Elon Musk pleads for new sources of North American nickel March 25, 2022
“You guys find it, we’ll buy it from you, we’ll get contracts for guys.”
“t’s not every day that Tesla CEO Elon Musk publicly pleads for new sources of North American nickel.”
“‘A lot of the potential that exists here is because we’ve got a CEO like Elon Musk coming out and saying, we will buy North American nickel. You guys find it, we'll buy it from you, we'll get contracts for you guys,” [James Sykes, CEO of Metal Energy] said. “That's a huge driver in itself.’”
“Nickel's emergence as an essential component of electric vehicle batteries has thrust the metal into the spotlight, and investors are eager to get a piece of the action.”
”[G]lobal demand for nickel was estimated to be roughly 60,000 metric tons in 2018, but by 2025 that number is expected to increase tenfold by 2025 to over 665,000 tons worldwide as the automotive industry continues shifting towards electrification.
Although batteries are one of the smallest use cases for nickel, the increased use of electronics has led to the rising demand for nickel as the shift towards replacing fossil fuels continues to accelerate."
Metal Energy is advancing two promising Canadian nickel projects during one of the hottest times to be in the business
https://www.paidpromotionalmessages.com/companies/news/977800/metal-energy-is-advancing-two-promising-canadian-nickel-projects-during-one-of-the-hottest-times-to-be-in-the-business-977800.html
“On a global scale, Canada ranks fifth in terms of nickel production, having produced 181,000 tonnes as of 2019 and representing 6.8 percent of the world’s total supply.
In 2021, total nickel production is estimated to reach 2,427.4 thousand tonnes, which is a 6.8 percent increase from 2020 after a 4.2 decrease in 2020 resulting from the COVID-19 pandemic, with Canada handily contributing to that growth.
Within Canada, Ontario contributes to roughly 41 percent of nickel production, followed by Quebec at 30 percent, Newfoundland and Labrador at 22.2 percent and Manitoba at roughly 7 percent as of 2019.”
“‘Nickel demand is going up — it’s going to continue going up,’ Sykes said.
For example, global demand for nickel was estimated to be roughly 60,000 metric tons in 2018, but by 2025 that number is expected to increase tenfold by 2025 to over 665,000 tons worldwide as the automotive industry continues shifting towards electrification.
Although batteries are one of the smallest use cases for nickel, the increased use of electronics has led to the rising demand for nickel as the shift towards replacing fossil fuels continues to accelerate.”
A Canadian-based Nickel Company in the Heart of a World-class District (Stockhouse News)