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Fabled Silver Gold Corp T.FCO


Primary Symbol: V.FCO.H Alternate Symbol(s):  FBSGF

Fabled Silver Gold Corp. is a Canada-based company. The Company is focused on identifying new opportunities.


TSXV:FCO.H - Post by User

Post by FortuneJimon Jan 25, 2018 11:04am
216 Views
Post# 27431920

Today’s Fortune Cobalt News

Today’s Fortune Cobalt News
Click on blue article title to read full story.
 
Cobalt
 
Metal Bulletin - January 24, 2018
Lithium fans, take note. The metal’s crown as the leading raw material in batteries for electric vehicles (EVs) is facing increasing...
already being used along with lithium in the cathode part of the battery cell - such as cobalt, nickel, manganese and iron. The makeup of
Lithium has hogged the top spot in EV batteries for some time, largely due to its early adoption in technology developed by Tesla…But challenges to its position have emerged from other materials - which were already being used along with lithium in the cathode part of the battery cell - such as cobalt, nickel, …The North American International Auto Show in the US state of Michigan this month has seen a number of announcements from companies that dramatically increase the total of EV and hybrids planned over the next several years…Because it is a byproduct of copper and nickel, the production of these metals is what drives cobalt supplies, rather than the cobalt price itself. This has led to fears of a supply bottleneck, exacerbated by the fact that the most significant producer of cobalt is the Democratic Republic of the Congo, where political instability as well as conflict minerals issues have grabbed headlines.
 
 
EVs
 
Shenzhen Daily - January 25, 2018
BEIJING Automotive Group (BAIC) will list its electric vehicle unit by injecting it into another listed subsidiary, boosting its financial......
a dramatic shift away from conventional gasoline cars with strict quotas for electricand hybrid vehicles set to come into effect next year.
The backdoor listing values the unit, Beijing Electric Vehicle Co., at US$4.5 billion and comes as China engineers a dramatic shift away from conventional gasoline cars with strict quotas for electric and hybrid vehicles set to come into effect next year…The shift has prompted major investment and a spate of deals between global automakers, tech firms and local rivals as companies rush to bring out new vehicle models and set up local ventures and facilities in the world’s biggest car market.
 
 
Congo
 
Bloomberg - January 25, 2018
Copper royalty rises to 3.5% from 2%; Cobalt may rise further Congo is biggest source of cobalt; top copper miner in Africa
The Democratic Republic of Congo’s Senate approved legislation that raises taxes and royalties on metals including copper and cobalt under reforms fiercely opposed by the mining industry
The Democratic Republic of Congo’s Senate approved legislation that raises taxes and royalties on metals including copper and cobalt under reforms fiercely opposed by the mining industry….increases royalties on copper and cobalt to 3.5 percent from 2 percent and gold to 3.5 percent from 2.5 percent; introduces a profit-windfall tax; doubles the state’s free share in mining projects to 10 percent; and, reduces the period during which contract stability is guaranteed to five years from 10 years…The code would also permit Congo, the world’s biggest source of cobalt, to raise the royalty on that metal to 5 percent if the government opts to categorize the mineral as a “strategic substance.” A byproduct of copper and nickel used to harden steel, cobalt has become a highly coveted commodity as the metal’s efficiency conducting electricity has made it essential for rechargeable batteries used in electric cars.
 
Yahoo! News - January 24, 2018
1 / 2 A soldier affiliated to the UN stands guard by a burnt down village in the Kamonia district in October 2017, one of the areas that...
, mineral-rich country in central Africa, the DRC is in the grip of several conflicts, including political and ethnic unrest as well as
The UN mission in the Democratic Republic of Congo on Wednesday reported a surge in summary "executions" in the country, notably in the southern Kasai region…The armed forces accounted for nearly two-thirds -- 64 percent -- of extra-judicial killings by state agents, it said…The rise in extra-judicial killings comes as the government has cracked down on a number of anti-government demonstrations across the country…Congolese authorities have "systematically resorted to unjustified and disproportionate restrictions to fundamental freedoms and acts of harassment" of political opponents, journalists and human rights activists in an attempt to "silence the voices seen as critics", the MONUSCO report stated.
 

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