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Cobalt
 
Metal Bulletin - May 26, 2020
From future raw material investments to China’s resurgence in lithium-iron-phosphate (LFP) battery chemistries, Fastmarkets analysts and...
for raw materials - for example, on South Africa for cobalt exports - and for battery cathodes and cells. The...

Oil prices have taken a substantial hit amid mounting oversupply, but that does not change the ultimate trajectory of electric vehicle (EV) uptake, with such vehicles having economic benefits over time…“It’s not just the fuel input cost, although that is important. People are beginning to look at the cost of ownership, EVs are a lot cheaper to service, recharging them is also cheap and if you look at the costs over the whole duration of the car’s life there are some strong cases [to buy one],” Adams added…Furthermore, automakers themselves are likely to push for EV adoption. “There has been a call for [the implementation of] strict CO2 emission regulations to be delayed, but a lot of the [original equipment manufacturers] OEMs, having spent a lot of money getting ready for the new regulations, actually want to go ahead with the original timetable,” Adams said…Covid-19 has meant changes to work and travel habits, and some of those might stick as economies and society move out of the pandemic. Where feasible, individuals may continue to work more flexibly, but they may also prefer car ownership over public transport…Charging infrastructure is likely to be an obvious area for investment while governments look to both stimulate economic recovery and get people back to work in a Covid-secure way…Nickel-rich batteries using nickel-cobalt-manganese cathodes have gained market share in the past few years, while that of lithium-iron-phosphate batteries has declined, though the latter has had a resurgence in China more recently…"[NCM batteries] are certainly what [European] OEMs have set their sights on at the moment so the plan for the models to be introduced over the next few years will continue to go down those lines,” Adams said. The use of LFP batteries need not be limited to China over a longer period, however. “Initially the resurgence in LFP is going to be a Chinese thing but there’s no reason to think it might not spread further afield. That would have some impact on nickel and cobalt [demand] but there is so much growth ahead so I think there’s room for more than one battery chemistry in circulation,” Adams said…Whether LFP or NCM, demand for cobalt per vehicle will be reduced, but forecasts for EV sale growth after Covid-19 still point to increasing cobalt demand overall. It is worth noting that at this stage, the largest cobalt consumer in batteries is the consumer electronics sector rather than EVs. On the supply side, there is no major large project on the horizon. Once rapid growth in EVs and energy storage systems absorbs the current cobalt supply surplus, producers may well struggle to keep up with demand again…While the epicentre has moved to different regions, Covid-19 has highlighted the over-dependencies in the battery supply chain on certain regions and countries for raw materials…Automakers will naturally look to diversify inflows, having already been aware of the risks associated with lengthy supply chains but highlighted by Covid

 
 
EVs & Energy Storage
 
DW.com - EN - May 26, 2020
The package includes an increase to the state subsidies given to motivate potential buyers of new electric cars. The plan also includes a state loan worth €5 billion for troubled carmaker Renault.

A part of the stimulus will be directed to boost local manufacturing of electric and hybrid cars, and incentivize buyers towards lower-emissions models through increased government subsidies…"We need to not only save the industry but transform it," said Macron…Macron said that France would increase the government's contribution towards people buying new electric cars to €7,000 from the current €6,000. Companies buying electric fleet cars would be eligible for €5,000. Electric cars remain considerably more costly than equivalent models powered by internal combustion, often weighing in at around twice the price…Under the stimulus plan, France aims to produce over 1 million clean energy cars by 2025.

 
Reuters - May 27, 2020
FILE PHOTO: A sign of Chinese battery maker Contemporary Amperex Technology Ltd (CATL) is seen on its building in Ningde, Fujian province,...
China, the world’s biggest auto market, sales of new energy vehicles, which include battery electric vehicles as...

Ningde-based CATL, which alongside LG Chem and Panasonic is one of the biggest EV battery makers globally, is developing battery-swapping and battery maintenance services, its chairman Zeng Yuqun said on Wednesday…The firm, which has signed supply deals with Tesla Inc and Volkswagen AG, expects to increase battery manufacturing capacity in the next two years, Zeng said…It may target further overseas expansion based on customer demand, he added. The firm is currently building a plant in Germany.

 
Unknown - May 26, 2020
Amazon may be preparing to make a big move into the self-driving vehicle world as the logistics giant is said to be in “advanced” talks to acquire Zoox, a stealthy developer of robotaxi technology, according to the Wall Street Journal.

…Zoox has sought to build a business of on-demand robotaxis and delivery vehicles that blend the most advanced aspects of autonomous driving tech with cutting-edge electric powertrains to serve customers in dense urban markets. Its purpose-built vehicle is designed for use in a company-branded fleet, not individual ownership, with a goal to begin operation late this year…Although Amazon has made a significant investment into electric vehicle maker Rivian, committing $440 million of funding and announcing plans to buy 100,000 delivery vehicles from the startup, it’s moved more cautiously when it comes to self-driving vehicle technology.

 
 
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.