Click on the blue article title to read full story.
Cobalt - January 12, 2022
Palladium Silver Potash TOP 50 USA Canada Australia More Africa China Latin America Europe Asia MAPS Singapore bourse to start

The Singapore Exchange plans to launch derivative contracts in battery metals in the first half of this year as demand booms for raw materials that play a crucial role in powering electric vehicles…The bourse is set to launch contracts in cobalt metal, cobalt hydroxide, lithium carbonate and lithium hydroxide, subject to regulatory approval, according to an exchange statement. SGX will partner with Fastmarkets, the price reporting agency for these products, it added…The global transition toward a greener future has stoked demand for materials from lithium to cobalt and nickel, which are used in rechargeable batteries. World lithium prices almost quadrupled in the past year, while cobalt doubled.

Metal Bulletin - January 13, 2022
Cobalt sulfate prices continued moving up in China over the past week, on improving demand and with some consumers starting pre-holiday ...
to rising production at China’s cobalt refineries. Fastmarkets’ price assessment for cobalt sulfate 20.5% Co basis, exw China increased

Cobalt sulfate prices continued moving up in China over the past week, on improving demand and with some consumers starting pre-holiday stock building, sources told Fastmarkets this week…Strength in the upstream cobalt hydroxide market, meanwhile, led to rising production at China’s cobalt refineries…Fastmarkets’ price assessment for cobalt sulfate 20.5% Co basis, exw China increased to 103,500-104,500 yuan ($16,267-16,424) per tonne on Wednesday January 12, up by 1,500 yuan per tonne from 102,000-103,000 yuan per tonne on January 7. More buyers were placing orders to prepare sufficient stocks ahead of China’s Lunar New Year holiday on January 31-February 6, with domestic logistics operations gradually slowing down from the end of this week.

Mining Weekly - January 13, 2022
Commodities prices may stay high for decades as mining companies struggle to keep up with demand from the energy transition, according to ...
including cobalt and nickel for products like batteries. Commodities such as coal, copper and lithium reached records in the past year,

Commodities prices may stay high for decades as mining companies struggle to keep up with demand from the energy transition, according to BlackRock’s Evy Hambro…Raw materials, and shares of some companies that produce them, hit record highs last year as massive global stimulus measures underpinned consumption. At the same time, the switch toward a greener world is creating fresh demand for metals such as copper, lithium and nickel…That trend’s unlikely to change anytime soon, Hambro, BlackRock’s global head of thematic and sector-based investing, told Bloomberg TV on Wednesday…“We’ve got decades worth of high rates of investment into infrastructure as the world seeks to decarbonise. That’s a widely held consensual view,” he said. “What we’re likely to see is strong demand that will keep prices at very very good levels for the producers for many years into the future, and that could be decades.”…His bullish comments echo those of banks including Goldman Sachs Group, which last week said that a commodities supercycle has the potential to last for a decade. While infrastructure spending will require large amounts of materials like steel and cement, the green revolution will also need more metals including cobalt and nickel for products like batteries… “It seems as though this core element of the transition has been completely ignored by many investors,” Hambro said. “At some point people will realize how essential these businesses are for the transition and capital will flow into them, and that should change the valuations.”

EVs & Energy Storage
The New York Times - January 11, 2022
This article is part of the On Tech newsletter. Here is a collection of past columns.Last year, Norway reached a milestone. Only about 8 ...

Last year, Norway reached a milestone. Only about 8 percent of new cars sold in the country ran purely on conventional gasoline or diesel fuel. Two-thirds of new cars sold were electric, and most of the rest were electric-and-gasoline hybrids…For years, Norway has been the world leader in shifting away from traditional cars, thanks to government benefits that made electric vehicles far more affordable and offered extras like letting electric car owners skip some fees for parking and toll roads…Still, electric car enthusiasts are stunned by the speed at which the internal combustion engine has become an endangered species in Norway…“It has surprised most people how quickly things have changed,” Christina Bu, the secretary general of the Norwegian EV Association, told me. In 2015, electric cars were about 20 percent of new car sales, and now they are “the new normal,” Bu said. (Her organization is like AAA for electric vehicle drivers…Americans might view Norwegians as environmental die-hards who were eager to ditch gas cars. But Bu and other transportation experts told me that Norwegians started with much of the same electric vehicle skepticism as Americans…That changed because of government policies that picked off the easier wins first and a growing number of appealing electric cars. Over time, that combination helped more Norwegians believe electric cars were for them. Bu wrote recently that if Norway could do it, the U.S. and other countries could, too…U.S. electric car sales are increasing fast, but at about 3 percent of new passenger vehicles, percentages are far lower than those in most other rich countries…So what did Norway do right? Bu said that the country’s policies focused first on what was the least difficult: nudging people who were considering a new car to go electric.

Digitimes - January 12, 2022
With the electric vehicle (EV) market continuing to grow, carmakers in Europe and the US have been building battery plants or partnering ...
. According to Northvolt, the plant would produce lithium hydroxide for 50 GWh of battery production annually, sufficient for about 700,000

With the electric vehicle (EV) market continuing to grow, carmakers in Europe and the US have been building battery plants or partnering with battery manufacturers domestically. The shared goal is clear - becoming self-sufficient in electric vehicle batteries to fulfill the future demand for EVs…Companies in East Asia, especially China, controls most of the battery supply chain. According to AFP, more than 40% of global lithium production and close to 60% of lithium refining capacity are held by China. The situation has alarmed Western countries and made them actively build their own supply chains…Before the end of 2021, Northvolt, a Swedish battery company Volkswagen invests in, announced that it had produced the first battery designed, developed, and assembled in Europe…The company expected to increase the production in Sweden to 60GWh each year, according to a press release…Ramping up battery capacity has officially become EU's goal. According to Deutsche Welle, Maros Sefcovic, EU Commission VP, said EU should be able to provide vehicle makers with domestically produced EV batteries by 2025. He also said the EU is set to become the second-largest battery manufacturer globally…Volkswagen plans to build six battery cell factories in Europe by 2030, with one in Salzgitter, Germany, producing 20 GWh initially in 2025…At least 13 battery plants coming to the US…The battery supply chain Volkswagen has built does not only exist in Europe but also in America. The US Department of Energy recently released that 13 battery plants will be set up in the country by 2025, with a VW's factory in Chattanooga, Tennessee. General Motors, collaborating with LG Chem and LG Energy Solution respectively, will open plants in several locations, including Lordstown, Ohio, and Spring Hill, Tennessee…Stellantis has teamed up with LG Energy Solution and Samsung SDI separately to build two plants. Toyota will set up a factory in Greensboro, North Carolina. Ford, who has said it will establish a JV with SK Innovation for battery production, plans to build factories in Memphis, Tennessee, and central Kentucky. SK Innovation will also build two plants in Atlanta, Georgia.

Unknown - January 12, 2022
02:54 AM EST, 01/12/2022 (MT Newswires)

Mahindra & Mahindra Financial Services said its vehicle leasing and subscription platform, Quiklyz, is expanding its product offerings to include electric vehicles for leasing and subscription, according to a Wednesday filing.

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


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.


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.