fortuneminerals
Click on blue article title to read full story.
 
Cobalt
 
Metal Bulletin - September 11, 2018
Despite the recovery in international cobalt prices, Chinese market participants are not confident of an immediate subsequent pick-up in...
role,” he added. Cashflow concerns Meanwhile, the prospect of an electric vehicle (EV) boom, and the need for cobalt in EV batteries, has

Despite the recovery in international cobalt prices, Chinese market participants are not confident of an immediate subsequent pick-up in Chinese cobalt sulfate prices due to persistent tight credit lines making it difficult for cobalt companies to access cash…The price for low-grade cobalt, which serves as a basis for Chinese cobalt producers to calculate cobalt raw materials import costs and a key indicator for Chinese cobalt prices, rose for the second consecutive pricing session to $33.35-33.95 per lb on September 7, reassuring the market of a steady recovery of cobalt prices outside China…“Weak demand and tight cashflows are two hurdles to price recovery; in my opinion, the latter may play an even more crucial role,” he added…Meanwhile, the prospect of an electric vehicle (EV) boom, and the need for cobalt in EV batteries, has encouraged major cobalt producers in China to either expand capacity or invest in the downstream industry – both of which require sustainable cashflows…Commercial banks have been reluctant to grant or maintain credit to cobalt companies due to falling cobalt prices and cobalt companies’ share prices, Metal Bulletin learned from the market. 

 
Business Wire - September 10, 2018
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
world leader in the mining and refining of nickel and cobalt from lateritic ores, today published the Applicable Reference Cobalt Price and

Sherritt International Corporation… today published the Applicable Reference Cobalt Price and Applicable Common Shares per Warrant Ratio for the three-month period ended August 31, 2018. …Sherritt will calculate and publish the Applicable Reference Cobalt Price based on the simple average of the midpoint of the Metal Bulletin High Price and the Metal Bulletin Low Price1, expressed in US dollars per pound, for the three consecutive full calendar months immediately preceding each monthly Conversion Ratio Reset Date…Reference Date: August 31, 2018; Applicable Reference Cobalt Price: US$37.77/lb

 
 
EVs & Stationary Storage
 
Government Europa - September 11, 2018
At the UK’s first ever Zero Emission Vehicle Summit, Prime Minister Theresa May announced a £106m investment in green vehicles, with a...
of up to 200 fast charging electric vehicle stations across the UK, and the development of an electric vehicle charging centre of excellence

In her speech, May discussed the opportunity that the investment represents for the UK to become a world leader in the development of cleaner transport. She said: “[We want] to put the UK at the forefront of the design and manufacturing of zero-emission vehicles, and for all new cars and vans to be, effectively, zero-emission by 2040… Today we have provided over £100 million of funding for innovators in ultra-low emission vehicles and hydrogen technology, with a further £500 million of investment from key industries in this sector.”… “These measures will drive the design, use, uptake and infrastructure necessary for cleaner, greener vehicles – and in doing so, it will help us drastically reduce a major contributor to our global warming emissions.”

 
Asian Metal - September 11, 2018
The signing ceremony of BYD's 30GWh power battery project was held in the high-tech zone of Xi 'an on September 9th. It is reported that...
development of the new energy vehicle industry in Shaanxi, strengthening the supporting capacity of Xi'an new energy vehicle power battery
 
The Irish Times - September 11, 2018
EU parliament’s environment committee says 40 per cent of car sales should be electric by 2040
a proposal to enforce targets that would see, by 2025, car makers compelled to have 20 per cent of sales made up of full-electric vehicles

The EU could be on the verge of introducing tough new targets for the sales of electric cars, in the wake of findings that car makers are already cheating on the new WLTP emissions test. The EU Parliament’s environment committee has approved a proposal to enforce targets that would see, by 2025, car makers compelled to have 20 per cent of sales made up of full-electric vehicles, or ‘Ultra Low Emissions Vehicles’ (ULEVs, which basically means plugin hybrids). By 2030, that figure is set to rise to 40 per cent of sales…The proposals get tougher still. By 2040, says the Parliament, there should be no emissions at all from new cars, a target well in advance of what the industry has been talking about.

 
Unknown - September 11, 2018
BEIJING, Sept 11 (Reuters) - China’s automobile sales fell for the second straight month in August as a weak macro economy and trade frictions with the United States made consumers cautious about spending, an industry association said on Tuesday.

Sales of new-energy vehicles – a category comprising electric battery cars and plug-in electric hybrid vehicles – rose 49.5 percent in August from a year earlier to 101,000 vehicles…That took new-energy vehicle sales in the first eight months of this year to 601,000 vehicles, up 88 percent from the same period a year earlier. 

 
Pulse by Maeil Business News - September 11, 2018
[Photo provided by Samsung SDI Co.] Shares of South Korea’s Samsung SDI Co., a global leader in ever-growing lithium-ion battery market,...
Korea’s Samsung SDI Co., a global leader in ever-growing lithium-ion battery market, are flying high on expectations of strong third-quarter

Shares of South Korea’s Samsung SDI Co., a global leader in ever-growing lithium-ion battery market, are flying high on expectations of strong third-quarter performance due to brisk growth in rechargeable batteries of all sizes…Korean names Samsung SDI and LG Chem are leaders in the Li-ion battery market estimated to reach $139.4 billion by 2026 from $30 billion in 2017 as rechargeables are used to power from electronics to cars and commercial buildings or even industrial sites…Demand for high capacity batteries has recently increased in the smartphone market following the use of 5G network, and rising solar power facilities of global companies like Japan’s SoftBank have generated new orders of its ESS batteries. 

 
 
Congo
 
Reuters Africa - September 10, 2018
DAKAR, Sept 10 (Reuters) - Democratic Republic of Congo’s revenues from its mining sector nearly tripled in the first half of 2018 over the...
revenues. Congo is Africa’s leading copper producer and the world’s top miner of cobalt, which is prized for its use in electric batteries.
 
 
Infrastructure
 
Resource Clips - September 10, 2018
Tom Hoefer said that with the exception of the NWT’s 97-kilometre Tlicho all-season road, the two territories have gone more than 40 years

Amid all the controversy over spending $4.5 billion of taxpayers’ money to buy a pipeline project whose $9.3-billion expansion might never go through, Ottawa managed to come up with some good, if relatively minor, infrastructure news…Chamber executive director Tom Hoefer said that with the exception of the NWT’s 97-kilometre Tlicho all-season road, the two territories have gone more than 40 years without government support for major projects. 

 
 
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.

Meltwater - 225 Bush St Suite 1000, San Francisco, California 94104 USA

To unsubscribe from this newsletter Click Here