Some idea of nickel demand going forward !!!Sotkamo, October 8th, 2021 – Renault Group, a top automotive player and pioneer in the European EV market, and Terrafame, a company operating one of the world’s largest production lines for EV battery chemicals in Finland, have signed a Memorandum of Understanding (MoU) for a future supply of nickel sulphate. With this agreement, Renault Group will secure a significant annual supply of nickel sulphate from Terrafame, representing up to 15 GWh of annual capacity. The cooperation will begin by paying particular attention to sustainability systems and defining detailed metrics for traceability beyond solutions currently used for EV battery chemicals production.
Their nickel grade pales in comparison !!!
The project has total measured, indicated and inferred resources of 414Mt (0.15% Ni cut-off) containing 0.26% Ni, 0.02% Co, 0.14% Cu and 0.54% Zn. Total proved and probable reserves are about 257Mt, at about the same grades.