Global Cobalt’s Chutter: Cobalt Market Equilibrium Not Far Off

Global Cobalt’s Chutter: Cobalt Market Equilibrium Not Far Off

"What we've seen over the last 18 months is a sure, steady increase in the cobalt price," Global Cobalt President and CEO Erin Chutter said in a recent conference call. That, of course, is good news for the company's Russia-based Karakul cobalt project.

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Company News

Ramu Nickel Mine Restarts in Papua New Guinea

Reuters reported that a Papua New Guinea-based nickel and cobalt mine operated by China's Ramu NiCo Management (MCC) Ltd. resumed production following an attack by armed villagers three days ago.

Fortune Minerals Secures Final Water Licence For NICO Mine

Fortune Minerals Ltd. (TSX:FT,OTCQX:FTMDF) has announced that the Honourable J. Michael Miltenberger, Government of the Northwest Territories (GNWT), Minister of Environment and Natural Resources has granted Fortune final approval for the Type A Water License required for its NICO gold-cobalt-bismuth-copper mine and concentrator. The final licence was required to construct and operate the NICO mine.

Fortune Minerals’ Goad Discusses Progress at NICO

In a video interview with Business News Network, Robin Goad, president and CEO of Fortune Minerals Ltd. (TSX:FT), discusses the status of his company’s NICO gold-cobalt-bismuth project in Canada’s Northwest Territories.

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Market News

LG Chem to Challenge Tesla Electric Car Battery

The Wall Street Journal reported that leading battery maker LG Chem Ltd. (KRX:051910) is creating an electric car pack that "extends the range of most vehicles on the road today, but at a similar price."

Chris Berry on Tesla’s Q2 Earnings Report

Chris Berry, president of House Mountain Partners LLC and co-editor of the Disruptive Discoveries Journal, published an analysis of Tesla Motors Inc.'s (NASDAQ:TSLA) Q2 earnings report.

Simon Moores on the Tesla Motors-Panasonic Partnership

Panasonic Corp. (TSE:6752) and Tesla Motors Inc. (NASDAQ:TSLA) announced today in a joint statement that they have signed an agreement to cooperate on the construction of Tesla's much-discussed lithium-ion battery gigafactory.

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