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Cobalt
 
Metal Bulletin - April 12, 2019
The following Fastmarkets minor metals prices changed on Friday April 12: Minor metals Bismuth MB China domestic, yuan/tonne:...
The following Fastmarkets minor metals prices changed on Friday April 12: Minor metals Bismuth MB China domestic, yuan/tonne: 47,000-

Friday April 12: Cobalt MB free market alloy grade, $/lb: $16.60-17.40 per lb 

 
Metal Bulletin - April 15, 2019
Cobalt hydroxide prices reflect the true fundamentals of the cobalt market, and are likely to be one of the market’s most important...
whole cobalt market anymore [due to the relatively small size of the cobalt metal market],” he added. The volatility of the cobalt metal

Cobalt hydroxide prices reflect the true fundamentals of the cobalt market, and are likely to be one of the market’s most important benchmarks, delegates who attended Fastmarkets’ Battery Materials Conference in Shanghai heard last week…“In the past, we recognized the cobalt metal price assessed by Fastmarkets and priced other cobalt products at certain ratio against this assessment,” Deng said…“However, the metal market at current and future stages can’t represent the whole cobalt market anymore [due to the relatively small size of the cobalt metal market],” he added…Other panelists shared similar views, saying that the size of the cobalt metal market is not sufficient to dictate the whole picture of the cobalt market, and more specifically, to dictate the price of cobalt hydroxide which has its own fundamentals…Cobalt metal is typically consumed by the aerospace and catalyst industries, while the battery sector is the main consumer of cobalt hydroxide, with the latter having its own fundamentals which differ from that of cobalt metal, according to Southgate…“The size of [the cobalt hydroxide market] approaches about 100,000 tonnes per year, while that for cobalt metal is at about 35,000 tonnes per year,” Southgate said…Fastmarkets assessed the standard-grade cobalt price at a two-and-half-year low of $13.30-14.20 per lb on March 22, down by 68.8% from a nearly ten-year high of $43.70-44.45 per lb on April 23, 2018. The price was most recently assessed at $15.35-16.75 per lb on April 12…Fastmarkets’ monthly cobalt hydroxide index, min 30% Co, was at $9.81 per lb, cif China, on March 29, while the payable indicator was at 66-68% against Fastmarkets’ standard-grade cobalt price (low end) on the same day.

 
Metal Bulletin - April 15, 2019
The uptick in cobalt metal spot buying in the past two to three weeks has been attributed to stockpiling rather than consumption, delegates heard at Fastmarkets’ Battery Materials Conference in Shanghai last week. The stockpiling was prompted by an expectation that the price will have an apparent

The uptick in cobalt metal spot buying in the past two to three weeks has been attributed to stockpiling rather than consumption, delegates heard at Fastmarkets’ Battery Materials Conference in Shanghai last week…The stockpiling was prompted by an expectation that the price will have an apparent and sustainable rebound in two to three years, Tony Southgate from Stratton Metals said during a panel discussion on Friday April 12…However, this stockpiling activity and resulting price rise is temporary, and the price will be vulnerable to a backswing because metal producers are persistently building up inventories, according to Southgate…Although demand from the electric vehicle sector has strengthened as time goes on, there is a decline of demand from the mobile phone sector, Southgate told conference delegates…“Some producers of raw materials for mobile phones are big consumers of metal and such demand is dropping,” Southgate said, adding that such traditional metal consumers now choose to feed on cheap hydroxide instead of metal. 

 
 
EVs & Energy Storage
 
Reuters US News - April 15, 2019
BEIJING (Reuters) - Toyota Motor Corp has agreed to sell electric car technology to Singulato, its first deal with a Chinese electric vehicle startup, allowing the fledgling firm to speed up development of a planned mini EV. In return, Toyota will have preferential rights to purchase green-car credits that Singulato will generate under China’s new quota system for all-electric and plug-in hybrid vehicles.

Toyota Motor Corp has agreed to sell electric car technology to Singulato, its first deal with a Chinese electric vehicle startup, allowing the fledgling firm to speed up development of a planned mini EV…In return, Toyota will have preferential rights to purchase green-car credits that Singulato will generate under China’s new quota system for all-electric and plug-in hybrid vehicles…“With electrification, autonomous driving and car-sharing shaking up the industry, old ways need to be re-examined,” one of the Toyota sources said..Singulato will acquire a license to use the design of Toyota’s eQ - a battery electric microcar…The agreement is a vote of confidence by Toyota in Singulato’s prospects, said Shen. Founded in 2014 and backed by Intel Corp and Japanese trading house Itochu Corp, Singulato is one of at least 50 Chinese EV startups seeking to survive in a competitive market…It plans to sell its first self-developed battery electric car called the iS6 this year, competing with models from rival startups like Nio and WM Motor as well as those from global automakers…Toyota sold about 100 eQ cars in 2012 and then discontinued it due to concerns over the limits of EVs, including their high price tags, short driving range and long charge time…Shen said the iC3 should be able to go as far as 250-300 km (160-190 miles) on a single full charge and will be priced around 100,000 yuan ($15,000). Singulato aims to sell 200,000 units over five years…Keen to combat smog, jump-start its own auto industry and lower reliance on imported oil, China is aggressively pursuing the adoption of electric cars. Under a production quota system taking effect this year, automakers are required to produce and sell a certain number of new-energy vehicles in proportion to their overall sales volume…A carmaker that fails to achieve its quotas will have to acquire NEV points from an automaker with surplus credits or face penalties.

 
Reuters US News - April 14, 2019
SHANGHAI (Reuters) - Volkswagen is pushing its joint venture partners including SK Innovation (SKI) to build electric car battery plants...
supply Volkswagen’s plant in Chattanooga, Tennessee. SKI will supply lithium-ion battery cells for an electric car that Volkswagen plans to

Volkswagen is pushing its joint venture partners including SK Innovation (SKI) to build electric car battery plants which have at least one Gigawatt manufacturing capacity, Chief Executive Herbert Diess told Reuters… “Anything below that amount would make little sense,” Diess said on the sidelines of the Shanghai Auto Show on Sunday…The German automaker is retooling 16 factories to build electric vehicles and plans to start producing 33 different electric cars under the Skoda, Audi, VW and Seat brands by mid 2023… “We are considering an investment in a battery manufacturer in order to reinforce our electrification offensive and build up the necessary know-how,” Volkswagen said.

 
 
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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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.