Current Nikel production globally is circa 2 million tonnes. By 2023 predictions say this figure will need to be 4 millions to meet growing demand (conservative).
Nikel price fell following an announcment out of China in March but has bounced back from 16,000 to near 20,000 per tonne.
MCR closing in on first nickel concentrate scheduled for late in the March 2022 quarter and a 20% increase in share price since Jan.
BHP Nickel West Kambalda Nickel Concentrator being prepared to take MCR ore. BHP Nickel West recently agreed a landmark nickel supply arrangement with Tesla, showing how important ‘sustainable’ nickel is to the future growth of the EV battery industry.
More research required and a valuation but seems upside and potential.
