Last spring, there was some turbulence on the nickel market and trading was suspended for a short time. Although the supply of nickel from China and Indonesia in particular is increasing today, nickel stocks in warehouses have remained at a low level. Around 40 percent of global primary production will come from Indonesia, the main producing country, this year. The nickel price is currently rather weak. This will put pressure on producers outside Asia. This is because production costs in the eurozone have also risen due to higher energy costs. However, if there are production restrictions in Indonesia, the supply of nickel could quickly fall. This would make nickel more expensive again. Nickel is used to refine steel products and is a component of batteries in electric vehicles.
Copper is also an important raw material in electromobility. The price of the reddish metal has risen since October. This is probably due to the more positive economic outlook. This is because a turnaround in interest rates is expected soon in the USA and other countries. China, an important copper consumer, is stimulating the economy, which could result in rising copper consumption. Industrial metals have already reflected better economic prospects in China in terms of price, only nickel has not (yet) reached that level. Nevertheless, nickel is also a raw material that has good prospects for the future due to its potential uses.
When it comes to nickel, there is no getting around the Canada Nickel Company - https://www.commodity-tv.com/ondemand/companies/profil/canada-nickel-company-inc/ -. The company owns the Crawford project in Canada.
In terms of copper, Torq Resources - https://www.commodity-tv.com/ondemand/companies/profil/torq-resources-inc/ - is pleasing with its promising investments in Chile (Santa Cecilia, Margarita, Andrea).
Current corporate information and press releases from Canada Nickel Company (- https://www.resource-capital.ch/en/companies/canada-nickel-company-inc/ -) and Torq Resources (- https://www.resource-capital.ch/en/companies/torq-resources-inc/ -).
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