Fortune Minerals Ltd T.FT

Alternate Symbol(s): FTMDF

Metals & Mining Industrial Metals & Minerals

Fortune Minerals Limited is a mining company. It is engaged in the exploration and development of mineral properties in Canada. It is focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the Northwest Territories and Alberta that produces a bulk concentrate for shipment to a refinery that it plans to construct in southern Canada. It also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 kilometers (km) north of the NICO Deposit and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator. It also maintains the right to repurchase the Arctos anthracite coal deposits in northwest British Columbia. It also has a 100% interest in these 116 hectares of property south of Great Slave Lake with copper, silver, gold, lead and zinc showings. It has a 1% net smelter royalty covering 78 hectares of land positioned in a former silver mining district, located south of the Eldorado mining district at Great Bear Lake.

TSX:FT - Post by User

Fortune Minerals Ltd

Bullboard Posts

Post by FortuneJimon Jun 01, 2018 1:52pm

230 Views

Post# 28112445

Cobalt demand will continue.

NICKEL V COBALT: THE SECRET EV BATTLE FOR THE LITHIUM ION BATTERY

benchmarkminerals.com - June 1, 2018

One of the biggest talking points in the electric vehicle (EV) and lithium ion battery space right now is the emergence of an 811 NCM (Nickel Cobalt Manganese) cathode chemistry that many believe will result in the hammer blow for cobalt and the anointing of nickel.

Understandably, EV manufacturers want to do all they can to reduce their price risk exposure to cobalt which is continuing to rise. Therefore, the push towards 523 and 622 is more than welcomed, especially as it brings with it increased energy density thanks to the nickel…Therefore, it is unsurprising that in the same conversations, cathode manufacturers are pressured by the auto companies to speed up the evolution to 811 and even 7 1.5 1.5 chemistry…To reduce cobalt to such a minor role – the major element involved in stabilising the battery – brings with it huge risk, especially in the first wave of pure EV models to hit the road when safety scrutiny is at its highest…The third factor to consider is that despite the expensive cobalt being dramatically reduced in these higher nickel cathodes, it does not necessarily mean it will be available to the market at a significantly lower cost…Even if despite all these challenges, the NCM 811 adoption is quicker than Benchmark Mineral Intelligence expects, the cobalt industry will still face a supply problem…Under our most bullish scenario where 811 is equal to a huge 40% of the NCM cathode market in 2026, the lithium ion battery industry will still require 180,000 tpa of battery grade cobalt…That is over a tripling of battery grade cobalt production last year and just under a doubling of the industry’s total annual production…And considering it will be near impossible to commercially engineer cobalt out of a lithium ion battery within the next decade, it is fair to say that the cobalt conundrum is just beginning and the industry’s challenges will shift from supply to demand.