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Nickel - for the steel sector and for e-car batteries


Von Swiss Resource Capital AG

The use of nickel is constantly increasing. It is dependent on economic development.

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While global demand for nickel was 1.12 million tons in 2000, it had already risen to 1.46 million tons by 2010. In 2020, global nickel demand was 2.38 million tons. Nickel demand has grown by around 3.8 percent annually since 2000. In China alone, nickel demand grew by five percent per year from 2010 to 2020. In 2022, about 3.3 million tons of nickel were produced on earth, of which about 1.6 million tons came from Indonesia, the largest nickel producer. Nickel is mainly used for the production of stainless steels. But the metal is also needed for electric vehicle batteries. According to estimates by the International Nickel Study Group, there will be a nickel surplus in the current year, although this is due to the presence of low-quality nickel. For nickel class one, the market is expected to be tight. 

 

In any case, it is an interesting metal that is increasingly in demand. The metal is processed in consumer and industrial goods, for example in stainless steel, coins, sanitary fittings or certain magnets. Currently, according to estimates, around five percent of global nickel production goes into the manufacture of electric cars. That's not that much yet, but demand from this industry is expected to rise. Nickel is therefore one of the raw materials that stand for net-zero targets and decarbonization.

 

Nickel, for example, is held by Green Shift Commodities - https://www.commodity-tv.com/ondemand/companies/profil/green-shift-commodities-ltd/ - at its Berlin project in Colombia. Phosphate, uranium and vanadium are also contained there, as is neodymium, which belongs to the rare earth elements. Neodymium is used in powerful magnets to increase efficiency in wind turbines and electric motors.

 

In Ontario, nickel is available from the Canada Nickel Company - https://www.commodity-tv.com/ondemand/companies/profil/canada-nickel-company-inc/ - at the Crawford project. This also has cobalt, making it another battery raw material.

 

Current corporate information and press releases from Canada Nickel Company (https://www.resource-capital.ch/en/companies/canada-nickel-company-inc/ -).

 

 

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/



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