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Lower Cobalt Prices Contribute to Drop in Profits for Sherritt
Apr. 25, 2012 05:22PM PST
Battery Metals Investing
Globe and Mail reported that Sherritt Mining (TSX:S) reported lower profits in first quarter, citing lower cobalt and nickel prices.
Globe and Mail reported that Sherritt Mining (TSX:S) reported lower profits in first quarter, citing lower cobalt and nickel prices.
As quoted in the market news:
The company’s average realized nickel price in the quarter amounted to $8.66 per pound, down from $11.73 a year ago, while Sherritt received $14.10 per pound of cobalt, down from $17.55.
Click here to read the full Globe and Mail report.
