Nickel is one of the most important raw materials among industrial metals. It is needed for the electromobility trend and for applications in the metal industry.
Almost half of the world's nickel production comes from Indonesia. And most of it is in Chinese hands. Prices for the metal rose in February. There are still fears that sanctions against Russian nickel could lead to shortages. Some smelters have already announced that they are reducing production. Nevertheless, nickel producers in western jurisdictions are finding it difficult to compete with the lower prices from Indonesia. And Indonesian producers could also incur losses. If less nickel comes out of the mines, this should support the price. In addition, the economic situation appears to be improving, which should boost demand. In the medium term, the experts at Commerzbank therefore see a nickel price of around USD 20,000 per tonne.
Raw materials such as nickel, lithium and cobalt are in demand when it comes to electrification and electromobility.
This should benefit the Canada Nickel Company - https://www.commodity-tv.com/ondemand/companies/profil/canada-nickel-company-inc/ - , for example. This is because it owns nickel and cobalt in the Crawford project in Canada. Cobalt is mainly used in electric vehicles. However, cobalt is also used in combustion engines, magnets, tools and chemical processes. An average lithium-ion battery contains around ten kilograms of cobalt. Most of this cobalt comes from the problematic Democratic Republic of the Congo.
Companies such as Blackbird Critical Metals (formerly known as Gama Explorations) - https://www.commodity-tv.com/ondemand/companies/profil/blackbird-critical-metals-inc/ -, which own nickel, cobalt, copper and lithium in their projects in Canada, are in a much better position.
Current company information and press releases from Blackbird Critical Metals (- https://www.resource-capital.ch/en/companies/blackbird-critical-metals-corp/ -) 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/
Almost half of the world's nickel production comes from Indonesia. And most of it is in Chinese hands. Prices for the metal rose in February. There are still fears that sanctions against Russian nickel could lead to shortages. Some smelters have already announced that they are reducing production. Nevertheless, nickel producers in western jurisdictions are finding it difficult to compete with the lower prices from Indonesia. And Indonesian producers could also incur losses. If less nickel comes out of the mines, this should support the price. In addition, the economic situation appears to be improving, which should boost demand. In the medium term, the experts at Commerzbank therefore see a nickel price of around USD 20,000 per tonne.
Raw materials such as nickel, lithium and cobalt are in demand when it comes to electrification and electromobility.
This should benefit the Canada Nickel Company - https://www.commodity-tv.com/ondemand/companies/profil/canada-nickel-company-inc/ - , for example. This is because it owns nickel and cobalt in the Crawford project in Canada. Cobalt is mainly used in electric vehicles. However, cobalt is also used in combustion engines, magnets, tools and chemical processes. An average lithium-ion battery contains around ten kilograms of cobalt. Most of this cobalt comes from the problematic Democratic Republic of the Congo.
Companies such as Blackbird Critical Metals (formerly known as Gama Explorations) - https://www.commodity-tv.com/ondemand/companies/profil/blackbird-critical-metals-inc/ -, which own nickel, cobalt, copper and lithium in their projects in Canada, are in a much better position.
Current company information and press releases from Blackbird Critical Metals (- https://www.resource-capital.ch/en/companies/blackbird-critical-metals-corp/ -) 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/
