Nickel price - perhaps about to jump
Some see the danger of a nickel deficit in the coming years. If around 2.4 million metric tons are needed per year today, this figure is expected to rise to 3.4 million metric tons by 2025, according to the German Raw Materials Agency. Until now, around 85 percent of nickel has gone into steel production. But this is about to change, as nickel is increasingly needed in the energy and transport sectors. Electromobility is forecast to soak up around 21 percent of nickel production as early as 2025. In China and the rest of the world, demand for nickel has also risen in the steel industry.
In many cases, nickel prices are therefore already seen at US$20,000 per ton or above. Most of the world's nickel comes from Indonesia and with the increasing demand, Indonesia's importance is also growing. Indonesia also has the second largest refined nickel production and will probably become the number one in global refined nickel production this year. And Europe is already thinking about mining nickel in Europe. Own capacities in Europe would make sense, according to the head, Peter Buchholz of the German Raw Materials Agency. Because dependencies on suppliers are not the best thing.
Nickel is not only important in the automotive industry and in the steel sector, but also in the solar or wind power industry, as well as in IT and medical technology. Nickel in projects such as those at Osisko Metals or Griffin Mining should therefore ensure good prospects for the future.
Griffin Mining - https://www.youtube.com/watch?v=kRi8d4ew1pA - is the largest zinc producer in China. The Caijianying mine is working extremely productively, with mineralization still open in several directions.
Osisko Metals - https://www.youtube.com/watch?v=BFXIsuJ79hY - owns two of the most important zinc deposits in Canada with its two properties in the Northern Territories and in New Brunswick.
Current corporate information and press releases from Griffin Mining (www.resource-capital.ch/en/companies/griffin-mining-ltd/) and Osisko Metals (www.resource-capital.ch/en/companies/osisko-metals-inc/).
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