Electra Battery Materials is trading at $0.64 (+5.43%) after announcing a Glencore cobalt supply agreement.
- On August 20, 2026, Glencore will supply approximately 10,000 metric tonnes of contained cobalt through 2031, valued above US$500 million at current prices.
- The agreement secures 100% of feedstock needed for refinery commissioning and ramp-up through 2027, materially reducing supply risk as Ontario construction advances.
- Early-session activity is driving a significant gain; volume data is unavailable.