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Fortune Minerals Limited. T.FT

Alternate Symbol(s):  FTMDF

Fortune Minerals Ltd is a Canadian mining and mine development company focused on developing the NICO Cobalt-Gold-Bismuth Copper Project in the Northwest Territories. The company plans to build a hydrometallurgical plant in southern Canada to process NICO metal concentrates. Fortune also owns the satellite Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO Project, which is a potential future source of incremental mill feed to extend the life.


TSX:FT - Post by User

Post by Marketbeaton May 11, 2021 5:18am
159 Views
Post# 33171636

Cobalt price outlook

Cobalt price outlook Take a read here- outlook still remains strong 

In addition to a drop in the price of refined cobalt, the prices of cobalt metal and hydroxide fell by 9.1% and 3.7% respectively mom, a shift Benchmark said was driven by producers and traders lowering offers amid limited feedstock buying activity across the cobalt supply chain.

"Whilst this period of inactivity has exerted downward pressure on prices in recent months, industry contacts commented to Benchmark that there is an expectation that prices are likely to reach a bottom in the coming weeks, with buying activity expected to pick up in mid-to-late Q2… as Chinese refiners return to the market once stocks have been worked through in response to robust downstream demand for cobalt from the lithium-ion battery industry," said Benchmark.


https://www.mining-journal.com/energy-minerals-news/news/1409782/cobalt-prices-tick-lower-in-april

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