Freeport Kokkola Cobalt Refinery

Operated by Freeport Cobalt Oy, the Kokkola cobalt refining plant is located in Kokkola in Western Finland. The plant is a joint venture between Freeport-McMoRan (56%), Lundin Mining Corporation (24%), Gécamines (20%). The company did produce cobalt sulphate and cobalt tetroxide from crude cobalt hydroxide. In 2019, Freeport Cobalt sold its cobalt chemical refining lines and cathode precursor business to Umicore but retained its cobalt powder production lines. Wood Mackenzie’s asset reports are built from the bottom up, incorporating several granular data metrics to ultimately produce our industry-standard cash operating costs. This report contains a detailed asset note giving you a holistic view of the asset, including an operational overview through to a timeline of events from inception to now. This qualitative analysis is supplemented by the associated Excel download which enables interrogation of a whole series of cost and production metrics over the life of the asset.