Electric cars are booming - and need raw materials
Last year, the German Federal Office of Economics and Export Control (Bafa) received more than 255,000 applications for electric cars. Around 140,000 of these related to battery vehicles and around 115,000 were for plug-in hybrids. Two recent studies reveal that the number of those who primarily prefer to own a vehicle has increased in the pandemic. The pandemic is not the right backdrop for car-sharing, carpooling or public transportation. A sense of security can now be enjoyed in one's own car.
The number of people considering buying a car in the next few months has also risen significantly. And if the economy recovers as the pandemic is increasingly under control, then sales figures should rise. Charging stations have also increased, making the decision to buy an environmentally friendly, government-subsidized e-car much easier. To produce these vehicles, important raw materials must be available.
Batteries need cobalt, lithium or nickel, for example, and these raw materials are in short supply, with an upward trend. But battery metals are also found in every smartphone and laptop. The vehicles themselves consume a lot of copper.
Companies such as Canada Nickel Company or Hannan Metals should profit from the booming electric mobility.
Canada Nickel Company - https://www.youtube.com/watch?v=7fUXrXanpHw - owns nickel and cobalt in the Crawford nickel-cobalt sulfide project in Ontario. In addition, the portfolio includes trademark rights for the production of carbon-free nickel, cobalt and iron products.
Hannan Metals - https://www.youtube.com/watch?v=f2GjpTKLTvc - has copper and silver in its nearly 1,000 square kilometer San Martin property in Peru, a particularly high-grade project with a promising future.
Current corporate information and press releases from Canada Nickel Company (https://www.resource-capital.ch/en/companies/canada-nickel-company-inc/) and Hannan Metals (https://www.resource-capital.ch/en/companies/hannan-metals-ltd/).
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