Nickel and industrial metals come back into focus
Nickel is used for stainless steel production, but also for batteries in electric vehicles
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Nickel is therefore by no means an old-fashioned raw material. After China's economic recovery, nickel is becoming increasingly interesting. There could also be a shortage of the silvery white metal. Chinese steel and battery manufacturers already fear that a shortage could occur. Prices have also gone up by around 15 per cent in the last two months, after a "pandemic low".
Before the financial crisis, nickel cost around four times as much as it does today. So there is still a lot of air. Every 15 to 20 years, nickel prices have gone up steeply. In order to now be able to leverage this development, it might be worthwhile to invest in companies that own nickel.
One of the largest nickel-cobalt-palladium projects is located in Ontario, the Crawford project, and it is wholly owned by the Canada Nickel Company: https://www.commodity-tv.com/play/canada-nickel-company-announces-discovery-of-multiple-palladium-platinum-zones/. This well-funded company has a strong track record of new nickel, platinum and palladium discoveries on the Crawford project.
Also exciting is the story of a nickel mine that produced for years, now owned by RNC Minerals and now a gold mine: https://www.commodity-tv.com/play/rnc-minerals-transition-to-a-quality-gold-producer-with-growth-plans/. Opened as a nickel mine in 1973, a large gold-bearing deposit was found in 2018. Actually a gold producer with the Beta Hunt, Higginsville and Spargos Reward mines, RNC Minerals owns 28 percent of the Dumont nickel-cobalt project in Quebec. This project contains the second largest nickel and ninth largest cobalt reserves in the world.
Recent corporate information and press releases from RNC Minerals (https://www.resource-capital.ch/en/companies/rnc-minerals-corp/) and Canada Nickel Company (https://www.resource-capital.ch/en/companies/canada-nickel-company-inc/).
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