Electra Battery Materials signs 5-year cobalt sulfate offtake/marketing term sheet with trader WMC
صفقة مُبرمة – Switzerland
Canada's Electra agreed a term sheet making Swiss trader WMC Group the buyer and exclusive marketer of cobalt sulfate from its Ontario refinery, up to nameplate capacity, with WMC also helping source cobalt feedstock. Value and binding status were not disclosed.
| Lead type | Deal / award |
|---|---|
| Status | Deal signed – freight, inspection & finance needed |
| Product | Battery-grade cobalt sulfate; cobalt feedstock |
| Product group | Metals, ores & minerals · HS 26, 74–81 |
| Quantity | Up to refinery nameplate capacity |
| Buyer | WMC Group AG |
| Supplier / seller | Electra Battery Materials |
| Country | Switzerland · Europe |
| Origin | Canada (Ontario refinery) |
| Delivery / terms | Five-year term |
| Published | 13 Oct 2026 |
| Source | MINING.COM |
What to do
This deal is done – use it as a buying signal. The buyer imports this product, often on a regular cycle, so competing suppliers can prepare for its next tender. The shipment itself will need vessels and freight, inspection and testing, cargo insurance, trade finance, port handling and customs services.
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