Nickel, cobalt and copper as battery metals
With the shift to a clean energy system, the demand for these metals will increase.
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Copper, nickel and cobalt are rare metals in Europe, even rarer than oil and gas. Now there are efforts to retrieve these metals from the seabed of the deep sea, perhaps as early as next year. But there are still some obstacles. Dredging the seabed could cause problems, as could the enormous noise pollution associated with extraction. Noise disturbs marine mammals and whales in terms of orientation and communication. It is also difficult to predict the effects of extraction in the deep sea, which is still relatively unexplored. Especially between Hawaii and Mexico, the seabed is rich in copper, cobalt and nickel, thanks to the presence of manganese nodules. In any case, deep-sea mining has not yet started.
However, batteries for electric cars and many state-of-the-art devices such as smartphones need metals such as nickel, copper and cobalt, although these are known not to be the only raw materials required. For copper, nickel and cobalt, there are rich deposits in Indonesia, Chile and the Congo. Chile is the world's largest copper producer. The Ukraine-Russia war has taught us how important the supply of raw materials in demand is. High prices for oil and gas demand an energy turnaround as quickly as possible. Investors can profit from this trend by betting on companies that own these raw materials in their projects.
Here, the Canada Nickel Company - https://www.youtube.com/watch?v=sPEbckK019I - comes into consideration in particular. At its Crawford project (nickel and cobalt) in Ontario, the measured and indicated nickel resources have currently doubled.
In British Columbia, Copper Mountain Mining owns 75 percent of the copper-producing Copper Mountain property. Another copper project in Australia and a property in the Mount Isa area complete the portfolio.
Current corporate information and press releases from Copper Mountain Mining (https://www.resource-capital.ch/en/companies/copper-mountain-mining-corp/) and Canada Nickel Company (https://www.resource-capital.ch/en/companies/canada-nickel-company-inc/).
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