Fortune Minerals Ltd T.FT

Chevy rolls out....

[red]

...Plans for electric Silverado.....this just gets better every day and will only be good for us and other NA cobalts. Battery plants and more battery plants needed ....and coming.

https://www.cnbc.com/2021/04/06/gm-shares-hit-new-record-on-plans-for-electric-chevy-silverado-pickup.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Message

[elitespooner]

pretty sure theyre on the aluminum side of the batteries, no cobalt

[red]

LMAO, Would be great if you can post the source of that tidbit ..... I will wait to see it. 

[elitespooner]

https://www.theverge.com/2021/3/11/22325241/gm-electric-vehicle-battery-range-cost-solid-energy

[red]

Looks like an interesting research experiment but non-the-less is interesting..... I wonder if the guys at benchmark or Simon Moore's have seen this? They are going to look pretty dumb when they do find it. Thanks ES

[elitespooner]

..no problem, battery tech is moving fast.

[Jim1712]

This post has been removed in accordance with Community Policy

[elitespooner]

not for long, https://www.engadget.com/gm-is-placing-all-of-its-ev-eggs-in-the-ultum-battery-basket-163038784.html

[Marketbeat]

From that article  "Unlike coup-positive Tesla, GM (partnering with LG Chem) has taken a more calculated approach to avoiding interruptions to its EV supply chain by doping its anodes with aluminum. Ultium’s NCMA (Nickel-Cobalt-Magnesium-Aluminum) batteries contain 70 percent less cobalt than NCM-based cells without seeing a notable decrease in cell durability. In fact GM and LG

[elitespooner]

Dont get me wrong, still bullish on Cobalt. Who cares bout GM and their billions or the South Koreans and the future of battery tech. IM sure Robin has the long game figured out.. stay long

[Marketbeat]

Yep. You go it.  im taking the literal meaning of your words.  but I can play the other side of the token too... China, North American government and EU governments must be short sighted their creating critical minerals lists... hahahahaha now that is funny. Your sarcasm amuses me. You bash goad. I'm not talking about goad right now I'm talking about Nico. Someone will

[red]

We would be fools to think that there will not be many types of batteries used in the auto industry but in the big picture and with all the other uses of cobalt the facts remain there is not enough in production to go around and that remains a problem and as experts have predicted that shortage is eminent. EVs are a part of the battery world and will create the immediate demand and rightfully so

[elitespooner]

What I was raising is this, GM would rather spend billions on the tech than secure a CDN source of Cobalt.

[Marketbeat]

To that note I totally agree