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Cobalt news

[Yellowknifer69]

Hey all - here are the latest news releases from Fortune Website

https://app.meltwater.com/api/public/newsletters/554a0b73b8288393206eb430/newsletter/distribution/59f9deff7734f9a3abd17d88/html

Cobalt

ERG’s RTR on schedule for 2018 production; targeting EV

Metal Bulletin - October 31, 2017

Eurasian Resources Group's (ERG) Metalkol Roan Tailings & Reclamation (RTR) project in the Democratic Republic of the Congo is on schedule......

 

"We estimate that by 2019, the cobalt market's supply demand gap will be at its largest in at least ten years," the company said in a statement.

Eurasian Resources Group: base metals outlook

International Mining - November 1, 2017

Benedikt Sobotka, CEO of Eurasian Resources Group (ERG), one of the world’s leading diversified natural resources groups, offers his...

YTD, and long term demand growth for the metal continues apace. We estimate that cobalt consumption in EV batteries will grow at a compound

As of late October, the LME cobalt price is up more than 80% YTD, and long term demand growth for the metal continues apace. We estimate that cobalt consumption in EV batteries will grow at a compound annual growth rate (CAGR) of 33% by 2021….Globally, electric transportation is growing exponentially: all major auto makers are planning to launch dozens of new EV models. Even companies with a vested interest in the oil industry are expecting an inevitable shift to EVs. Vitol, the world’s largest oil trader, expects the oil industry to shrink after peaking around 2028-2030 as a result of the global shift to electric cars. Ben van Beurden, CEO of Royal Dutch Shell, also believes that demand could peak in the late 2020s and is stepping up the company’s investment in alternative energy as a result. ….ERG’s Metalkol Project RTR in the DRC … will be one of the world’s largest suppliers of cobalt and remains on schedule to achieve initial production at the end of 2018, ramping up to 14,000 t/y in 2019.

EVs & Energy Storage

Green edition: Nissan reveals its vision of the future

Fleet News - November 1, 2017

Nissan outlines its vision of the future electric ecosystem in Europe at recent The Car and Beyond event. John Maslen reports Nissan urges......

governments to act on electric vehicle adoption The Government has been urged to do more to drive the uptake of electric vehicles (EVs) as

He revealed that more than €4.2 billion (£3.75bn) had been invested by parent company Renault Nissan Alliance in a “massive bet” on an electric future….In the next decade, Nissan predicts more than 30% of cars sold in Europe will have some form of electric propulsion…“We call it the acceleration of electrification,” says Willcox. “We believe we will see the same adoption rates that were seen 100 years ago when the combustion engine car went from gimmick to absolute necessity...It will have a profound impact, not just on our industry but many others, too. The auto industry ripples will turn into multi-industry waves.”…Using vehicle-to-grid technology, energy suppliers plan to treat vehicle fleets as virtual power stations….With the right usage patterns, the service could net users £350 a year from selling electricity back to the grid at peak times.

Honda to halve charging time for electric vehicles by 2022

Nikkei Asian Review - November 1, 2017

New technology expected to reduce time taken to 15 minutes

of a fast electric charger by 2020. Honda plans to launch an electric vehicle for the mass market in Europe and Japan over 2019 and 2020.

 

Congo

4 Killed, 15 Injured in Eastern Congo Protests Over Kabila

Voice of America - October 31, 2017

GOMA, CONGO — The United Nations Joint Office for Human Rights says four people have been killed and 15 others injured amid clashes between......

Calls for DRC Elections in 2018 UNHCR: Congo Displaced Crisis Growing More Africa Stories 4 Killed, 15 Injured in Eastern Congo Protests

The office said Tuesday that the U.N. mission in Congo has deployed a team to Goma, the capital of North Kivu province, to monitor the situation and investigate. It also said security forces arrested at least 37 people. Protesters in Goma on Monday demanded that President Joseph Kabila step down at the end of the year if new elections are not held.

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