fortuneminerals
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Cobalt
 
Nasdaq.com - July 10, 2018
BEIJING, July 10 (Reuters) - China's remains heavily reliant on imports of oil, battery metals and other minerals while the growth in domestic reserves has slowed, the Ministry of Natural Resources said on Tuesday. Imported crude oil met 67 percent of China's needs in 2017, ministry official Ju

The level of reliance on imports of other minerals was 72 percent for nickel, 73 percent for iron ore and copper, 75 percent for lithium, 79 percent for gold and 90 percent for cobalt…Nickel, lithium and cobalt are vital for making rechargeable batteries, a sector China aims to lead amid an electric vehicle boom…While China is worried about its supply of these key materials, it controls a large proportion of the world's minor metals and rare earths.

 
 
EVs
 
Unknown - July 11, 2018
Tesla Inc. and the Shanghai government have left out a crucial detail in announcing a groundbreaking deal for the biggest name in electric cars to build its vehicles in China: how much it’s all going to cost.

Chief Executive Officer Elon Musk sealed a crucial agreement Tuesday to start building its second car assembly plant in the world. Construction will begin soon after approvals and permits are secured, and the first vehicles will roll off the line within roughly two years, a Tesla spokesman said in an email. It’ll take another two to three years for the factory to reach its capacity to build about 500,000 vehicles annually…Musk, 47, said more than two years ago that he expected Tesla to produce more than 500,000 vehicles in 2018 at its lone car-assembly plant in Fremont, California, but the company is well off that pace because of the Model 3’s slow start. It’s built a total of about 88,000 vehicles through the first half of this year…The carmaker also has a giant battery factory in Nevada. After moving ahead in China -- the world’s largest market for electric vehicles -- Musk has said he will reveal plans toward the end of this year to build a plant in Europe…China’s fast-growing market for new-energy vehicles presents a massive growth opportunity for Tesla. The category -- which includes battery-powered, plug-in hybrid and fuel-cell automobiles -- reached 777,000 units last year and could surpass 1 million sales in 2018, according to the China Association of Automobile Manufacturers. The government’s target is 7 million vehicles a year by 2025.

 
Yahoo Finance - July 11, 2018
per cent at 412,000. On Tuesday, the U.S. electric car maker Tesla announced plans to build its first factory outside the United States in

Sales of pure-electric and gasoline-electric hybrid vehicles rose 42.9 per cent to 84,000. Year-to-date sales were up 111.5 per cent at 412,000.

 
Electrek - July 3, 2018
Back in March, GM CEO Mary Barra said that the automaker is increasing Chevy Bolt EV production without specifying any details. Now, the automaker confirmed that it plans on increasing production by ‘more than 20 percent’ during the fourth quarter. Home Solar Power Chevy Bolt EV production has

Back in March, GM CEO Mary Barra said that the automaker is increasing Chevy Bolt EV production without specifying any details. Now, the automaker confirmed that it plans on increasing production by ‘more than 20 percent’ during the fourth quarter…Chevy Bolt EV production has been limited to about 2,000 units per month despite much stronger demand in several markets, like in Europe and Canada…GM said today that global sales are “estimated to be up more than 35 percent year over year in the second quarter and up more than 40 percent in the first half.”… Demand for the Chevrolet Bolt EV, especially in the United States, Canada and South Korea, has outstripped production. The extra production coming on line should be enough to help us keep growing global Bolt EV sales, rebuild our U.S. dealer inventory and bring us another step closer to our vision of a world with zero emissions.

 
 
Fortune In The Media
 
Mining Journal Select - Exceptional opportunities - July 10, 2018
Robin Goad, President and CEO, Fortune Minerals

Mining Journal Select London is a carefully selected group of projects as nominated by the Mining Journal from around the world for the Gold & Silver, Copper & Zinc and Energy Minerals commodity groups. The inaugural edition took place from 26th - 27th June 2018, giving attending investors a personalised, curated agenda of private investment meetings and an exclusive opportunity to assess the best global opportunities identified by Mining Journal, the voice of our industry. Click on title to access video.

 
 
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.

DISCLAIMER

Fortune Minerals Limited does not endorse or guarantee the accuracy or completeness of any third party publication regarding the Company and accepts no liability for any direct or consequential losses arising from its use. The information contained in third party publications is subject to verification by the user and Fortune is under no obligation to provide, or comment upon, such publications. This communication is not, and under no circumstances is to be construed as, an offer to sell or a solicitation to buy any securities. Any decision to invest in securities in the secondary market or otherwise should only be made after consulting the investor’s own investment, legal, accounting and tax advisors in order to make an informed determination of the suitability and consequences of such investment.

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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