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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

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

Post by Marketbeaton May 11, 2021 5:18am
172 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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