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Cobalt miner Jervois in rescue deal after struggle to compete with China

Reuters
Summary
Nutrition label

78% Informative

A collapse in the price of battery metal cobalt has forced fledging producer Jervois Global Ltd to delist and reorganise.

The move highlights a glut in cobalt, a key ingredient in electric vehicle batteries, as dominant Chinese producers continue to pump out the material.

The price of cobalt - used in electronics and a range of weapons - has tumbled 72% since hitting a peak in April 2022 .

VR Score

89

Informative language

95

Neutral language

48

Article tone

formal

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English

Language complexity

54

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not offensive

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not hateful

Attention-grabbing headline

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Known propaganda techniques

not detected

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short-lived

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