“Record nickel prices could jumpstart a half-dozen projects in Canada”
“‘The last couple days, you almost have to set them aside,’ said Martin Turenne, chief executive of FPX Nickel Corp., which is developing a nickel project in central British Columbia. ‘It’s a very particular short squeeze that’s being just incredibly messy, but you know the nickel price will settle back down to a more normal range when these winds have passed.’
Still, Turenne said the dramatic trading day in London was only the latest sign that the nickel market is rapidly heating up as automakers look to establish battery supply chains. That adds a major source of new demand to a metal that is still primarily used to make stainless steel.
‘Two or three years ago, nickel was still a four-letter word,’ said Turenne. ‘It had a pretty grim track record and it’d been oversupplied over the past years.’”
“But in the first months of 2020, Turenne said his phone suddenly started ringing, as diversified mining companies turned bullish on nickel. Soon, automakers and battery makers were getting in touch to inquire about FPX Nickel’s project.”
“Like a car rolling down hill”: Canada’s junior miners loving price spike
https://financialpost.com/commodities/mining/like-a-car-rolling-down-a-hill-canadas-junior-nickel-miners-loving-price-spike