Nickel and cobalt

While there are uncertainties surrounding economic growth in China and emerging markets, Moody’s Investor Service expects improved conditions for the global metals and mining industry. Fundamentals for key commodities look good, as do activity indicators in China and other major economies. Demand for battery metals such as nickel or cobalt and base metals should remain strong. This is because the clean energy theme will create demand. If demand from electromobility grows, this will also reduce inventories, even if there is still enough nickel at the moment.

In the case of nickel in particular, inventories have barely increased in recent weeks. Experts therefore believe that the current price weakness for nickel is exaggerated. In addition, Russia is one of the most important suppliers of high-grade nickel, so there could be restrictions on nickel exports from Russia. And Russia has a 17 percent market share of nickel class one.

In the case of cobalt, an indispensable component of rechargeable batteries for electric cars or smartphones, the dilemma is that the largest global reserves are located in the Congo, a country with difficult domestic politics. And there is no substitute for cobalt as part of rechargeable batteries. Cobalt, a strategic raw material, is also used in special superalloys and for very strong tools. For Europe, cobalt production sources that, in contrast to Congo, can score with high environmental compatibility are of course important.

Cobalt exists, for example, at Mawson Gold’s – https://www.commodity-tv.com/ondemand/companies/profil/mawson-gold-ltd/ – Rajapalot gold-cobalt project in Finland.

In Ontario, Canada Nickel Company – https://www.commodity-tv.com/ondemand/companies/profil/canada-nickel-company-inc/ – owns nickel and cobalt at its main Crawford project.

Current corporate information and press releases from Mawson Gold (- https://www.resource-capital.ch/en/companies/mawson-gold-ltd/ -) and Canada Nickel Company (- https://www.resource-capital.ch/en/companies/canada-nickel-company-inc/ -).

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