Electra Battery Materials aims for spring 2023 plant startup
Inflation and supply chain issues are pumping up the price tag for Electra Battery Materials to bring a Temiskaming refinery back to life. It will delay the plant’s startup, originally scheduled for December, moving the commissioning to the spring of 2023.
Toronto-based Electra is feeling the domino effect of the industry-wide price and supply-chain pinch, especially coming out of Asia. The original capital budget of US$67 million to refurbish and expand the former Yukon refinery is now looking more in the range of US$76 million to US$80 million.