Nickel Industry- Wide Cash Costs DiscussionSam Broom of Sprott Global Resource Investments, in this conversation with Maurice Jackson of Proven and Probable, discusses the supply and demand equations for two essential elements in EV batteries, nickel and cobalt.
"It’s hard to give an exact number, but last I checked I would say industry-wide cash costs average somewhere around $4-5 a pound. If you take in all-in sustaining costs, you’re probably looking at above $6.50 a pound. If you take into consideration the true cost of production, including capital costs, which you should always do, it’s probably above $7 or $8 a pound. Nickel’s currently trading at $6.50 a pound, or about $13,000 to $14,000 a ton. By and large, the industry is underwater at these prices."