Story
Worley Wins Engineering Contract for Missouri Cobalt Refinery Project

Australian engineering company Worley has secured an engineering services contract from United States Strategic Metals for a new processing facility in Missouri. The project is focused on bolstering the domestic U.S. supply chain for critical minerals used in batteries and other advanced technologies.
Project Scope
Worley will provide engineering services and procurement support for the development of a multi-metallic processing hub. According to the announcement, the company will be part of an integrated project management team responsible for overseeing the project's construction.
The planned facility includes two key components:
- A cobalt refinery for processing the critical battery metal.
- A black mass recycling process line, designed to recover valuable materials from spent batteries.
AdStrategic Importance for Battery Materials
This project represents a move to increase domestic processing capabilities for materials essential to the energy transition. Cobalt is a key component in the cathodes of many lithium-ion batteries used in electric vehicles (EVs) and energy storage systems.
Black mass recycling is an increasingly crucial part of the battery supply chain, allowing for the recovery and reuse of high-value metals like cobalt, lithium, and nickel from end-of-life batteries. Establishing such facilities in the U.S. is seen as a strategic step to reduce reliance on foreign processing and enhance resource security.
Read next
More on Stocks
FTC Orders Walmart, Uber, Delta to Disclose Data on Personalized Pricing
The U.S. Federal Trade Commission is demanding nine major companies, including leading retail, travel, and gig economy firms, to provide information on how they use consumer data for setting individual prices and wages.

Google Launches Gemini 4 Carbon AI Model to Bolster Cybersecurity Capabilities
Alphabet's Google has unveiled Gemini 4 Carbon, its latest AI model specifically designed for advanced cybersecurity tasks like vulnerability detection and secure code generation. The launch escalates competition with rivals OpenAI and Anthropic in the enterprise AI market.

Oracle Shares Surge After Unveiling $225 Billion Revenue Target for 2030
Oracle stock rose sharply after the company presented a long-term financial outlook targeting at least $225 billion in annual revenue by fiscal 2030, driven by its expanding AI infrastructure business.

DOJ Scrutinizes Nvidia's $12.9B Hugging Face Deal Amid Broader Antitrust Probe, Sources Say
The U.S. Department of Justice is reportedly examining Nvidia's planned $12.93 billion acquisition of AI platform Hugging Face as part of a wider, ongoing antitrust investigation into the chipmaker's market conduct.