The transformation in the automotive industry needs nickel

The change in the automotive sector is leading to a change in the raw materials market. Nickel plays an important role in this.

Nickel is not only used in the production of stainless steel but is also a key metal in the automotive industry. This is because it is an essential component in the manufacture of electric and hybrid cars, as it is found in lithium-ion batteries. It is also used in wheel components, bumpers and turbochargers. More EV batteries are needed, which means more and more nickel. There are very large nickel deposits in Indonesia. The country banned the export of nickel ore in 2020. The EU successfully challenged this at the World Trade Organization. Indonesia objected and negotiations are now underway.

Interestingly, networking in the vehicle is becoming increasingly important. Digital equipment, computing power and large screens are becoming increasingly popular. The future of travel is therefore changing. For example, a special motorhome was presented at CES 2024, the recently concluded high-tech trade fair in Las Vegas. A luxurious living space, including a desk, entertainment electronics, driver assistance systems and a solar panel roof that generates energy. On the road with a home office – a nice thought. There is also already technology that allows e-cars to be charged automatically. So a lot is happening and much is only possible thanks to certain raw materials. In addition to lithium, cobalt, copper and silver, this also includes nickel.

When it comes to nickel and cobalt, Canada Nickel Company – https://www.commodity-tv.com/ondemand/companies/profil/canada-nickel-company-inc/ – is a must. The company owns the promising Crawford project in Canada. Agnico Eagle has now acquired a stake, which speaks for the quality of the project.

Another company, Green Shift Commodities – https://www.commodity-tv.com/ondemand/companies/profil/green-shift-commodities-ltd/ -, has nickel, lithium, vanadium, phosphorus and neodymium in the ground. The projects are located in Argentina, Colombia and Ontario.

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

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