HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Message: Lagging Nickel Price Defies Aenemic Pipeline
The impending nickel shortage may not looking too good EV manufacturers and the steel industry...But it sure looks good for the shareholders of the up and coming nickel mines since nickel prices are going to start to move upward. All the more reason why us Noront shareholders need to stand our ground and demand fair share value and treatment.
TM.
https://www.mining.com/chart-lagging-nickel-price-defies-aenemic-supply-pipeline/
CHART: Lagging nickel price defies aenemic supply pipeline
Frik Els | November 9, 2021 | 1:00 pm Battery Metals Intelligence Markets Asia Australia Canada Europe Russia and Central Asia Cobalt Copper Nickel
Nickel prices have lagged the base metal complex this year as China’s clampdown on emissions from heavy industry crimps the stainless steel market, which is still responsible for the bulk of demand.
Less than 10% of nickel ends up in the battery supply chain, but growing demand for EVs is set to transform the nickel market, doubling its current size through 2040.
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While ruling prices for most base metals incentivize the building of new mines at these levels, a new research note by Wood Mackenzie points to the inelastic nature of supply due to long lead times for new mines of over a decade, and a dearth of advanced projects.
This is especially true of nickel, says the Edinburgh-based research company, with projects deemed probable to be greenlit not enough to even cover one year’s supply requirement over this decade.
And this shortfall is based on Woodmac’s base case scenario for demand, not taking into account any additional requirements for battery metals, should the world embark on an accelerated energy transition as envisaged under COP26.
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