Nickel and copper - important raw materials for the future
Currently, Germany's share of the European electric car market is more than twice as large as Norway's market. By the end of November, one in four electric cars registered in Europe was registered in Germany. The reason for this is undoubtedly the government subsidies, which make the decision in favor of electromobility easier. The second largest market by a wide margin is France.
Compared with the same period of the previous year, registrations of electric cars in Germany rose by a good 183 percent, more than in any other European country. This demand for climate-friendly vehicles, not only in Germany, is creating strong demand for battery metals. Above all, it is nickel, cobalt and copper that need to be installed, and significantly more than in conventional vehicles. Decarbonization, i.e. the move away from fossil fuels, is driving up the prices of these battery metals.
Whereas the price of nickel was just over 14,000 US dollars per ton a year ago, today it is around 17,300 US dollars. The price of copper, which was quoted at just over 6,000 US dollars per ton a year ago, is now also significantly higher, at around 7,900 US dollars. This means that the price of copper (on the London Metal Exchange) has made a profit for the ninth month in succession.
So let's take a look at companies that have these coveted commodities in their projects, Canada Nickel Company and Copper Mountain Mining.
Canada Nickel Company's - https://www.youtube.com/watch?v=h8Qu1EGWgIE - Crawford nickel-cobalt sulphide project in Ontario, Canada contains nickel and cobalt. Metallurgical test results have already been very promising.
Copper Mountain Mining - https://www.youtube.com/watch?v=rKjiKFTA51M - holds a 75 percent interest in the successful producing Copper Mountain copper mine in British Columbia.
Current corporate information and press releases from Canada Nickel Company (https://www.resource-capital.ch/en/companies/canada-nickel-company-inc/) and Copper Mountain Mining (https://www.resource-capital.ch/en/companies/copper-mountain-mining-corp/).
In accordance with §34 of the German Securities Trading Act (WpHG), I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of this news is valid.
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