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Nickel


theflasherman

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There is guarded optimism about future strength in the nickel price from a just released study from Fitch ratings.

 

Fitch Solutions (which last month released am upbeat report on iron ore) said this week it expects nickel prices to continue rising slowly as the world market continues to see a deficit in supply.

 

As a result, Fitch Solutions has lifted its long term nickel price outlook from $US15,750 a tonne to $US16,500 per tonne for 2021.

 

Three month nickel on the LME ended above $US18,100 a tonne (= $8 a pound) on Wednesday before easing Friday to $US17,972 a tonne.

 

Fitch says nickel prices are expected to continue to ease from present spot levels in the coming months, as demand from the steel sector stabilises and new nickel production ramps up....

 

 

https://www.sharecafe.com.au/2021/06/04/jus...e-stuff-really/

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there is a list here on Small Caps site (or should that be small caps?). It ranges from the established producers to those soon to be, right down to the hopeful minnows. There seem to be quite a few projects that have been shelved, waiting for the Ni price to be more attractive. in other words, supply is not an issue.

 

Very few are solely focused on Nickel, mainly because of the complex metallurgy .

 

 

https://smallcaps.com.au/nickel-stocks-asx-ultimate-guide/

 

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thanks nipper :P

 

PAN now i see what i'm use to puy my hands on and been stopped out few years back [bought at 0.30's and stopped out at 0.25]

thought PAN was good growth stock at the time [ they ramped me into it] :lol:

 

now it is 16cps as i looked at just now,

 

 

anything else you think is better bet for nickel ?? :unsure:

 

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  • 4 months later...

Recommendations from the United States Geological Survey (USGS), which guide the final list likely to be released by the Department of Interior later this month, show nickel and graphite should be added to the list of minerals deemed critical for the economic and national security of the US.

 

The USGS said in its report that greater reliance on foreign supplies and limited end of life recycling, had “elevated the risk of a supply disruption” of critical minerals essential for both established and emerging technologies, and that recent events, including trade disputes, resource nationalism, and the global coronavirus further highlight the risk of disruptions to the US economy and national security.

 

The USGS identified supply chains where there was risk of a single point of failure (SPOF), naming nickel and graphite as minerals where this could be the case. Nickel is a key component in lithium ion batteries, used in electric vehicles and military technology.

 

Demand for nickel for use in lithium-ion batteries is currently only a small percentage of its total demand, but that demand is expected to grow markedly, the USGS report authors Nedal Nassar and Steven Fortier wrote.

 

 

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  • 2 weeks later...

there was an interesting bit on Nickel in a larger article on potential M&A activity.

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In mining, tensions are high across the Western Australian nickel mining industry, where several players are trying to consolidate a sector that has returned to prominence on the back of expectations that battery manufacturers will need much more of metal as demand for electric vehicles rises.

Miner Western Areas could be the first domino to fall as merger talks with IGO limited stretch into a third month. Fortescue Metals chairman Andrew Forrest seems determined to have a say on that deal after his private company Wyloo took a substantial stake in Western Areas in August. Wyloo also has substantial stakes in two nearby nickel aspirants in WA’s Yilgarn Craton district; Mincor and Poseidon Nickel.

Just to make things more complicated, IGO owns about 8 per cent of Mincor and Western Areas owns almost 20 per cent of Kimberley nickel aspirant Panoramic Resources.

Quote

The elephant in the WA nickel room is BHP, which has commercial relationships with Mincor, IGO and Western Areas to process those companies’ material through BHP’s concentrators, smelters and refineries.

That makes BHP arguably the natural owner of the entire Yilgarn nickel province, and the multinational miner has been clear about its desire for more nickel. Only one thing is sure; the WA nickel sector will likely look very different several years from now.

 

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