Karora Resources Inc T.KRR

Miners cheering Biden’s move to help EV makers

[horace5]

April 1, 2022

“Demand for nickel and lithium and copper could grow from anywhere between 500% and 1000% over the next 20 years, according to the National Mining Association.”

“The problem in the nickel and other markets has captured the administration’s attention for months with the Commerce Secretary telling Yahoo Finance in March that it's working with private companies to stockpile the existing minerals.

And now the focus is on increasing the supply. [National Mining Association President and CEO Rich] Nolan notes that, because of the long lag between deciding to mine and the finished projects like batteries, delays now could impact the availability of these materials for coming generations of electric vehicles.

‘If we don't get moving now, we're going to be in real trouble,’ he says.”

https://finance.yahoo.com/news/why-miners-are-cheering-bidens-move-to-help-ev-makers-142532414.html

 

 

[materialsgirl]

In real trouble for sure. The challenge is that mining has been a horible business for many decades Profits are elusive. Many current nickel ore bodies could be mined for $30,000  ton. But where do you find enough foolish investors to spend billions over  4 years without the fear of prices crashing. Throughout history, high prices are usually short lived.  Low prices  can