Australia's Cobalt Blue jumps on plans to build US deep-sea mineral processing plant

Cobalt Blue Holdings

30/03/2026 02:27

** Cobalt Blue Holdings COB.AX jumps as much as 10.7% to A$0.083, highest since January 30

** Co and deep-sea mining firm Glomar Minerals plan to build U.S. refinery in three years to process critical minerals extracted from the bottom of Pacific Ocean

** About 2.1 million shares traded, 2.2x the 30-day average

** YTD, COB down 3.6%

 (Reporting by Sherin Sunny in Bengaluru)

 ((Sherin.Sunny@thomsonreuters.com))