Nickel, for example, is a metal that continues to be in high demand despite the energy crisis or the Chinese real estate crisis (Evergrande). Nickel is used in the electric vehicle sector and in stainless steel. There is already a supply shortage. In the pandemic year 2020, there was also a shortage of supply due to various events such as strikes or maintenance work. And in China, nickel supply is falling due to power cuts. As a result, the price of nickel could rise to over US$20,000 per tonne in October.
This should please Canada Nickel Company - https://www.youtube.com/watch?v=_0q2eIuYKI4 -. After all, its main project, the Crawford nickel-cobalt mine in Ontario, has these important battery raw materials.
Sibanye-Stillwater - https://www.youtube.com/watch?v=vPSoSxCHueY -, actually a precious metals company, is also increasingly focusing on raw materials for electromobility. As a large platinum and palladium producer (South Africa, USA), the company is expanding its portfolio to include copper and nickel projects as well as a stake in a lithium project. The fact that a major mining company like Sibanye-Stillwater is turning its attention to battery metals speaks for itself. The battery market is a growth market, because electromobility is gaining in importance worldwide.
Not so long ago, European carmakers bought batteries from Asia. But today, carmakers also want to produce batteries for electric cars themselves. The planning of large battery plants is in full swing. But the necessary raw materials have to be found. Rising prices for battery metals are likely to be the result. The companies that own these metals, such as the Canada Nickel Company or Sibanye-Stillwater, are probably betting on the right horse.
Current corporate information and press releases from Sibanye-Stillwater (- https://www.resource-capital.ch/en/companies/sibanye-stillwater-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.
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