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An article in the South China Morning Post entitled, “China goes all out to secure lithium, cobalt supplies – key to dominating the world electric car market” has featured Fortune Minerals (TSX:FT) NICO cobalt-gold-bismuth-copper deposit located 160 kilometers northwest of the city of Yellowknife in Canada’s Northwest Territories.
An article in the South China Morning Post entitled, “China goes all out to secure lithium, cobalt supplies – key to dominating the world electric car market” has featured Fortune Minerals (TSX:FT) NICO cobalt-gold-bismuth-copper deposit located 160 kilometers northwest of the city of Yellowknife in Canada’s Northwest Territories.
The article discusses how demand driven by electric vehicles, “has seen Chinese companies go on a global hunt to secure lithium resources. Now they are rapidly clinching deals to get hold of cobalt whose supply is even more concentrated geographically.”
As quoted in the article:
The company has received “expression of interest” from over 25 potential investors – including several in China – which have been given access to the project’s financial data and projections, Goad said.
These include miners, refiners, banks, financial investors, car and battery makers.
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