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The next Cobalt News will be delivered in early September.
 
EVs
 
The Economist - August 10, 2017
It had a good run. But the end is in sight for the machine that changed the world
The shift from fuel and pistons to batteries and electric motors is unlikely to take that long. The first death rattles of the internal combustion engine are already reverberating around the world—and many of the consequences will be welcome……. Demand for cobalt and rare-earth elements for electric motors is also soaring.
 
Bloomberg - August 9, 2017
BHP to talk with battery producers in Asia over nickel supply Nickel demand could double by 2050 aided by EV growth: BI
could more than double by 2050, fueled in part by rising electric-vehicle sales, Bloomberg Intelligence analyst Eily Ong wrote in a June
Rising demand from the battery sector will “have a disruptive impact” over the next 10 years on nickel, copper and cobalt markets, Independence Group NL CEO Peter Bradford said Tuesday in an interview with Bloomberg Television.
 
Reuters US News - August 10, 2017
(Adds quotes, detail) LONDON, Aug 10 (Reuters) - Mining and commodities trading group Glencore raised its earnings guidance on Thursday...
on Thursday and said it expected the increased take-up of electric vehicles and demand for storage to boost demand for its products. The
"The potential large-scale roll-out of electric vehicles and energy storage systems looks set to unlock material new sources of demand for enabling underlying commodities, including copper, cobalt, zinc and nickel," Glasenberg said.
 
The Economist (eClips Web) - August 10, 2017
But Sam Jaffe of Cairn ERA, a battery consultancy, expects demand for vehicle batteries to overtake that from consumer electronics as early as next year, marking a pivotal moment for the industry…..Other battery technologies that sound as if, in principle, they might have advantages are often touted—but none of them enjoys the decades of development that have turned lithium-ion devices from an intriguing idea into a dominant technology.
 
 
Cobalt
 
Reuters Canada - August 10, 2017
First Quantum Minerals Ltd said on Wednesday it plans to suspend operations at its Ravensthorpe nickel mine in Western Australia next month due
COMMENT: Ravensthorpe produced ~1,350 metric tonnes of cobalt in 2016
 
Washington Post - Bloomberg - August 8, 2017
(Bloomberg) -- An investment firm founded by Russian billionaire Vladimir Iorich is following its winning bet on cobalt this year by...
Jansen, a mining analyst at Citigroup Inc., recently called cobalt a "wonder metal" riding the boom in electric vehicles. The metal, mined
Cobalt is essential for lithium-ion batteries powering anything from Tesla Inc.’s cars to Apple Inc.’s iPhones and iPads. Heath Jansen, a mining analyst at Citigroup Inc., recently called cobalt a "wonder metal" riding the boom in electric vehicles.
 
 
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The materials appearing in this email contain forward-looking information. This forward-looking information includes, or may be based upon, estimates, forecasts, and statements as to management’s expectations with respect to, among other things, the size and quality of the Company’s mineral resources, progress in permitting and development of mineral properties, timing and cost for placing the Company’s mineral projects into production, costs of production, amount and quality of metal products recoverable from the Company’s mineral resources, anticipated revenues, earnings and cash flows from the Company's mineral projects, demand and market outlook for metals and coal and future metal and coal prices. Forward-looking information is based on the opinions and estimates of management at the date the information is given, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. These factors include the inherent risks involved in the exploration and development of mineral properties, uncertainties with respect to the receipt or timing of required permits and regulatory approvals, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal and coal prices, the possibility of project cost overruns or unanticipated costs and expenses, the possibility that production from the Company's mineral projects may be less than anticipated, uncertainties relating to the availability and costs of financing needed in the future, uncertainties related to metal recoveries and other factors. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that mineral resources will be converted into mineral reserves. Readers are cautioned to not place undue reliance on forward-looking information because it is possible that predictions, forecasts, projections and other forms of forward-looking information will not be achieved by the Company. The forward-looking information contained herein is made as of the date hereof and the Company assumes no responsibility to update them or revise it to reflect new events or circumstances, except as required by law.

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