Anyone tells you Europe doesn't need a ton more domestic nickel supply is telling you stories !
“More than 90% of rare earth magnets are produced in China today,” reads an extract from a recent report by the EU-backed European Raw Materials Alliance.
he Nickel Institute said that while there are world-class nickel producers in Europe, nickel sourced from outside of the EU is currently necessary to meet demand.
“Nickel mined within the EU and from sources outside of the EU complement each other. The growing demand within the EU can only be satisfied by ensuring that mine production from the EU and elsewhere go hand in hand,”