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Financial Times - May 3, 2021
A broad and powerful rally in commodities markets has gathered steam in recent weeks, fuelling expectations among some traders and analysts ...

A broad and powerful rally in commodities markets has gathered steam in recent weeks, fuelling expectations among some traders and analysts that a “supercycle” has kicked off as big global economies rev up in tandem…Strong demand from China, a boom in government spending on post-pandemic recovery programmes and bets on the “greening” of the world economy have lifted the price of many important raw materials…Iron ore, the key ingredient needed to make steel, palladium, used by carmakers to limit harmful emissions, and timber all hit record highs in the past week. Key agricultural commodities including grains, oilseeds, sugar and dairy have also jumped, with corn prices above $7 a bushel for the first time in eight years…At the same time copper, the world’s most important industrial metal, traded above $10,000 for the first time since 2011, while soyabeans hit an eight-year high. The S&P GSCI spot index, which tracks price movements for 24 raw materials, is up 24 per cent this year…Rapid economic recoveries in Europe and China — the latter being the world’s biggest consumer of raw materials — alongside signs of a marked rebound in the US, where the housing market is booming, have fuelled demand expectations. Covid-19-related supply chain disruptions and low inventories in some raw materials have added further fuel to the fire, analysts say…Saad Rahim, chief economist at Trafigura, one of the world’s biggest independent commodity traders, said the vast stimulus spending programme launched by the US has helped build expectations that demand for commodities in the world’s largest economy will rise…The sector has also drawn support from fund managers seeking assets that will benefit as the global economy picks up speed after the pandemic, and that can also act as a hedge against rising inflation…“We have gone from China being the only story in commodities for the last 10 years to now the rest of the world picking up the baton and being real contributors to the demand side of the equation.”…A suite of raw materials needed for electric vehicle batteries and motors, spanning lithium to rare earths, has also been swept up in the euphoria…Lithium carbonate prices in China have soared more than 100 per cent this year on strong domestic demand, according to Benchmark Mineral Intelligence, following almost three years of decline. The rare earth neodymium-praseodymium (NdPr) oxide, used in electric motors, is up almost 40 per cent, as is cobalt, a battery metal…“You have an EV supercycle and you add a real commodity supercycle on top of that — it’s game on for the miners,” said Simon Moores, managing director at Benchmark Mineral Intelligence…Some cast doubt on the notion that the world is entering a supercycle at all. “We think the price rally is likely to continue for a bit, but this is more of a business cycle upswing rather than a supercycle,” said Jumana Saleheen, chief economist at CRU

EVs & Energy Storage
Reuters - May 3, 2021
Ford Motor Co (F.N) and BMW AG (BMWG.DE) are leading a $130 million funding round in a solid-state battery startup, Solid Power, as ...

Ford Motor Co and BMW AG are leading a $130 million funding round in a solid-state battery startup, Solid Power, as carmakers push to lower the cost of electric vehicles by investing in the development of affordable but powerful rechargeable batteries, the companies said on Monday…The Series B investment round, which includes venture capital firm Volta Energy Technologies, allows Solid Power to expand in-house manufacturing capabilities and positions the battery maker to eventually supply future EVs, possibly by the end of the decade according to BMW battery cell technology chief Peter Lamp…Carmakers are racing to develop EVs amid tightening CO2 emission standards in Europe and China…Solid-state battery technology involves a high-capacity energy storage device that improves on lithium-ion batteries, replacing the liquid or gel-form electrolyte with a solid, conductive material. Among other benefits, the new technology offers more energy density and better safety due to a lack of flammable components. Solid Power has said its technology can deliver 50% more energy density than current lithium-ion batteries…However, solid-state battery technology is more expensive than lithium-ion cell technology. It also must prove it can operate and remain durable in the real world, and must increase its scale to meet industry demand…Monday's announcement marks the second investment in Solid Power for Ford and Volta Energy. Both participated in the $26 million Series A round in 2018 that included Hyundai Motor Co and Samsung Electronics…Following the latest investments, Ford and BMW will own equal, unidentified stakes in Solid Power, which was established in 2012 as a spinout from the University of Colorado Boulder, Campbell said…Ford is pushing to electrify key models in its lineup, including the Transit van late this year and F-150 pickup mid-2022, and already sells the all-electric Mustang Mach-E SUV. It previously said it will invest $22 billion in electrification through 2025. By the end of 2021, BMW aims to have five fully electric models available across the BMW and MINI brands, and it said by 2023 it will have fully electric models available for almost all of its market segments…Toyota Motor Corp, which has called the technology a "game changer," plans to introduce solid-state batteries on an electrified platform by 2025…Another solid-state battery startup is Volkswagen-backed QuantumScape, which aims to introduce its battery in 2024. It went public last year through a reverse merger with a special-purpose acquisition company (SPAC).

Yahoo! Canada Sports - May 4, 2021
more than £135m to help its drivers in London upgrade to an electric vehicle by 2025. It announced last week plans to recruit an additional

Uber has revealed a partnership with a UK van and bus-maker to produce an electric car that aims to be "purpose-built" for its drivers…The ride-hailing app said the Arrival Car would be developed with input from those who would use it and aim to go into production in late 2023…Key priorities for the car include affordability, comfort and range, Uber said, as its current 70,000 UK drivers complete more than 31,000 miles annually…Arrival, which went public earlier this year, and Uber said that in addition to the work on the Arrival Car they would also explore a strategic relationship in key markets overseas including the United States…The UK is on course to ban the sale of new conventionally-powered cars from 2030 as petrol and diesel emissions are targeted in the battle against climate change…Uber plans to be a fully electric mobility platform in London by 2025, and across North America and Europe by 2030.

Chemical Engineering - May 4, 2021
BASF SE (Ludwigshafen, Germany) and Umicore N.V. (Brussels, Belgium) have entered into a non-exclusive patent cross-license agreement ...
CAMs are critical for the performance, safety and cost of lithium-ion batteries used in modern electromobility and other applications. The

BASF SE and Umicore N.V. have entered into a non-exclusive patent cross-license agreement covering a broad range of cathode active materials (CAM) and their precursors (PCAM), including chemistries such as nickel cobalt manganese (NCM), nickel cobalt aluminum (NCA), nickel cobalt manganese aluminum (NCMA) and lithium rich, high manganese high energy NCM (HE NCM)…CAMs are critical for the performance, safety and cost of lithium-ion batteries used in modern electromobility and other applications. The interplay between PCAM and CAM and the development of these materials are crucial to maximize battery cell performance. For many years, BASF and Umicore have been investing intensively in product innovation for low, medium and high nickel PCAM and CAM resulting in each company owning sizeable and largely complementary patent portfolios…Building on each other’s strong product technology expertise to support the technological needs of their customers, BASF and Umicore have entered into a landmark patent agreement allowing both partners to combine a wider range of IP- protected technologies related to features such as chemical composition, powder morphology and chemical stability. The agreement increases both parties’ ability to customize their materials to meet the increasingly diversified and complex customer requirements at the battery cell and application level. Furthermore, through this agreement both parties can increase even more their product development speed demonstrating their commitment to addressing the main challenges e-mobility is facing, such as energy density, safety and cost while enhancing transparency and reducing IP-risks for battery cell manufacturers and their customers…The agreement covers more than 100 patent families filed in Europe, U.S., China, Korea and Japan. Both parties retain the right to enforce their own IP-rights against third parties in the future.

The Jakarta Post - May 4, 2021
The demand for electric motorcycles is projected to pave the way for electric vehicle (EV) adoption in Indonesia as the bikes would become ...
The demand for electric motorcycles is projected to pave the way for electric vehicle (EV) adoption in Indonesia as the bikes would become

The demand for electric motorcycles is projected to pave the way for electric vehicle (EV) adoption in Indonesia as the bikes would become cost-competitive with regular motorcycles by 2022, a study has shown. The study by consulting firm McKinsey & Company showed that the total cost of owning an electric two-wheeled vehicle is expected to be equal to conventional internal combustion engine (ICE) motorcycles by next year and to be cheaper than ICE motorcycles by 2025. As of 2020, the lifetime cost of ownership of a conventional motorcycle stood at around US$2,400, while an electric motorcycle around $2,616. The study suggests that electric motorcycles will reach cost parity with ICE bikes by 2022 as EV batteries become cheaper. UK - May 4, 2021
It will launch in 2025 as an EV SUV.
a new report tries to shine more light. CAR Magazine says Bentley’s first production electric vehicle will be based on Volkswagen Group’s

CAR Magazine says Bentley’s first production electric vehicle will be based on Volkswagen Group’s Artemis architecture, which is spearheaded by Audi engineers. This EV will be just the beginning of a series of zero-emission vehicles, which will be launched later in the decade. By 2030, Bentley’s entire range will be electric…“Looking forward to electrification, we're going to have closer synergies with Audi,” Bentley CEO Adrian Hallmark told CAR Magazine. “But we will continue to have strong relationships with both brands [Audi and Porsche], and we see this as an opportunity, not a risk. No question – we are electrifying. And we need to find the best way to fast-track that, and to lead the technology charge.”

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


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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.