These nickel deposits will be worth many $$$ unless your a fool or blind there will be
significant deficits for cobalt, nickel and copper as global demand rises for electric vehicle batteries and renewable energy.
"Some of these metals are just not going to be available due to the increase in demand, "Some of the modelling that we have done showed that in, let's say a decarbonised world ... the world will need almost double the copper in the next 30 years than in the past 30," said Vandita Pant, BHP's Chief Commercial Officer, at the FT Commodities Asia Summit.
"And for a commodity like nickel, that quadruples. So four times nickel needed for the next 30 years than the past 30 years and all to be done as sustainably as possible," Pant added.
Both nickel and copper are poised for strong consumption as a result of the transition away from fossil fuels. Nickel is used in electric vehicle (EV) batteries while copper is needed for wiring in the EVs, their charging stations and other renewable energy infrastructure.