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Cobalt
 
Reuters US News - June 11, 2018
(Reuters) - Brazil’s Vale on Monday unveiled a $690 million financing to expand a Canadian nickel mine, agreeing to sell unmined cobalt...
in prolonging battery life and providing stability to rechargeable batteries used in electric vehicles and electronics. Cobalt prices have

Brazil’s Vale on Monday unveiled a $690 million financing to expand a Canadian nickel mine, agreeing to sell unmined cobalt from Voisey’s Bay as a booming electric vehicle market propels demand for the critical battery ingredient…Vale said it would sell cobalt mined after 2021 as a by-product from the mine in Canada’s northern Labrador region to Wheaton Precious Metals Corp and Cobalt 27 Capital Corp in a so-called stream financing deal…From an obscure minor metal and salt probably best known for dyeing porcelain blue, cobalt has stormed to the forefront of the mining industry due to its importance in prolonging battery life and providing stability to rechargeable batteries used in electric vehicles and electronics.

 
 
EVs & Energy Storage
 
Institute for Energy Economics & Financial Analysis - June 11, 2018
Wall Street Journal: Global spending on renewable energy is outpacing investment in electricity from coal, natural gas and nuclear power...
Global spending on renewable energy is outpacing investment in electricity from coal, natural gas and nuclear power plants, driven by falling costs of producing wind and solar power.

Global spending on renewable energy is outpacing investment in electricity from coal, natural gas and nuclear power plants, driven by falling costs of producing wind and solar power…More than half of the power-generating capacity added around the world in recent years has been in renewable sources such as wind and solar, according to the International Energy Agency…In 2016, the latest year for which data is available, about $297 billion was spent on renewables—more than twice the $143 billion spent on new nuclear, coal, gas and fuel oil power plants, according to the IEA…Once supported overwhelmingly by cash-back incentives, tax credits and other government incentives, wind- and solar-generation costs have fallen consistently for a decade, making renewable-power investment more competitive…Renewable costs have fallen so far in the past few years that “wind and solar now represent the lowest-cost option for generating electricity,” said Francis O’Sullivan, research director of the Massachusetts Institute of Technology’s Energy Initiative.

 
Greentech Media - June 12, 2018
Companies that need batteries are placing bets with the firms that make them.
the 25 already in operation. There will be 470 gigawatt-hours of lithium-ion battery production a year in place.  As GTM reported, Tesla is

The industrial giant Siemens has announced a €10 million (USD $12 million) investment in the Swedish battery manufacturing venture Northvolt…The partnership will also see Siemens becoming a Northvolt battery customer once the gigafactory begins operating in 2020…Northvolt’s CEO, former Tesla supply chain vice president Peter Carlsson, also favors an IT-heavy production system…The potential for Siemens to show off its industrial digitization system at Northvolt, in return for a long-term battery supply contract, was likely a big factor in the deal…Norhvolt has managed to pull in significant levels of big-name funding since it emerged from stealth mode in 2016. Investors so far include ABB Technology Ventures, Vestas, Scania, and Swedish power company Skellefteå Kraft…Northvolt has also received funding from the Swedish Energy Agency and the European Investment Bank…The company claims to be planning Europe’s largest lithium-ion factory, with capacity for production of 8 gigawatt-hours of batteries a year upon commissioning. By 2023, the company plans to have extended production capacity to 32 gigawatt-hours a year…The gigafactory build-out will give Europe 17 percent of the world’s lithium-ion manufacturing capacity by 2023, Benchmark estimates. That will be far behind China’s 53 percent share but on par with the rest of Asia and slightly ahead of North America, with 14 percent…Overall, Benchmark expects 36 new gigafactories to take shape worldwide between now and 2023, on top of the 25 already in operation. There will be 470 gigawatt-hours of lithium-ion battery production a year in place. 

 
Quartz - June 12, 2018
The world needs radical new energy technologies to fight climate change. In 2016, Quartz reported that a group of billionaires—including...
its cheap materials, Aquion’s salt-water battery couldn’t compete on pricing with lithium-ion batteries, which had many more players working

The world needs radical new energy technologies to fight climate change. In 2016, Quartz reported that a group of billionaires—including Bill Gates, Jeff Bezos, Jack Ma, Mukesh Ambani, and Richard Branson—launched Breakthrough Energy Ventures (BEV) to invest at least $1 billion in creating those technologies…BEV will be investing in: Form Energy and Quidnet Energy. Both companies are developing new technologies to store energy, but taking completely different approaches to achieve that goal…Energy storage can overcome the biggest limitation of modern renewable power: Solar panels and wind turbines can only generate energy when the sun is out or the wind is blowing. With better storage technology, that zero-carbon energy could be stored for cloudy or windless days…The most widely used form of energy storage currently is pumped hydro…Quidnet’s technology uses water to store energy, but without the need for rivers or dams. Instead, it uses excess electricity to pump water into the underground shale rock found in new wells dug for the purpose or in abandoned oil-and-gas wells…Over the last 20 years, the cost of batteries has fallen rapidly and consistently. It’s one reason why electric cars are slated to become cost competitive with gasoline-powered cars within the next decade...In 2010, the cost of lithium-ion batteries, which is currently the most powerful and reliable type of battery chemistry, was about $1,000/kWh, according to Bloomberg New Energy Finance. By 2017, that had dropped to about $200/kWh…experts predict that lithium-ion battery costs will bottom out at about $100/kWh. The solution to store energy for weeks and months at a time then would be to develop batteries that can cost less than $10/kWh. Form Energy says it is working on a new type of battery that could break the $10/kWh threshold… “Thanks to lithium-ion batteries, storing energy for less than a day is a solved problem,” says Wiley, Form’s CEO. “Our goal is to find solutions to store energy for weeks, months, and maybe even across seasons at a fraction of the cost of current technology.” …One of the candidate chemistries, Chiang confirmed, is a “sulfur-flow battery…Because of the extra equipment, flow batteries cannot be used in smartphones or electric cars. But they are a good solution for grid-scale storage. Many types of flow-battery chemistries have been developed, but Chiang’s uses cheap and abundant sulfur…Startups of any kind fail more often than they succeed, and energy storage is a particularly difficult problem. Bill Gates would know. Before BEV, he invested in at least two very promising energy-storage companies, and neither had much success.

 
 
Congo
 
Bloomberg - June 11, 2018
Citic Metal has agreed to buy a stake in Ivanhoe mines Ivanhoe developing Africa’s biggest copper discovery in Congo
to sell about a third of its cobalt output to GEM Co., a Chinese supplier of battery chemicals. Congo last week approved the final parts of

China is making another big bet on copper in the Democratic Republic of Congo, deepening its presence in a country that’s proved very difficult for Western business…The investment shows how China, the world’s biggest commodity consumer, is looking to Africa to secure future natural resource supplies and positioning industry to take advantage of the move to battery and electric-car technology…“This is China in the ascendancy,” said Paul Gait, an analyst at Sanford C. Bernstein & Co. in London. “The West is losing its tolerance and appetite for securing what is necessary to power an economy.”… China Molybdenum Co. bought a stake in one of Congo’s biggest copper and cobalt mine, Tenke Fungurume, as part of a $3.8 billion deal last year, and Freeport-McMoRan has left the country. China’s Zhejiang Huayou Cobalt Co. is developing a copper mine near Kolwezi in the country’s southeast. In March, Glencore agreed to sell about a third of its cobalt output to GEM Co., a Chinese supplier of battery chemicals.

 
Yicai Global - June 12, 2018
China's NFC Forges On With Ore Project at World's Largest Cobalt, Copper Source (Yicai Global) June 12 -- China Nonferrous Metal Industry's...
Survey as saying. Cobalt can increase the energy density of lithium batteries, the most common power source for electric cars. The RTR

China Nonferrous Metal Industry's Foreign Engineering and Construction will continue to serve as the building contractor for a key ore project in the Democratic Republic of Congo, the world's biggest source of copper and cobalt…NFC signed a USD155 million-contract with La Compagnie De Traitement Des Rejets De Kingamyambo to keep working at the Metalkol Roan Tailings & Reclamation smelting plant…Congo is the world’s biggest source of cobalt…China produces more than 80 percent of the world's refined cobalt and is also the world's leading consumer of the element, with the country's rechargeable battery sector using nearly 80 percent of supply, China Daily cited data from the United States Geological Survey as saying. Cobalt can increase the energy density of lithium batteries, the most common power source for electric cars…The RTR project started construction in June 2015, and after completion, the annual capacity of both natural resources will increase 50 percent to 21,000 tons of cobalt…

 
 
fortuneminerals
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 www.sedar.com.

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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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