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Gungnir Resources Inc V.GUG

Alternate Symbol(s):  ASWRF

Gungnir Resources Inc. is a Canadian mineral exploration company with gold and base metal projects in northern Sweden. The Company’s assets include two nickel-copper-cobalt deposits, Lappvattnet and Rormyrberget, both with updated nickel resources, and the Knaften-Hemberget project, which hosts a developing intrusion-hosted gold system, VMS-style mineralization, copper-nickel targets, and disseminated felsic volcanic breccia-hosted gold boulders all of which are open for expansion and further discovery. The Lappvattnet and Rormyrberget nickel deposits are located along the Nickel Line in the eastern part of the Vasterbotten District, approximately 60 kilometers (km) and 100 km, respectively, east of the Company’s Knaften gold exploration project. The Knaften project is situated at the south end of a regional structure known as the Gold Line. Hemberget is located approximately six km north of the Knaften project within the broader Gold Line along with Knaften.


TSXV:GUG - Post by User

Post by CrazyPropheton Nov 10, 2021 7:10am
109 Views
Post# 34108579

Market share could rise to 31% by 2026 !!!

Market share could rise to 31% by 2026 !!!

The battery market is growing in leaps and bounds, spurred by the electrification of the global fleet of passenger cars. Nickel analyst expect nickel-based battery chemistries to hold the largest share of the market by 2030, slightly ahead of iron-based batteries, with other solutions trailing far behind these two main groups.

Limited access to nickel could throw a spanner in the wheels of this forecast, however, as the battery industry has to compete for supply with other growing industries, such as steelmaking.

Unlike other essential battery raw materials used for cathodes such as lithium, the battery market is not the dominant end-user for nickel in the short term. According to our estimates, the stainless-steel industry accounts for more than 70% of current global nickel demand, with the battery market making up less than 10% of global nickel metal demand in 2020.

Nickel metal demand from the stainless-steel industry is expected to grow at about 5%/y, while the market for batteries is poised to explode. In an unconstrained supply scenario, batteries could require more than 1 million t of nickel metal by 2030, quadrupling from the current demand of 0.25 million t.

The battery market only accounts for 9% of the current global supply of about 2.3 million t, but forecasts show its market share could rise to 31% by 2026. This surging demand from the battery market will place huge pressure on the nickel supply chain in less than a decade.

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