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EVs & Energy Storage
 
Unknown - November 19, 2020
General Motors says a pending breakthrough in battery chemistry will cut the price of its electric vehicles so they equal those powered by gasoline within five years. The technology also will increase the range per charge to as much as 450 miles.

The company’s product development chief promised a small electric SUV that will cost less than $30,000 and pledged to roll out 30 battery-powered models worldwide by 2025. Nearly all current electric vehicles cost more than $30,000…The announcement Thursday shows how fast electric vehicle technology is evolving and how it may become the primary fuel for transportation sooner than almost anyone believed…The developments arrive as government pollution regulations tighten worldwide, with California and the United Kingdom recently announcing plans to ban gas-powered new vehicle sales in 10 to 15 years…To back up its claims, GM said it will raise spending on electric vehicles from a promised $20 billion, to more than $27 billion through 2025…The new battery cell chemistry, now undergoing early tests at a lab inside GM’s suburban Detroit technical center, can hold twice as much energy as the company’s current electric vehicle batteries, Parks said. They’ll also cost 60% less than current battery packs now in the Chevrolet Bolt electric car, he said…The chemistry, which will use lithium metal anodes, will help GM package battery cells for a wide range of vehicles at different price points and ranges, Parks said. The new battery cells also will be used by Honda, which is partnering with GM and battery cell supplier LG Chem of Korea…Parks said GM’s next generation of batteries due out next year already are getting close to reducing electric vehicle costs so they are similar to internal combustion engine vehicles, especially when fuel costs are factored in…The company should exceed its previous target of selling 1 million electric vehicles worldwide by 2025, CEO Mary Barra said. Some more expensive luxury electric vehicles such as the Tesla Model S offer big batteries and ranges of over 400 miles, but Parks said GM plans to bring the higher range to more mainstream markets. A range of 450 miles is about equal to what people expect from a tank of gasoline, he said…Accounting and consulting firm Deloitte said in a study last summer that global sales of fully electric and plug-in gas-electric hybrid sales passed the 2 million mark last year, and were 2.5% of all new vehicle sales. By 2030, Deloitte predicts that total electric and plug-in sales will rise to 31.1 million, or 32% of global new vehicle sales. The firm estimates that fully electric vehicle sales will be 25.3 million, or 81 percent of the total.

 
Mining Weekly - November 20, 2020
The world’s largest lithium producer, Albemarle, has teamed up with 27 other organisations to form a US-based coalition committed to ...

The world’s largest lithium producer, Albemarle, has teamed up with 27 other organisations to form a US-based coalition committed to achieving 100% electric vehicle (EV) sales by 2030. Known as ZETA, the diverse, nonpartisan group has 28 founding members, including ABB, Con Edison, Duke Energy, Pacific Gas and Electric, Rivian, Salt River, Tesla, Uber and Volta, among others. ZETA will advocate for national policies to enable the full adoption of EVs throughout the light-, medium-, and heavy-duty sectors by 2030. This, the group argues, will support the creation of new jobs, secure US global EV manufacturing leadership, and significantly reduce carbon pollution…The organisation is calling for five key policy pillars, including outcome-driven consumer EV incentives, emissions performance standards, infrastructure investments, early retirement incentives for legacy vehicles and federal leadership and cooperation with sub-national entities…On early retirement incentives for legacy vehicles, ZETA says that even if every vehicle purchased moving forward is electric, without further action, full turnover of the US vehicle inventory will take a generation. Incentivising early retirements, while encouraging EV adoption, will speed the transition and "meet the urgency of the moment".

 
 
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.