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Cobalt
 
Metal Bulletin - May 15, 2019
Some mobile phone producers have started to develop devices that support the fifth generation (5G) network, but long-term support for...
the new phones, resulting in extensive orders for lithium cobalt oxide [LCO] batteries and the battery raw material - cobalt tetroxide,”...

There was likely to be an instant boost for cobalt demand, however, when many consumers replaced their 4G mobile phones with those enabled for 5G, market sources told Fastmarkets at the Cobalt Institute Conference in Hong Kong, May 15-16. But this support for cobalt demand was likely to be short-lived because the total consumption of cobalt for mobile phone manufacture was not expected to rise significantly, they added. “When consumers want to upgrade, you might see a large degree of demand for the new phones, resulting in extensive orders for lithium cobalt oxide [LCO] batteries and the battery raw material...

 
The Barrel Blog - May 16, 2019
Ahead of the S&P Global Platts Global Metals Awards in London, on May 16, The Barrel presents a special series of articles looking at the...
have heavily disincentivized, and thus reduced, artisanal activity so far. Higher nickel, lower cobalt batteries such as the NMC 811 are

Emmanuel Latham and Felix Maire take a look at how changing battery chemistries will affect markets for metals like cobalt, nickel and lithium…As the automotive sector hits difficult times, electric vehicles are proving to be one area in which horizons seem bright…Global light duty plug-in electric vehicles were up 43% year on year in February as depicted in the latest Platts Analytics EV Essentials data, and several carmakers are increasing their commitment to the electrification of passenger vehicles…As these commitments grow, the raw materials that underpin the EV industry are subject to greater scrutiny. Lithium, cobalt and nickel are all key components of the current cathode technology, NMC. Both lithium and cobalt have seen the landscape of their markets rewritten by the newfound demand, while nickel, the only one of the new ”battery metals” whose major demand base is not batteries, looks set to experience some supply shortages going forward…Higher nickel, lower cobalt batteries such as the NMC 811 are widely considered the future, using three times less cobalt than the existing NMC 111. Despite expectations that the cobalt quantity per battery will fall, overall cobalt demand (from passenger vehicles) is expected grow, according to S&P Global Platts Analytics.

 
Unknown - May 16, 2019
Benchmark World Tour 2019, Vancouver

Click on blue title to access 7:52 minute audio 

 
 
EVs & Energy Storage
 
Reuters US News - May 15, 2019
STOCKHOLM (Reuters) - Northvolt has secured a 350 million euro loan from the European Investment bank (EIB), the lender’s largest ever direct financing of battery technology, as the Swedish startup raises funds to build Europe’s biggest battery plant. The factory is critical to Europe’s effort to

Northvolt has secured a 350 million euro loan from the European Investment bank (EIB), the lender’s largest ever direct financing of battery technology, as the Swedish startup raises funds to build Europe’s biggest battery plant…Northvolt got a boost on Wednesday when IKEA said it was in the final stages of talks about participating in the fundraising for the factory…Northvolt asked the EIB for the loan in September, part of a 1.5 billion euro fundraising, split equally between debt and equity, to build half of its planned 32 gigawatt hours (GWh) of annual battery capacity by 2023…Other potential debt and equity investors had viewed the EIB’s approval as a crucial indicator of the project’s viability, he added, given the due diligence the bank would have carried out before granting the loan…Battery suppliers are also competing for raw materials as carmakers try and cut the use of expensive minerals, especially cobalt, from electric car batteries, to reduce costs…Carlsson said the cells Northvolt is currently building are close to the low-cobalt NMC811 formula used by Tesla-supplier Panasonic…Northvolt estimates the European electric vehicle market will need 500-600 GWh of annual capacity by 2030, or at least 10 factories as large as Tesla’s U.S. Gigafactory…The company had intended to sell half its battery capacity to grid storage and industrial and portable application customers but Carlsson said 80 percent of the 16 GWh it had already sold had gone to automakers…Volkswagen truck brand Scania told Reuters this week it was participating in the financing talks and had signed up to buy batteries from Northvolt, while a banking source named a number of other participants…The company has also applied for German funding to build a second factory in the region, as well as for a project with Volkswagen.

 
Reuters Canada - May 15, 2019
(Reuters) - Electric carmaker Tesla Inc will update its battery software after a Tesla Model S caught fire in a parking lot in a Hong Kong shopping mall on Sunday, Electrek reported on Wednesday. The company is "revising charge and thermal management settings on Model S and Model X vehicles" that

Tesla Inc will update its battery software after two recent fires involving its Model S electric vehicles (EV) in Shanghai and Hong Kong, the U.S. automaker said on Thursday, adding that investigations into the incidents are ongoing…“As we continue our investigation of the root cause, out of an abundance of caution, we are revising charge and thermal management settings on Model S and Model X vehicles via an over-the-air software update that will begin rolling out today, to help further protect the battery and improve battery longevity.” Tesla said in a statement on Wednesday.

 
Unknown - May 16, 2019
Shanghai, 15 May (Argus) — Chinese battery producer Guoxuan Hi-tech Power Energy has signed an agreement with Tata AutoComp Systems to develop a joint venture in India.

Guoxuan and Tata AutoComp will own 40pc and 60pc stakes in the joint venture, respectively. The joint venture will design, develop, verify and manufacture battery modules and packs as well as battery management systems for all types of passenger and commercial vehicles…Electric vehicle (EV) battery manufacturers are planning rapid capacity growth, with the four global leaders — Tesla/Panasonic, CATL, BYD and LG Chem — to add over 140 GWh/yr in capacity by 2021. This growth will boost global EV battery production capacity to 273 GWh/yr by 2021, a rise of 163pc within four years.

 
dummiesgadget - May 14, 2019
Huawei just launch the its newest mobile companion in the Philippines, the 12,000mAh 40W SuperCharge power bank with universal...
SuperCharge Power Bank features 3x 3,920mAh (44.9WHr) Lithium Cobalt Oxide batteries which is thinner and has longer cycle life than usual

Huawei 12000 40W SuperCharge Power Bank features 3x 3,920mAh (44.9WHr) Lithium Cobalt Oxide batteries which is thinner and has longer cycle life than usual cells…It highlights the 40W SuperCharge tech found on several Huawei devices such as the Mate 20 Pro and P30 Pro. According to Huawei it can charge P30 Pro up to 70 percent in only 30 minutes…The power bank measures at 135.4 x 69 x 15.5 mm and weighs at 225.5 g 

 
Bloomberg - May 15, 2019
Asian giant to keep No. 1 spot in sales for 20 years: BNEF Tesla, VW, others expanding in China’s electric-car market

Annual electric-car sales in the Asian country will reach 2 million units next year, after topping 1 million for the first time in 2018, according to the BNEF report released Wednesday. While China now accounts for more than half of global sales, other regions will start to catch up and its share will shrink to about 25% in 2040, the researcher said…Traditional internal-combustion cars will gradually give way to electric vehicles, before being overtaken. Electricity-powered cars will account for 8% of China’s passenger-vehicle sales next year, 20% in 2025 and 68% in 2040, according to the report…Easier registration of electric cars has boosted sales in major cities, while licenses for gas guzzlers remain tightly capped. The six cities of Beijing, Shanghai, Shenzhen, Tianjin, Hangzhou and Guangzhou accounted for about 35% of passenger electric vehicles sold in China last year, according to BNEF. Electric-vehicle sales in Shenzhen and Shanghai exceeded those in Germany and the U.K in 2018…Sales will be further spurred by China’s new stringent rules to promote the production of greener cars, BNEF said. Major manufacturers will be punished unless they meet quotas for zero- and low-emission cars or buy credits from other companies that exceed the quotas…Total EV production this year is set to exceed the government’s target, but most of the major global automakers aren’t generating enough credits and will have to buy them from local automakers, BNEF said.

 
Quartz - May 16, 2019
India won’t be shifting gears to electric vehicles (EVs) anytime soon. Only 6% of automobiles sold in the country by 2030 will be electric,...
or diesel car should be sold in the country.” The price of a lithium-ion battery, which powers modern EVs, has been on a sharp decline.

Only 6% of automobiles sold in the country by 2030 will be electric, according to the new global EV outlook by research firm BloombergNEF…The price of a lithium-ion battery, which powers modern EVs, has been on a sharp decline. Globally, EVs across most segments will become competitive with fossil fuel-based vehicles by mid-2020s, the outlook report says…However, the price gap won’t close so easily in India. “Fossil fuel-based vehicles in India are much cheaper than elsewhere,”…Two- and three-wheeler vehicles in India will be more attractive targets for electrification in the short term, the outlook report says. These also form the vast majority of EVs sold in India today…“Four-wheelers still have a few years’ before we can figure out a business model,” said Tarun Mehta, CEO of Bengaluru-based electric two-wheeler seller Ather Energy. “For two-wheelers, that problem no longer exists,” as their long-term cost, including running cost along with upfront cost, is now competitive with conventionally-fuelled two-wheelers.

 
 
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.