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EVs & Energy Storage
 
The World Economic Forum - July 10, 2019
This article is part of the World Economic Forum's Geostrategy platform Oil has played a pivotal role in shaping geopolitics for more than...
with poor governance records, like the Democratic Republic of the Congo, home to most of the world’s cobalt. Without a coordinated effort to

Oil has played a pivotal role in shaping geopolitics for more than a century. But the rise of electric vehicles and shift toward cleaner fuels means that the world’s dependence on oil could begin to shrink, with both expected and unexpected consequences… Even conservative forecasts show significant growth in EV adoption over the next several decades, with some projections showing EV penetration rising high enough to flatten oil demand from 2020 to 2030…Many of the international oil companies now are getting involved in EV markets or supply chains…Several of the world’s largest economies, including France and the UK, have set phase-out targets for internal combustion engine vehicles, and car companies collectively have announced that they are investing more than $100 billion in new EV models. It’s also worth noting that most forecasts have consistently underestimated EV deployment and other clean energy technology adoption rates…Countries that fall behind in EVs and batteries could respond by imposing tariffs and other barriers...Second, on energy security. If electrification reduces oil demand, public revenues from oil could decline in producing countries, many of which are in regions already at risk of instability…China classified New Energy Vehicles (NEVs) as a “strategic emerging industry” in 2010 and is investing in EVs not only to lead a new technology market, but also to reduce its reliance on the United States to protect its global oil supply…Third, on access to resources. Without major technology breakthroughs, EVs will lead to increased demand for cobalt, nickel, lithium, and other strategic minerals. It is possible that access to these elements will be used, as oil has been, for energy “statecraft.” If U.S. control of oil supply choke points has long been recognized as a vulnerability for oil importers including China, China has in turn identified the growing demand for minerals needed for clean energy technology as a geostrategic opportunity…Some of the largest reserves of raw materials required for lithium ion battery production are found in fragile states with poor governance records, like the Democratic Republic of the Congo, home to most of the world’s cobalt…Without a coordinated effort to build capacity in these countries, the risk of instability and conflict will rise…The adoption of electric cars could wipe out US$19 trillion in revenue from the oil industry by 2040. That is a risk not just for oil producing states but for institutional investors globally, including pension funds, which means it also poses a financial risk for consumers…China and the EU have both signaled that they see electric vehicles as a strategic priority and a way to reduce their exposure to volatile oil markets…China currently leads the world with roughly 200 gigawatt hours of lithium ion battery cell production capacity. It is set to have six times that amount by 2028. At that time, the United States could still lag behind where China is today.

 
Reuters US News - July 11, 2019
SEOUL/DETROIT (Reuters) - South Korean electric vehicle (EV) battery maker LG Chem is considering building a second U.S. factory, three...
Cheol told reporters this week, without elaborating on the country. Electric vehicle sales are projected to reach 1.28 million vehicles by

LG Chem, one of the leading EV battery makers in the world that counts General Motors and Volkswagen among its customers, is weighing investing about 2 trillion won ($1.70 billion) in the plant that could begin production in 2022…Automakers are pushing ahead with billions of dollars in investments in electric vehicles to meet global regulatory requirements…LG Chem’s new factory would primarily supply to Volvo, Fiat Chrysler Automobiles, and potentially to Hyundai Motor, GM and Volkswagen, one of the people said…A second U.S. plant would come amid a growing rivalry between LG Chem and crosstown rival SK Innovation, which recently broke ground on its $1 billion U.S. EV battery plant to primarily supply to Volkswagen…LG Chem, the battery supplier for GM’s Bolt, currently operates an EV battery plant in Michigan. LG Chem also has production bases in South Korea, China and Poland…LG Chem is also being wooed by the government of South Korean President Moon Jae-in to build a new domestic factory to create jobs 

 
Morningstar - July 11, 2019
By Stefanie Haxel German forklift manufacturer Kion Group AG (KGK.XE) said Thursday that it is launching a joint venture for lithium-ion...
rushing to secure their battery supply as they are ramping up production of electric vehicles. Volkswagen AG (VOW.XE) last month agreed to

German forklift manufacturer Kion Group AG said Thursday that it is launching a joint venture for lithium-ion batteries with BMZ Holding GmbH to meet rapidly growing demand in the intralogistics market…The move comes at a time when car makers and other vehicle manufacturers are rushing to secure their battery supply as they are ramping up production of electric vehicles…Volkswagen AG last month agreed to set up a joint venture with Sweden's Northvolt AV to produce batteries in Germany. German car maker Opel, which is part of Peugeot SA also plans to build a factory in Germany, together with French battery maker Saft, which is owned by Total SA…The joint venture will initially focus on 48-volt and 80-volt batteries for counterbalance trucks and will expand the offering soon to 24-volt batteries for smaller warehouse trucks, Kion said. 

 
ChinaDaily.com.cn - July 11, 2019
Charging infrastructure in China for electric vehicles reported fast growth in June, statistics from the China Electric Vehicle Charging...
in China for electric vehicles reported fast growth in June, statistics from the China Electric Vehicle Charging Infrastructure Promotion

By the end of June, charging piles for EV in China totaled more than 1 million units, with a year-on-year growth of 69.3 percent…The top 10 provinces or municipalities with the highest numbers of public charging facilities – Beijing, Shanghai, Tianjin, and Jiangsu, Guangdong, Shandong, Zhejiang, Hebei, Anhui and Hubei provinces – have 75.3 percent of all public charging piles.

 
Reuters US News - July 10, 2019
TOKYO (Reuters) - Toyota Motor Corp and auto-parts maker Denso Corp on Wednesday said they have agreed to set up a joint venture to develop next-generation automotive semiconductors as the industry moves toward connected and autonomous vehicles. Denso, a Toyota Group supplier, will own 51% of the

Toyota Motor Corp and auto-parts maker Denso Corp on Wednesday said they have agreed to set up a joint venture to develop next-generation automotive semiconductors as the industry moves toward connected and autonomous vehicles…The venture will focus on components such as power modules for electric vehicles and periphery monitoring sensors for automated vehicles…Computing power is rising in importance as cars increasingly become connected to each other, transportation infrastructure like traffic lights, and just about everything else…Autonomous driving systems will also need the capacity to sense the world around them, interpret that data, and then make decisions such as whether to brake or veer to the right to avoid an obstacle, all within a fraction of a second.

 
 
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.