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Cobalt
 
Metal Bulletin - December 2, 2019
Fastmarkets will increase the frequency of its benchmark price assessments for standard and alloy-grade cobalt, in-whs Rotterdam, to daily...
in-whs Rotterdam, $/lb Quality: Min 99.8% cobalt metal; standard specifications of the following brands in original...

Fastmarkets will increase the frequency of its benchmark price assessments for standard and alloy-grade cobalt, in-whs Rotterdam, to daily from Monday February 3, 2020…From February 3, Fastmarkets will assess prices for the following two markets on a daily basis: Cobalt alloy grade, in-whs Rotterdam, $/lb; Cobalt standard grade, in-whs Rotterdam, $/lb…The decision to increase frequency follows an extensive period of market consultation, during which feedback was received indicating that daily pricing would have the benefit of providing greater market transparency while having the capacity to respond more quickly and concisely to market moves when they occur.

 
Bloomberg - December 2, 2019
We use cobalt every day. It’s in the lithium-ion batteries in our phones, and in the growing fleet of electric vehicles out on the road....
, about his recent travels in the Democratic Republic of the Congo. We’ll hear about what he observed in the cobalt...

This week on Switched On, we talk with Kwasi Ampofo, a BloombergNEF analyst focused on metals and mining, about his recent travels in the Democratic Republic of the Congo. We’ll hear about what he observed in the cobalt mines there, and what companies are doing to ensure ethical sourcing of this critical metal…Running time 21:22

 
 
EVs & Energy Storage
 
Yahoo News Singapore - December 3, 2019
The plan to develop a 'new energy vehicle' sector in China comes as the country tries to meet air pollution targets and reduce dependence...
state target set in 2017 had called for 20 percent of cars sold to be electric vehicles by 2020, but the draft...

The Ministry of Industry and Information Technology's draft proposal said China should seek to ensure one in four of all vehicles sold in 2025 were either hybrids or fully-electric vehicles…The measures are partly to ensure the country meets its air pollution targets, and to reduce Beijing's dependence on imported oil…China would also continue to develop electric vehicle battery technologies, improve infrastructure for hydrogen fuel cell vehicles and driverless cars, it said…A previous state target set in 2017 had called for 20 percent of cars sold to be electric vehicles by 2020, but the draft released Tuesday gave no indication whether China was on track to meet that goal…The government had earlier said it was planning to impose quotas requiring carmakers to maintain a certain percentage of new energy vehicles in their Chinese production.

 
Unknown - December 3, 2019
Advanced manufacturing facility to build multiple vehicles, bring thousands of jobs and billions in revenue impact to Casa Grande and Pinal County

Lucid Motors, together with Arizona Governor Doug Ducey, the Arizona Commerce Authority, and local officials, today celebrate the start of construction of its electric vehicle manufacturing facility in Casa Grande, AZ. The first phase of factory construction, representing an investment of over $300 million, is scheduled for completion in late 2020 in readiness for the start of production of Lucid's first car, the Lucid Air luxury sedan…Lucid's mission is to inspire the adoption of sustainable transportation by creating the most captivating electric vehicles, centered around the human experience. The company's first car, the Lucid Air, is a state-of-the-art luxury sedan, featuring a California-inspired design underpinned by race-proven technology. Featuring luxurious interior space in a mid-size exterior footprint, the Air will be capable of over 400 miles range and 0-60 mph in under 2.5 seconds. Production of the Lucid Air will begin in late 2020 in Lucid's new factory in Casa Grande, Arizona. 

 
 
Congo
 
MSN South Africa - December 2, 2019
A young man was killed and five other people were wounded Monday in a new protest against UN forces in eastern Democratic Republic of Congo...
five other people were wounded Monday in a new protest against UN forces in eastern Democratic Republic of...

A young man was killed and five other people were wounded Monday in a new protest against UN forces in eastern Democratic Republic of Congo (DRC), an AFP reporter saw…The Congolese army launched operations against the ADF at the end of October. In response the ADF has carried out massacres in an apparent bid to discourage civilians from helping the military…Another 27 people were hacked to death on Wednesday, bringing the number of people killed in militia violence in and around Beni to 107 since November 5…The mounting toll has sparked anger, which is being channelled especially against MONUSCO, one of the biggest UN peacekeeping operations in the world…The force comprises more than 16,500 military personnel and observers, 1,300 police and at least 4,000 civilians…At least eight people have been killed in anti-MONUSCO demonstrations since November 23, according to an AFP toll…In its defence, MONUSCO has pointed out that the Congolese army offensive was ordered unilaterally, and that it has no authority to launch operations by itself.

 
 
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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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.