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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 Apr 05, 2022 7:31am
137 Views
Post# 34575754

Upward pressure on share price anytime now !

Upward pressure on share price anytime now !

 

As the energy transition drives surging demand, boosting supply will be key for copper and nickel
04 April 2022

Global nickel demand growth: the future is batteries

While stainless steel will continue to be the main first use for nickel, the major engine of demand growth over the next two decades will be batteries. From only 7% of the total market in 2021, we expect battery use to grow to 40% of nickel consumption by 2040. That will push nickel demand to double in size to six million tonnes per year. 

Our estimate for nickel use in batteries has increased by 900,000 tonnes in the past six months, mainly due to greater net zero commitments from governments and automakers. The increasing importance of energy storage to enable wider use of renewables will also be an important factor in driving demand.

Our current forecast indicates the need for an additional 1.65 million tonnes of nickel to be brought into production between 2026 and 2038. Given that an additional 1.8 million tonnes of nickel will have been brought online between 2011 and 2023, that ought to be feasible. 

However, the vast majority of new capacity development over the past decade has been in Indonesia and has had significant environmental side effects. Recent pledges by Indonesia to reverse deforestation and cease coal-fired power station development would make repeating these growth rates extremely challenging.

There is a growing focus on using locally-produced raw materials in Europe and the US. 

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