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Metal Bulletin - February 12, 2018
The price differential between high and low-grade cobalt narrowed last week, reflecting strong demand for units with chemical applications......
Prices for both grades continued to firm while consumer demand and tight supply persisted in the week before the Lunar New Year…High-grade cobalt prices were assessed at $37.75-39 per lb, in-warehouse, on Friday February 9…Multiple sources echoed the sentiment that cobalt prices would confidently reach $40 per lb in the coming weeks, with the Lunar New Year break highlighting the limited opportunities for restocking over the holidays.
Financial Times - February 12, 2018
Global car makers who are scrambling for supply of battery metal cobalt could instead turn to the millions of old smartphones lying in our......
Carmakers are growing increasingly anxious about securing supply of cobalt, a silver-grey metal that doubled in price last year. Over half of the world’s cobalt is mined in the Democratic Republic of Congo before it is sent to China to be refined for use in batteries…“We have billions of dismissed end-of-life smartphones …. That could be utilised to power millions of electric vehicles. Millions,” Mr Grynberg said. “If there is one thing that needs to be done in the first place starting now is to make sure there are mechanisms in place to motivate people to return their disused smartphones.”
BloombergQuint - February 12, 2018
(Bloomberg Gadfly) -- Can recycling save the world from a looming shortage of cobalt? The idea has sound precedent. Lead -- an essential...
probably the most extensively recycled industrial raw material on earth. With cobalt demand from cars, electric buses and utility-scale batteries set to soar over the next decade, mining cobalt from spent
The barely suppressed sense of panic comes from the scale of the supply-side challenge facing cobalt…Unlike other key battery materials such as lithium and graphite, in-ground mineral reserves of the metal have shown very little response to growing demand for rechargeable cells…With the exception of a single mine in Morocco, all the world's cobalt is produced as a by-product of other metals -- mostly copper in Africa, and nickel elsewhere. So price signals that would normally cause miners to ramp up supply are muffled, since the profitability of pits is governed by other elements…The 24,900 tons of annual cobalt production that consultants CRU Group estimate will come from old batteries by 2025 is quite a leap on the current 7,100 tons -- but it's a drop in the ocean next to the 147,000-ton increase in yearly demand that Bloomberg New Energy Finance forecasts by that date.
EVs & Energy Storage
Unknown - February 13, 2018
WSJ - Batteries charged by renewable energy are nibbling at power plants that generate extra surges of electricity during peak hours
Known as peakers, the natural-gas-fired plants are expensive to run, and typically are called into service only when demand rises and regular supplies are insufficient. That makes them vulnerable to inroads from lithium-ion batteries, which have fallen in price in recent years, and are emerging as a competitive alternative for providing extra jolts of electricity…A battery array three times the size of the Tucson project is being developed in Long Beach, Calif. Fluence Energy LLC, a joint venture of AES Corp. and Siemens , is building a battery that could power 60,000 Southern California homes for up to four hours. It will be the largest lithium-ion battery in the world—three times larger than a battery built last year by Tesla Inc. in Australia…The federal government estimates that a new gas-fired peaking plant could generate electricity for about $87 for a megawatt hour, including the cost of building the plant and buying fuel. By comparison, Xcel Energy Inc.’s Colorado subsidiary recently ran an open solicitation and received 87 bids for solar-plus-storage projects at a median price of $36 per megawatt hour, one of the lowest such bids to date.
Intelligent Transport - February 13, 2018
Revolutionary V2G technologies will be trialled and tested to determine whether energy from electric vehicles can be used in homes and...
‘V2GO’ is a large-scale demonstration of V2G charging using 100 electric fleet vehicles (cars and vans). The project will develop, trial and
The UK Government has dedicated £30 million to the development of new technology that could unlock the potential for electric vehicles to power people’s homes, known as vehicle-to-grid technology (V2G)…The schemes will attempt to demonstrate how stored energy from the electric vehicle batteries can be ‘borrowed’ by the electricity system before being recharged during off-peak periods.
For further information about the NICO Project and its Mineral Reserves, please refer to the Technical Report on the Feasibility Study for NICO, entitled "Technical Report on the Feasibility Study for the NICO-Gold-Cobalt-Bismuth-Copper Project, Northwest Territories, Canada", dated April 2, 2014 and prepared by Micon, which has been filed on SEDAR and is available under the Company's profile at


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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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