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    8002   JP3877600001

MARUBENI CORPORATION

(8002)
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Delayed Japan Exchange  -  02:00 2022-07-06 am EDT
1177.00 JPY   -4.73%
07/01MARUBENI : Selected for the MSCI Japan ESG Select Leaders Index
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06/28CARADA Medica, Marubeni, and MTI Found New Company 'LIFEM', Supporting Women's Health Issues and Creating a Society Where Everyone Can Work Comfortably
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06/24MARUBENI : Certified Green Power Used at Marubeni Ordinary General Meeting of Shareholders
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Electra Battery Materials Corporation Signs Battery Recycling and Cobalt Supply Agreement with Marubeni Corporation

01/19/2022 | 07:00am EDT

Electra Battery Materials Corporation announced that it has signed a battery recycling and cobalt sulfate supply agreement with Marubeni Corporation. HIGHLIGHTS: Memorandum of understanding encompasses sourcing of black mass derived from recycled lithium-ion batteries for Electra's Canadian refinery and marketing of Electra's cobalt sulfate in Japan; Marubeni's wide network of battery recyclers in Asia and elsewhere will assist in the sourcing of lithium-ion battery material for Electra's hydrometallurgical recycling operation in Ontario, Canada; Electra intends to market a portion of its cobalt production into existing lithium-ion battery supply chains in Japan that are serving the North American market, as the Company develops its domestic Battery Materials Park; Electra is on track to commission its near-zero carbon cobalt refinery in late 2022, positioning the Company as the only producer of battery grade cobalt in North America. With this agreement, Electra and Marubeni are committing to providing electric vehicle manufacturers and battery cell makers with high-quality, low carbon and traceable battery materials. Electra will benefit from Marubeni's expansive network of battery cell recyclers worldwide to secure a stable source of black mass and other recyclable materials for the Company's recycling operation, which is slated for commissioning in 2023. Electra will also leverage Marubeni's strong presence in Japan and Asia as a preferred facilitator of battery raw material flows into the regional EV supply chain.


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All news about MARUBENI CORPORATION
07/01MARUBENI : Selected for the MSCI Japan ESG Select Leaders Index
PU
06/28CARADA Medica, Marubeni, and MTI Found New Company 'LIFEM', Supporting Women's Health I..
AQ
06/24MARUBENI : Certified Green Power Used at Marubeni Ordinary General Meeting of Shareholders
PU
06/10Marubeni - Middle East healthcare industry continues to attract international investors
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06/09MARUBENI : Middle East healthcare industry continues to attract international investorsMar..
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06/08Electric Power Development Co., Ltd. - J-POWER and Marubeni fund A$20 million in Glenco..
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06/08Marubeni and J-POWER fund A20 million in Glencore's CTSCo Project in Queensland
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06/08Inspirit Fund I, a fund managed by Inspirit Capital acquired Spaldings Ltd. from Marube..
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06/07MARUBENI : and J-POWER fund A$20 million in Glencore's CTSCo Project in Queensland
PU
06/07Japan's Marubeni, J-POWER to fund Glencore's carbon capture project in Australia
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Analyst Recommendations on MARUBENI CORPORATION
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Financials
Sales 2022 8 150 B 60 024 M 60 024 M
Net income 2022 421 B 3 102 M 3 102 M
Net Debt 2022 1 831 B 13 481 M 13 481 M
P/E ratio 2022 4,93x
Yield 2022 5,10%
Capitalization 2 018 B 14 861 M 14 861 M
EV / Sales 2022 0,47x
EV / Sales 2023 0,44x
Nbr of Employees 42 882
Free-Float 96,3%
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Mean consensus BUY
Number of Analysts 9
Last Close Price 1 177,00 JPY
Average target price 1 706,67 JPY
Spread / Average Target 45,0%
EPS Revisions
Managers and Directors
Masumi Kakinoki President, CEO & Representative Director
Takayuki Furuya Executive Officer & Manager-Corporate Planning
Fumiya Kokubu Chairman
Mutsumi Ishizuki Executive Officer & Head-Metals Division
Kyohei Takahashi Independent Outside Director
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