"percentageChange":154,"yearToDate":155,"yearOnYear":156,"oneYearIndexTrend":157,"url":186,"subscription":49,"isProtected":50,"hasAccess":51},"2026-09-09","Nickel",119.13,119.61,-0.4,-1.33,12.77,[158,159,160,162,164,166,168,171,174,177,180,183],{"date":150,"value":152},{"date":125,"value":153},{"date":130,"value":161},121.04,{"date":134,"value":163},121.19,{"date":139,"value":165},122.66,{"date":144,"value":167},125.61,{"date":169,"value":170},"2026-06-17",131.5,{"date":172,"value":173},"2026-06-03",134.65,{"date":175,"value":176},"2026-05-20",135.83,{"date":178,"value":179},"2026-05-06",133.76,{"date":181,"value":182},"2026-04-22",125.43,{"date":184,"value":185},"2026-04-08",124.51,"/nickel/prices",{"publishedDate":188,"updateFrequency":189,"updateFrequencyText":190,"label":191,"today":192,"last":193,"percentageChange":194,"yearToDate":195,"yearOnYear":196,"oneYearIndexTrend":197,"url":230,"subscription":49,"isProtected":50,"hasAccess":51},"2026-08-28","1mo","Updated every month","Natural Graphite",80.18,80.66,-0.6,-1.72,-1.7,[198,199,201,204,207,210,213,216,219,222,225,227],{"date":188,"value":192},{"date":200,"value":193},"2026-07-31",{"date":202,"value":203},"2026-06-30",82.87,{"date":205,"value":206},"2026-05-29",82.99,{"date":208,"value":209},"2026-04-30",82.93,{"date":211,"value":212},"2026-03-31",82.39,{"date":214,"value":215},"2026-02-27",81.92,{"date":217,"value":218},"2026-01-30",81.69,{"date":220,"value":221},"2025-12-31",81.58,{"date":223,"value":224},"2025-11-28",81.35,{"date":226,"value":224},"2025-10-31",{"date":228,"value":229},"2025-09-30",81.74,"/natural-graphite/prices",{"publishedDate":200,"updateFrequency":189,"updateFrequencyText":190,"label":232,"today":233,"last":234,"percentageChange":235,"yearToDate":236,"yearOnYear":237,"oneYearIndexTrend":238,"url":262,"subscription":49,"isProtected":50,"hasAccess":51},"Anode Coke",81.86,80.54,1.63,9.96,16.35,[239,240,241,242,244,246,248,250,252,254,256,259],{"date":200,"value":233},{"date":202,"value":234},{"date":205,"value":234},{"date":208,"value":243},84.01,{"date":211,"value":245},79.79,{"date":214,"value":247},75.72,{"date":217,"value":249},74.61,{"date":220,"value":251},74.44,{"date":226,"value":253},72.75,{"date":228,"value":255},71.92,{"date":257,"value":258},"2025-08-29",71.46,{"date":260,"value":261},"2025-07-31",70.35,"/synthetic-graphite/prices",{"publishedDate":264,"updateFrequency":189,"updateFrequencyText":190,"label":265,"today":266,"last":266,"percentageChange":267,"yearToDate":268,"yearOnYear":269,"oneYearIndexTrend":270,"url":297,"subscription":49,"isProtected":50,"hasAccess":51},"2026-09-15","Anode",80.24,0,1.53,2.92,[271,272,274,275,277,280,282,285,287,289,291,294],{"date":264,"value":266},{"date":273,"value":266},"2026-08-17",{"date":139,"value":266},{"date":276,"value":266},"2026-06-15",{"date":278,"value":279},"2026-05-15",79.16,{"date":46,"value":281},81.98,{"date":283,"value":284},"2026-03-16",79.03,{"date":286,"value":284},"2026-02-16",{"date":288,"value":284},"2026-01-15",{"date":290,"value":284},"2025-12-15",{"date":292,"value":293},"2025-11-17",77.79,{"date":295,"value":296},"2025-10-15",77.96,"/anode/prices",{"publishedDate":299,"updateFrequency":189,"updateFrequencyText":190,"label":300,"today":301,"last":302,"percentageChange":303,"yearToDate":304,"yearOnYear":305,"oneYearIndexTrend":306,"url":335,"subscription":49,"isProtected":50,"hasAccess":51},"2026-08-01","Cathode",73.32,77.21,-5.04,14.41,55.07,[307,308,309,312,315,318,321,324,326,328,330,332],{"date":299,"value":301},{"date":144,"value":302},{"date":310,"value":311},"2026-06-01",80.32,{"date":313,"value":314},"2026-05-01",81.71,{"date":316,"value":317},"2026-04-01",77.27,{"date":319,"value":320},"2026-03-01",81.99,{"date":322,"value":323},"2026-02-01",80.5,{"date":288,"value":325},72.79,{"date":290,"value":327},64.08,{"date":292,"value":329},62.01,{"date":295,"value":331},53.51,{"date":333,"value":334},"2025-09-15",49.5,"/cathode/prices",{"publishedDate":337,"updateFrequency":189,"updateFrequencyText":190,"label":338,"today":339,"last":340,"percentageChange":341,"yearToDate":342,"yearOnYear":343,"oneYearIndexTrend":344,"url":377,"subscription":49,"isProtected":50,"hasAccess":51},"2025-03-31","Lithium ion Batteries",74.53,71.3,4.53,-1.6,-20.88,[345,346,348,351,354,357,360,363,366,368,371,374],{"date":337,"value":339},{"date":347,"value":340},"2025-02-28",{"date":349,"value":350},"2025-01-31",71.45,{"date":352,"value":353},"2024-12-31",75.74,{"date":355,"value":356},"2024-11-29",76.98,{"date":358,"value":359},"2024-10-31",77.34,{"date":361,"value":362},"2024-09-30",77.43,{"date":364,"value":365},"2024-08-30",80.56,{"date":367,"value":206},"2024-07-31",{"date":369,"value":370},"2024-06-28",87.2,{"date":372,"value":373},"2024-05-31",90.7,{"date":375,"value":376},"2024-04-30",93.2,"/battery-gigafactory/prices",{"publishedDate":379,"updateFrequency":6,"updateFrequencyText":7,"label":380,"today":381,"last":382,"percentageChange":383,"yearToDate":384,"yearOnYear":385,"oneYearIndexTrend":386,"url":417,"subscription":49,"isProtected":50,"hasAccess":51},"2026-09-10","Black Mass",42.03,43.88,-4.2,-2.58,38.13,[387,388,390,393,396,399,402,405,408,410,412,414],{"date":379,"value":381},{"date":389,"value":382},"2026-08-27",{"date":391,"value":392},"2026-08-13",42.33,{"date":394,"value":395},"2026-07-30",43.42,{"date":397,"value":398},"2026-07-16",46.74,{"date":400,"value":401},"2026-07-02",46.01,{"date":403,"value":404},"2026-06-18",49.57,{"date":406,"value":407},"2026-02-12",47.34,{"date":409,"value":404},"2026-01-29",{"date":288,"value":411},43.15,{"date":220,"value":413},47.05,{"date":415,"value":416},"2025-12-18",41.51,"/recycling/black-mass-prices",{"publishedDate":419,"updateFrequency":189,"updateFrequencyText":190,"label":420,"today":421,"last":422,"percentageChange":423,"yearToDate":424,"yearOnYear":425,"oneYearIndexTrend":426,"url":459,"subscription":49,"isProtected":50,"hasAccess":51},"2026-09-03","Rare Earths",170.83,169.63,0.71,19.72,22.18,[427,428,430,433,436,439,442,445,448,451,453,456],{"date":419,"value":421},{"date":429,"value":422},"2026-08-20",{"date":431,"value":432},"2026-08-06",172.28,{"date":434,"value":435},"2026-07-23",173.94,{"date":437,"value":438},"2026-07-09",171.69,{"date":440,"value":441},"2026-06-25",168.55,{"date":443,"value":444},"2026-06-11",165,{"date":446,"value":447},"2026-05-28",163.89,{"date":449,"value":450},"2026-05-14",172.63,{"date":208,"value":452},175.6,{"date":454,"value":455},"2026-04-16",172.01,{"date":457,"value":458},"2026-04-02",165.47,"/rare-earths/prices",{"publishedDate":188,"updateFrequency":189,"updateFrequencyText":190,"label":461,"today":462,"last":463,"percentageChange":464,"yearToDate":465,"yearOnYear":466,"oneYearIndexTrend":467,"url":377,"subscription":49,"isProtected":50,"hasAccess":51},"NCM Mid-Nickel",152.7,162.48,-6.02,17.38,53.11,[468,469,470,472,474,476,478,480,482,484,486,488],{"date":188,"value":462},{"date":200,"value":463},{"date":202,"value":471},171.08,{"date":205,"value":473},173.65,{"date":208,"value":475},164.53,{"date":211,"value":477},157.28,{"date":214,"value":479},151.44,{"date":217,"value":481},144.5,{"date":220,"value":483},130.09,{"date":223,"value":485},124.6,{"date":226,"value":487},122.35,{"date":228,"value":489},103.5,{"publishedDate":188,"updateFrequency":189,"updateFrequencyText":190,"label":491,"today":492,"last":493,"percentageChange":494,"yearToDate":495,"yearOnYear":496,"oneYearIndexTrend":497,"url":377,"subscription":49,"isProtected":50,"hasAccess":51},"NCM High-Nickel",144.45,149.67,-3.49,26.69,49.06,[498,499,500,502,504,506,508,510,512,514,516,518],{"date":188,"value":492},{"date":200,"value":493},{"date":202,"value":501},157.37,{"date":205,"value":503},160,{"date":208,"value":505},149.53,{"date":211,"value":507},141.97,{"date":214,"value":509},136.99,{"date":217,"value":511},129.81,{"date":220,"value":513},114.02,{"date":223,"value":515},109.17,{"date":226,"value":517},109.02,{"date":228,"value":519},99.44,{"publishedDate":188,"updateFrequency":189,"updateFrequencyText":190,"label":521,"today":522,"last":523,"percentageChange":524,"yearToDate":525,"yearOnYear":526,"oneYearIndexTrend":527,"url":377,"subscription":49,"isProtected":50,"hasAccess":51},"LFP",229.17,218.34,4.96,49.35,83.44,[528,529,530,532,534,536,538,540,542,544,546,548],{"date":188,"value":522},{"date":200,"value":523},{"date":202,"value":531},239.1,{"date":205,"value":533},258.32,{"date":208,"value":535},239.37,{"date":211,"value":537},213.01,{"date":214,"value":539},204.49,{"date":217,"value":541},218.06,{"date":220,"value":543},153.45,{"date":223,"value":545},134.02,{"date":226,"value":547},118.22,{"date":228,"value":549},111.93,{"id":551,"uuid":552,"name":553,"slug":554,"full_slug":555,"content":556,"relatedArticles":713,"relatedVideos":714},112468261057066,"5ef237be-5429-4526-86fa-1c90296f61bc","Jervois agrees rescue deal as China’s cobalt dominance squeezes western miners","jervois-agrees-rescue-deal-as-chinas-cobalt-dominance-squeezes-western-miners","article/jervois-agrees-rescue-deal-as-chinas-cobalt-dominance-squeezes-western-miners",{"_uid":557,"date":558,"tags":559,"editor":569,"content":579,"excerpt":690,"featured":51,"reporter":691,"_editable":695,"component":696,"seo_title":553,"categories":697,"visibility":706,"author_company":49,"featured_image":707,"seo_description":690,"author_full_name":49,"author_job_title":49,"formattedDate":711,"formattedArticleDate":712},"60266c16-570b-48b9-be80-33faa47b3dc4","2025-01-06 00:00",[560,563,566],{"slug":561,"name":562},"china","China",{"slug":564,"name":565},"jervois-global","Jervois Global",{"slug":567,"name":568},"usa","USA",[570],{"slug":571,"name":572,"content":573},"didi-bostock","Didi Bostock",{"job_title":574,"image":575,"bio":577,"linkedin":578},"Editor - Energy Transition & Economics",{"filename":576},"https://a.storyblok.com/f/287943243085208/512x512/2c5ca5c1a3/didi-bostock.jpeg","Didi is the Energy Transition & Economics Editor at Benchmark, covering a broad range of markets across the energy transition. His remit spans from downstream sectors such as BESS and EVs, through to midstream such as new technologies and battery production, to upstream critical minerals mining. He also leads on financial analysis across these supply chains, alongside in-depth policy analysis.\n","https://www.linkedin.com/in/didi-bostock-656342198/",{"type":580,"content":581},"doc",[582,599,608,613,626,631,642,649,654,659,664,669],{"type":583,"attrs":584,"content":585},"paragraph",{"textAlign":49},[586,589,597],{"text":587,"type":588},"Jervois Global will be taken private after reaching a restructuring agreement with key lender Millstreet Capital Management, citing cost pressures stemming from ","text",{"text":590,"type":588,"marks":591},"cobalt’s prolonged price slump linked to a Chinese-driven oversupply",[592],{"type":593,"attrs":594},"link",{"href":595,"uuid":49,"anchor":49,"target":49,"linktype":596},"https://source.benchmarkminerals.com/article/cmoc-supply-ramp-up-drives-cobalt-market-to-its-lowest-ebb-cobalt-2024-in-review?_branch_match_id=1544411570525243534&utm_source=facebook&utm_medium=share&_branch_referrer=H4sIAAAAAAAAA8soKSkottLXT0rNS87ITSzKzs3MSy1KzCnWSywo0MvJzMvW9yp0SzSMSkkOD0iyrytKTUstKsrMS49PKsovL04tsnXOKMrPTQUAv%2BnGuUgAAAA%3D","url",{"text":598,"type":588}," of the battery metal.",{"type":583,"attrs":600,"content":601},{"textAlign":49},[602],{"type":603,"attrs":604},"image",{"id":49,"alt":605,"src":606,"title":49,"source":49,"copyright":49,"meta_data":607},"","https://a.storyblok.com/f/287943243085208/c8d1384fba/bm-jervois-cobalt-5.png",{},{"type":583,"attrs":609,"content":610},{"textAlign":49},[611],{"text":612,"type":588},"“Jervois has been struggling for some time, with its Idaho Cobalt Operations (ICO) uniquely disadvantaged as a primary cobalt producer, unable to benefit from potential price uplifts in nickel or copper markets,” said Will Talbot, research manager at Benchmark.",{"type":583,"attrs":614,"content":615},{"textAlign":49},[616,618,624],{"text":617,"type":588},"ICO began commissioning in 2022, during a period of record high cobalt prices, but was placed on care and maintenance a year later as the market quickly turned. Today, the ",{"text":619,"type":588,"marks":620},"Benchmark Cobalt Price Assessment",[621],{"type":593,"attrs":622},{"href":623,"uuid":49,"anchor":49,"target":49,"linktype":596},"https://www.benchmarkminerals.com/cobalt/cobalt-prices/table",{"text":625,"type":588}," shows cobalt metal prices languishing close to historic lows of $10/lb, down 73% drop from the April 2022 peak.",{"type":583,"attrs":627,"content":628},{"textAlign":49},[629],{"text":630,"type":588},"“The deal could mark a growing interest in US critical minerals space from investors, given the more protectionist bent we would assume from the US government in coming years,” said Talbot. “Millstreet may believe the asset to be undervalued in the current price environment.”",{"type":583,"attrs":632,"content":633},{"textAlign":49},[634,636],{"text":635,"type":588},"Jervois has indicated that the ICO will remain on care and maintenance until cobalt prices reach at least $20/lb—a threshold not projected to be met until 2030, according to ",{"text":637,"type":588,"marks":638},"Benchmark’s forecasts.",[639],{"type":593,"attrs":640},{"href":641,"uuid":49,"anchor":49,"target":49,"linktype":596},"https://www.benchmarkminerals.com/cobalt/data-reports/forecast",{"type":643,"attrs":644,"content":646},"heading",{"level":645,"textAlign":49},4,[647],{"text":648,"type":588},"Low prices threaten US de-risking efforts",{"type":583,"attrs":650,"content":651},{"textAlign":49},[652],{"text":653,"type":588},"The cobalt market’s China-driven structrual oversupply is posing considerable headwinds for US de-coupling efforts. Last year the low-price environment created intolerable cost pressures for many western miners, while also stifling investment in new greenfield capacity globally.",{"type":583,"attrs":655,"content":656},{"textAlign":49},[657],{"text":658,"type":588},"The US government has shown support for domestic cobalt mining, with the Department of Defense (DoD) earmarking $15 million for Jervois’s Idaho operations in 2023. However, more comprehensive policy measures may be required to counter Chinese dominance in the market.",{"type":583,"attrs":660,"content":661},{"textAlign":49},[662],{"text":663,"type":588},"“Government support, such as the DoD/DoE loans, can help get projects off the ground but this may not be a sustainable solution long-term given the scale of the market’s structural oversupply” Talbot said.",{"type":583,"attrs":665,"content":666},{"textAlign":49},[667],{"text":668,"type":588},"Last month, during the Reuters NEXT conference, Jervois called for targeted policy interventions to support domestic projects, including incentives for manufacturers to prioritize domestic critical minerals through tax credits, rather than broad sweeping-tariffs.",{"type":583,"attrs":670,"content":671},{"textAlign":49},[672,674,680,682,688],{"text":673,"type":588},"President-elect Trump is set to impose tariff hikes on China and ",{"text":675,"type":588,"marks":676},"has further threatened to rip-up the free-trade agreement with neighbours Mexico and Canada",[677],{"type":593,"attrs":678},{"href":679,"uuid":49,"anchor":49,"target":49,"linktype":596},"https://source.benchmarkminerals.com/article/trump-tariffs-threats-could-impact-critical-mineral-supply-chains?_branch_match_id=1544411563239404295&utm_source=facebook&utm_medium=share&_branch_referrer=H4sIAAAAAAAAA8soKSkottLXT0rNS87ITSzKzs3MSy1KzCnWSywo0MvJzMvWTwpycS13DE8KD0iyrytKTUstKsrMS49PKsovL04tsnXOKMrPTQUAm2Mq10gAAAA%3D",{"text":681,"type":588},", proposals that would effectively tax foreign critical mineral supplies. The incoming President has also ",{"text":683,"type":588,"marks":684},"promised permitting reform",[685],{"type":593,"attrs":686},{"href":687,"uuid":49,"anchor":49,"target":49,"linktype":596},"https://source.benchmarkminerals.com/article/trump-promises-expedited-permitting-process-to-projects-over-1-billion?_branch_match_id=1544411554851496700&utm_source=facebook&utm_medium=share&_branch_referrer=H4sIAAAAAAAAA8soKSkottLXT0rNS87ITSzKzs3MSy1KzCnWSywo0MvJzMvWTzP1NDM2CkkKD0iyrytKTUstKsrMS49PKsovL04tsnXOKMrPTQUAz3OlVUgAAAA%3D",{"text":689,"type":588}," to accelerate the timeline for domestic project development.","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, […]",[692],{"slug":571,"name":572,"content":693},{"job_title":574,"image":694,"bio":577,"linkedin":578},{"filename":576},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"60266c16-570b-48b9-be80-33faa47b3dc4\", \"id\": \"\"}-->","article",[698,700,703],{"slug":699,"name":115},"cobalt",{"slug":701,"name":702},"critical-minerals","Critical Minerals",{"slug":704,"name":705},"geopolitics","Geopolitics","private",{"id":49,"alt":605,"name":605,"focus":605,"title":605,"source":605,"filename":708,"copyright":605,"fieldtype":709,"meta_data":710,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/bff6aa10cd/bm-mining.jpg","asset",{"alt":605,"title":605,"source":605,"copyright":605},"Jan 06, 2025","6th January 2025",[],[],1790082810834]