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Cobalt
 
Reuters UK - August 13, 2019
MELBOURNE, Aug 13 (Reuters) - * Investment bank UBS said on Tuesday that the shuttering of top cobalt producer Glencore’s Mutanda mine in Democratic Republic of Congo should trim an expected market surplus over 2019-2023, moving the risk versus reward for cobalt prices “firmly to the upside.” *

Investment bank UBS said on Tuesday that the shuttering of top cobalt producer Glencore’s Mutanda mine in Democratic Republic of Congo should trim an expected market surplus over 2019-2023, moving the risk versus reward for cobalt prices “firmly to the upside.”… “We expect the cobalt price to increase around 60 percent over the next 18 months back to $20 a pound. We see further material upside in 2024-2025 when the market is set to move into a deficit” it said in a research note, acknowledging the possibility that supply from DRC could fill the gap…Cobalt prices peaked above $43 a pound in March 2018 before collapsing 72% to $11.80/lb in late July. Since Glencore’s announcement, prices have recovered to $14.30… UBS forecasts electric car penetration to reach 17 pct or 17 million vehicles in 2025 and for cobalt demand to grow to 270,000 by then from 130,000 currently.

 
 
EVs & Energy Storage
 
Quartz - August 13, 2019
China’s electric-car market is taking a breather after two years of rapid growth. Monthly sales of new-energy vehicles (NEV), including battery and hybrids, declined 4.7% from July 2018 to 80,000 units last month, the latest data from China’s biggest auto industry association (link in Chinese) show

Monthly sales of new-energy vehicles (NEV), including battery and hybrids, declined 4.7% from July 2018 to 80,000 units last month…Overall NEV sales as of July this year, however, grew 40.9% from a year ago to 699,000 units, data released yesterday (Aug. 12) from the China Association of Automobile Manufacturers (CAAM) show. CAAM said that it forecasts sales of 1.6 million NEVs this year…The numbers are adding to the unease over China’s sluggish economy as Beijing faces growing challenges on the domestic and external fronts. The EV market, however, is under further pressure as the government has been cutting subsidies to the sector since June. NEV sales in July from BYD, China’s largest electric-car maker, fell 12% to 16,567 units from the same period last year. Sales of NEV passenger car sales, which usually do well for BYD, took the hardest hit. Among them, plug-in hybrid sales declined more than 10% from last July to 6,459 units.

 
Guangdong News - August 13, 2019
China has built the world's largest electronic vehicle charging infrastructure network, attracting capital from diversified sources, Sina...
a new joint venture to build electric vehicle charging infrastructure in China, the world's largest market for electric vehicles. China is

By June this year, the number of EV charging piles used in China exceeded 1 million, according to data released by National Energy Administration's China Electric Vehicle Charging Infrastructure Promotion Alliance…Public charging piles in China totaled more than 410,000 by the end of June, while the number of private charging piles surpassed 590,000 by the same period…The demand for EV charging piles maintains strong growth momentum, as the number of electronic vehicles continues to increase in China. Capital holders, including vehicle manufactures, real estate companies and telecom operators, have shown great interest in the charging piles industry…China is expected to sell 1.6 million new energy vehicles in 2019, up 30 percent year-on-year, according to a projection by the China Association of Automobile Manufacturers (CAAM).

 
BNN Bloomberg - August 13, 2019
now can compete with nickel-cobalt batteries in terms of affordability and performance, said George Heppel, a battery metals analyst at CRU

Anglo American Platinum Ltd. wants to develop a lithium battery that uses platinum-group metals instead of cobalt and nickel. The aim is to create a new multi-billion dollar source of demand for the metals as electric vehicles reduce the need for traditional fuel autocatalysts. Platinum miners have good reason to be worried. Electric-car sales are forecast to reach 56 million by 2040, making up about 57% of the overall car market versus 2% now, according to BloombergNEF. That could curb demand for autocatalysts, which use platinum and palladium to clean toxic emissions…The idea isn’t new. Academics have researched the technology since the 1990s, but developing it has so far been unfeasible…There’s no proof yet that such a battery can be mass manufactured, and no technology right now can compete with nickel-cobalt batteries in terms of affordability and performance, said George Heppel, a battery metals analyst at CRU Group…Part of the challenge is that platinum metals are much more expensive than cobalt and nickel.

 
 
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.