fortuneminerals
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Cobalt
 
Financial Times - December 7, 2017
Robert Friedland calls it the “revenge of the miners”. As demand increases for battery materials, producers will find themselves in the...
The price for cobalt, a key battery metal, has risen by more than 100 per cent so far this year, and almost all analysts forecast further increases in price since there is little new supply arriving over the next few years. And most new supply is due to come from the Democratic Republic of Congo, one of the world’s poorest countries, which increases the risk of disruption… Furthermore, almost all carmakers and battery producers are looking for supply of cobalt, so miners are not short of customers…So what could a deal look like that satisfies both sides?
 
InvestorDaily - December 6, 2017
The rise in the production of new technologies such as batteries, automated cars and solar panels will see an appetite for rare metals,...
were used often in the production of batteries or technologies such as self-driving vehicles, lithium, cobalt, copper and silver will enjoy
“Agriculture made up the bulk of the commodity market in the 18th century, steel and coal during the subsequent industrial revolution, and oil and petroleum reigned supreme in the last century,” ETF Securities head of research and investment strategy James Butterfill said…“We now stand at a tipping point for a new generation of commodities driven by intertwining technologies among the themes of energy efficiency, automation and climate change, which are likely to be central for demand.”…Because metals were used often in the production of batteries or technologies such as self-driving vehicles, lithium, cobalt, copper and silver will enjoy greater demand, the report said.
 
Reuters US News - December 6, 2017
NEW YORK (Reuters) - Brazilian miner Vale SA dialed back its nickel output forecasts for the next five years on Wednesday, although the...
batteries used in electric vehicles have companies scrambling to lock in supplies of key ingredients like nickel, cobalt and lithium. Maki,
Vale cut its nickel output estimate by 15 percent to 263,000 tonnes next year and said it was still seeking an investor for its New Caledonia nickel mine…The company said on Wednesday it would make a decision by the end of next year whether to plow a needed $500 million into its New Caledonia project over the next four years. It has previously said it has received bids to invest in the mine, which is located on a Pacific island. COMMENT: VALE’S NEW CALEDONIA MINE PRODUCED AN ESTIMATED 3,200 TONNES OF COBALT IN 2016.
 
 
EVs
 
Asian Metal - December 7, 2017
BYD announced on December 5 that the total annual capacity of BYD power batteries will reach 16 Gwh by the end of this year.Asian Metal...
In particular, the annual capacity for lithium iron phosphate batteries is 10Gwh and that for NCM battery is 6Gwh.Asian Metal Copyright .
BYD disclosed that at present, the company’s newly promoted PHEV has applied with NCM battery, and will use the NCM battery on some passenger cars next year, but the bus and E6 will continue to use lithium iron phosphate battery for the time being.
 
 
Congo
 
MSN South Africa - December 7, 2017
Roadblocks in war-torn areas of Central African Republic and Democratic Republic of Congo provide armed groups with millions of euros...
And it’s the people that suffer." "Its time for the international community to broaden its scope beyond conflict minerals," Schouten said.
In the eastern region of DR Congo, the inquiry found 798 roadblocks set up at average intervals of 18 km. Of these, 569 were operated by government agents…The area has been the scene of inter-ethnic violence for the past 20 years, as groups clash for control of mining and other resources…"Finding a Congolese road without a roadblock is a challenge –- basically, everything that moves, is taxed," said Peer Schouten, IPIS research coordinator and the study's lead author. "Women going to market, farmers accessing fields, traders taking to the road… We were surprised at the sheer density of roadblocks. They indicate the extent of structural extortion in Congo. And it’s the people that suffer."
 
 
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CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

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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