Elon Musk: "Please mine more nickel"
One of the main components of its batteries is nickel. And Elon Musk knows what he's talking about, more nickel, more batteries, more electric cars, more profit for him. Under the name "Roadrunner", a new low-cost battery has been developed at Tesla, which should bring the price of electric cars up to the level of petrol cars. And that's where a lot of nickel is needed.
Canada Nickel Company, for example, has this raw material in its projects. Cobalt, which is so important for electromobility, is also available there. Canada Nickel's Crawford nickel-cobalt-palladium project in Ontario in particular is one of the largest of its kind and has excellent infrastructure facilities.
Not only nickel, but also copper is important for the advancing electric mobility. Because every electric vehicle contains about 60 kilograms more copper than a conventional vehicle. The experts at Vontobel, the analysts at the company, believe that a possible election victory for Trump challenger Joe Biden will boost demand for battery raw materials such as nickel, cobalt and copper.
Copper has Hannan Metals in the ground at its San Martin mine alongside silver in Peru. The high-grade copper-silver system could thus be a lucrative project that could bring profits, even for investors.
Latest company 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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