What does Sherritt do?
Sherritt is a world leader in the mining and refining of nickel and cobalt — metals essential for the growing adoption of electric vehicles. Its Technologies Group creates innovative, proprietary solutions for oil and mining companies around the world to improve environmental performance and increase economic value.
How many employees does Sherritt have?
|Products||nickel, cobalt, oil, gas, power, fertilizer|
|Revenue||CA$497 million (combined) (2020)|
|Number of employees||3,255 (2020)|
Is Sherritt stock a good buy?
Sherritt International has received a consensus rating of Hold. The company’s average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
What is Sherritt Gordon process?
1947, a process ( Fig. 2) in this regard was invented by Sherritt Gordon. In this process, ammonia leaching of sulfide minerals of copper, nickel, cobalt and iron was conducted at a temperature of about 105 °C and air pres- sure of 0.8 MPa.
What is the future for Sherritt International?
Analyst Future Growth Forecasts Earnings vs Market: S is forecast to become profitable over the next 3 years, which is considered above average market growth. High Growth Earnings: S’s is expected to become profitable in the next 3 years.
How much nickel does Sherritt produce?
Nickel and cobalt are refined in Fort Saskatchewan, Alberta, Canada from mixed sulphide intermediate prepared at the mine and processing plant in Moa, Cuba. This 50/50 joint venture, has the capacity to produce up to 35,000 tonnes of nickel and 3,800 tonnes of cobalt (100% basis) per year.
How do you extract cobalt from its ore?
Extraction from sulfide ores is done using floatation, sulfide smelting to converter matte and later refining of the matte to recover cobalt. The extraction from lateritic ores is by leaching, sulfide precipitation, re-dissolution, cobalt solvent extraction and then electrowinning or hydrogen reduction.
How pure cobalt is extracted from its ore?
The ore is comminuted and the cobalt rich oxides are separated by froth flotation. The cobalt-bearing concentrate is then mixed with lime and coal, and then melted in a reducing atmosphere. Iron and lighter impurities float to the surface as solid dross or are expelled from the melt as gas.
How does Sherritt refine nickel?
The reduction of nickel occurs as a batch operation in the reduction autoclaves. Here an autoclave is filled with the purified solution and a small amount of nickel powder. Hydrogen is added under pressure and the nickel precipitates from solution, depositing on the nickel powder.
What is nickel briquettes?
Formed as a brick shape and containing over 99.8 percent nickel, the nickel briquette [is] seen as a suitable feedstock for production of nickel sulphate used in electric vehicle batteries and has been used extensively by domestic refineries.”
How much is cobalt worth?
In 2021, the average spot price of cobalt in the U.S. stood at 23 U.S. dollars per pound. This is a considerable price decrease from 2018, when the price was 37.4 U.S. dollars per pound. Cobalt has a variety of uses, most commonly in the industrial sector.