Australia's Cobalt Blue rises to 1-1/2-month high on contract with Glencore unit

Cobalt Blue Holdings

29/05/2025 02:15

** Shares of Cobalt Blue Holdings COB.AX rise 26.1% to A$0.07, set for their strongest trading session since mid-January 2022, if gains hold

** Stock hits its highest level since April 17

** The green energy exploration firm signs a contract with Glencore's unit GLEN.L, Glencore International AG

** Contract for the supply of cobalt hydroxide feedstock to co's Kwinana refinery in Western Australia

** Says contract with Glencore helps solidify co's position as a participant in the global cobalt industry

** More than 31.1 million shares change hands, 6.4 times its 30-day average volume

** Stock up 2.9% YTD, including current session's moves

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))