fortuneminerals
Click on blue article title to read full article.
 
Cobalt
 
Bloomberg - September 12, 2019
As demand for lithium-ion batteries for electric vehicles and stationary energy storage increases, a lot more lithium, cobalt, and nickel...
demand for lithium-ion batteries for electric vehicles and stationary energy storage increases, a lot more lithium, cobalt, and nickel will

As demand for lithium-ion batteries for electric vehicles and stationary energy storage increases, a lot more lithium, cobalt, and nickel will be needed. This week on Switched On we talk with Sophie Lu about BNEF’s battery metals forecast to 2030 and some of the political, environmental, and economic challenges of getting these critical metals out of the ground and into the factory. Running time 24:51

Click on title to access audio recording.

 
Greentech Media - September 11, 2019
100,000 tons of batteries may be recycled this year — almost all of it in Asia.
buy 35 percent of the annual cobalt production from mining giant Glencore. The deal later fell apart after cobalt prices dropped 25 percent.

China recycled around 67,000 tons of lithium-ion batteries last year, or 69 percent of all the stock available for recycling worldwide, according to Hans Eric Melin, founder of U.K.-based Circular Energy Storage…Another 18,000 tons was recycled in South Korea, mostly for the Chinese market, said Melin, a leading authority on battery recycling. These figures are approximate because recyclers often hoard batteries to take advantage of spikes in materials pricing, he said…This year, up to 100,000 tons of lithium-ion batteries could be recycled globally, with China aiming to take an increasing share to build up materials supplies for its burgeoning battery business…This feedstock has helped support the emergence of Chinese lithium-ion recycling behemoths such as GEM, which started out as a scrap collector and is now a major cathode manufacturer…Last year, the company’s appetite for cathode materials outstripped its recycling capacity and led it to sign a deal agreeing to buy 35 percent of the annual cobalt production from mining giant Glencore. The deal later fell apart after cobalt prices dropped 25 percent…Elsewhere in China, erstwhile scrap company Hunan Brunp Recycling Technology, a subsidiary of lithium-ion battery leader CATL since 2015, last year recycled about 30,000 tons of batteries…“Lithium-ion battery recycling surged last year in China, particularly from portable electronics, due to high cobalt prices,” noted Milan Thakore, a research analyst at Wood Mackenzie. “The country is also scaling up EV battery recycling rapidly.”

 
 
EVs & Energy Storage
 
Argus Media - September 11, 2019

Europe is lacking the infrastructure and incentive to enable a transition to zero-carbon vehicles, according to a...

be the largest consumer of battery metals such as cobalt and lithium in the coming years. By 2030, the demand for battery metals from EVs is

The report showed that just 2pc of all new cars in 2018 were fully electrically-chargeable, an increase from the 2014 market share of 0.6pc, but still only a small part of the market. Hybrid-electric vehicles (HEVs) made up 3.8pc of new car sales in 2018. Hydrogen fuel cell cars made up a negligible amount of EU car sales…The lack of charging infrastructure remains the largest barrier to electrification…Europe is falling short of the required number of charging stations, the report said, with only 144,000 charging points across the EU. The European Commission estimates the region requires 2.8mn charging stations by 2030…Four countries — The Netherlands, Germany, France and the UK — account for 76pc of all EV charging points in the EU…Affordability was also a barrier to EV growth…"Our industry is eager to move as fast as possible towards zero-emission mobility. But this transition is a shared responsibility, "ACEA president Carlos Tavares said…EVs are forecast to be the largest consumer of battery metals such as cobalt and lithium in the coming years. By 2030, the demand for battery metals from EVs is set to overtake demand from the smartphone market.

 
 
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.