Q4 2023 Jervois Global Ltd Activities Report Call Transcript
Thank you for standing by and welcome to the Jervois Global Q4 2023 results call. (Operator Instructions) I would now like to hand the conference over to Mr. Bryce Crocker, CEO. Please go ahead.
Thank you very much and a pleasure to be here with James May, Chief Financial Officer again this quarter. Turning to slide 2, please note the usual disclaimers and let's move to the highlights slide, please moderator. On slide 3, the Q4 2023 highlights, Jervois, Finland contributed USD4.7 million in operating cash flow for the quarter, which rounded out the calendar year at USD46.1 million.
Fourth quarter prices-- fourth quarter results continue to be driven by locale prices with the price starting the quarter at USD1,450 per pound and finishing the year at USD13 per pound. We estimate global cobalt demand to have risen by approximately 15% in 2023, a healthy rise under normal circumstances.
Unfortunately, Chinese oversupply from the Democratic Republic of Congo or DRC continues to overwhelm market balances and
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