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Canada Nickel Company Inc V.CNC

Alternate Symbol(s):  CNIKF

Canada Nickel Company Inc. is a Canada-based company, which is engaged in advancing the nickel-sulfide projects to deliver nickel required to feed the electric vehicle and stainless-steel markets. The Company owns flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. The Company also owns 25 additional nickel targets located near the Crawford Project. Its wholly owned NetZero Metals Inc. to develop zero-carbon production of Nickel, Cobalt and Iron and applied for the trademarks NetZero Nickel NetZero Cobalt and NetZero Iron across several jurisdictions.


TSXV:CNC - Post by User

Comment by CanadianPatrioton Mar 25, 2023 10:49am
69 Views
Post# 35360223

RE:Vale working to meet demand for clean nickel for EV's

RE:Vale working to meet demand for clean nickel for EV's Yep keep posting the "desperation" to gobble up deposits.   What you fail to mention is the market and desire to gobble up low grade mines.  

Not seeing it at all.  Can you give us examples?

EndZonefor7 wrote: The nickel market in Canada is expanding so fast that suppliers can barely keep up with demand for that critical mineral.  

Gilpin said the battery electric vehicle market is changing the nickel industry. 

"There's no doubt about it. And it's quite exciting. I know you've probably talked a lot about electric vehicles. You've heard a lot about it. It is something we've been talking about for many years. And when you take a look at nickel demand, the forecast is out about 10 years.  We see the total demand basically doubling ... and a significant component of that is going to be due to electric vehicles," Gilpin said. 

He said nickel production for stainless steel will continue as will the creation of specialty alloys, but the company is now pivoting to dedicate 30 to 35 per cent of all nickel production dedicated to electric vehicles (EV). 

Gilpin said the other important point is that Sudbury nickel is low-carbon nickel, meaning it is classed as an environmentally clean mineral. 

"You know, the easiest way to think of it or understand why, is that a nickel-rich EV battery requires between 40 to 60 kilograms of nickel," Gilpin said. 


https://www.sudbury.com/local-news/vale-working-to-meet-demand-for-clean-nickel-for-the-auto-market-6752028



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