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FortuneJimon Mar 29, 2018 10:16am
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Today’s Fortune Cobalt News
Today’s Fortune Cobalt News | |
| Click on blue article title to read full story. | | | | Cobalt: | | | | Reuters UK - March 29, 2018 BEIJING (Reuters) - A former manager for Microsoft Corp (MSFT.O) in China has been named as the first executive secretary of the... its secretariat in the Chinese capital. Cobalt, a metal used in lithium-ion batteries for mobile phones and electric vehicles (EVs), has The 28-member RCI, which groups high-profile cobalt users such as Apple Inc, Sony Corp and Volvo, was established under the Chinese Chamber of Commerce for Metals, Minerals & Chemicals Importers and Exporters in 2016…Cobalt, a metal used in lithium-ion batteries for mobile phones and electric vehicles (EVs), has shot to prominence in recent months and its price has skyrocketed due to expected growth in demand from the booming EV sector, especially in China…The RCI intends to hold an open session for cobalt market participants at the Organization for Economic Co-operation and Development, a key backer of the RCI, in Paris in mid-April, said Feng. | | | | | EVs & Energy Storage | | | | Bloomberg - March 28, 2018 Lower cost to store power signals end to daytime-only supplies Solar developers adding batteries to projects around the world The world’s biggest-ever solar project -- a $200 billion venture in Saudi Arabia -- comes with a “batteries included” sticker that signals a major shift for the industry…The project is 100 times larger than any other proposed in the world, and features plans to store electricity for use when then sun isn’t shining with the biggest utility-scale battery ever made…But surging battery supplies to feed electric-car demand have sent prices plunging, and solar developers from California to China are adding storage to projects like never before…Affordable batteries have long been the Holy Grail for solar developers. Without them, some of the best U.S. solar markets, like California, have too much of electricity available at midday and not enough around dusk when demand tends to peak… Wind farms are set to overtake hydroelectric plants next year as the biggest source of renewable energy in the U.S., accounting for more than 6 percent of the nation’s electricity generating capacity, government data show…Now, the economics of storage is shifting. The price of lithium-ion battery packs tumbled 24 percent last year, according to Bloomberg New Energy Finance, and the U.S. is allowing solar-dedicated storage to qualify for a federal tax credit. More utilities and local energy providers are mandating that new solar farms include batteries to store power…Cheaper batteries are even providing a boost in the residential market for solar systems…“It’s a game-changer,” said Ed Fenster, executive chairman of San Francisco-based Sunrun Inc., the largest U.S. installer of residential solar systems. “The demand that we’re seeing is outstripping our expectations.” | | Reuters US News - March 29, 2018 STUTTGART (Reuters) - Daimler and BMW’s new joint mobility services division aims to become a global player through both organic growth and...... on Wednesday to combine their businesses in new services such as car-sharing and electricvehicle charging to compete with Uber [UBER.UL] in Daimler and BMW’s new joint mobility services division aims to become a global player through both organic growth and acquisitions, Daimler Chief Financial Officer Bodo Uebber said on Thursday…The two leading German luxury carmakers unveiled plans on Wednesday to combine their businesses in new services such as car-sharing and electric vehicle charging to compete with Uber in the United States and Didi Chuxing in China. | | Morningstar News - March 29, 2018 By Sarah Kent LONDON-- Royal Dutch Shell PLC is on a spree of small but strategic acquisitions in an area oil companies have long avoided:...... Shell is making a bet it can profit from changes to the power market as renewables begin to play a bigger role, combining its large energy-trading division and massive natural-gas supply In the past few months, the British-Dutch oil giant bought a utility, an electric-car charging business and a stake in a solar-power company, part of a broader long-term plan to marry its huge natural-gas output with a futuristic utility business…If all goes to plan over several decades, Shell said it would produce gas at the well, use it to produce electricity and then sell power to homes, businesses and electric-vehicle charging stations—a similar model to its oil-rig-to-gas-station petroleum business…Total SA —another early mover on electricity—is looking to build a retail power business in France. The French company also said it would consider investments in gas-fired power stations around the world to lock in a market for its growing gas production and has bought a battery company...It is a long-term bet that the number of electric vehicles on the road will rise in Europe, encouraged by moves in France, the U.K. and others to eventually ban the combustion engine…“There’s a tipping point that’s not that far out,” Mr. Wetselaar said. | | | | | Congo | | | | New Vision - March 28, 2018 The announcement late Tuesday coincided with a demand by the UN Security Council that the elections -- viewed as crucial for the stability...... of the troubled central African state -- be staged with "credibility and inclusivity." Authorities in the Democratic Republic of Congo (DRC Authorities in the Democratic Republic of Congo (DRC) say they are investigating an exiled opposition leader who has vowed to stand in December's presidential elections…The announcement late Tuesday coincided with a demand by the UN Security Council that the elections -- viewed as crucial for the stability of the troubled central African state -- be staged with "credibility and inclusivity."… On March 12, at a meeting in the South African city of Johannesburg, he launched his campaign for the presidency and unveiled a new party, "Together for Change."… He already faces an outstanding sentence of three years imprisonment over a property deal and has spent two years in exile in Belgium as a result… Katumbi, 53, declared he would go back to his native country by June. Congolese authorities have vowed to arrest him if he returns…Mounting tension over the future of its president, Joseph Kabila, has prompted fears that it could spiral into war…The elections were postponed until 2017, and then postponed again. Protests have met with a crackdown that has claimed dozens of lives. | | | | | | |