Urgently needed in the batteries are nickel and cobalt. According to experts from Wood Mackenzie, the demand for nickel will double by 2040. From 2.4 million tons in 2020, nickel consumption is expected to increase to 4.9 million tons. If demand from the electromobility industry now accounts for around seven percent, it is expected to rise to around 30 percent in the next 20 years. The stainless-steel market is still responsible for around 70 percent of nickel demand, but by 2040 this figure will fall to around 53 percent.
Climate targets and government subsidies are responsible for more and more car buyers switching to battery-powered vehicles. While around three million of these were sold last year, it is forecast that there will be an estimated 49 million by 2040. After a lower demand for nickel in the Corona year 2020, there is already an increasing demand.
Alongside nickel and lithium, cobalt is an important raw material for electromobility. Currently, a ton of cobalt costs around 52,000 US dollars. Industry experts expect prices to continue to rise in the coming months, albeit not as dynamically as recently. This can be seen from the forward contract curve. From an investor's point of view, cobalt should not be overshadowed by lithium, because in terms of its importance for electromobility it is in no way inferior to lithium. Around 42 per cent of global cobalt demand comes from the battery industry and around two per cent from the catalytic converter sector.
Nickel and cobalt are owned, for example, by the Canada Nickel Company - https://www.youtube.com/watch?v=khS4jifS3eg . Its flagship project is the Crawford nickel-cobalt project in Ontario.
Cobalt also exists at Mawson Gold's - https://www.youtube.com/watch?v=L1jwfkYSxvI - Rajapalot gold-cobalt project in Finland. In addition, Mawson Gold owns gold properties in Australia.
Current corporate information and press releases from Mawson Gold (-https://www.resource-capital.ch/en/companies/mawson-gold-ltd/ -) and 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/