May Nickel News Update
May 14:
Timmins Today
Northern Ontario well positioned to reap the global rewards of the electric vehicle revolution
“Musk and any North American manufacturer don’t want to be associated with what can now be termed blood or genocidal nickel,” “that leaves Northern Ontario and Canada.”
May 15:
Friday Webinar: “Site specifics
Takeway from public meeting”
(idlefreebird)
“The new 40 year mine life suggest that we will be doubling resource come end of June as if you think of it the 15 years that will be tacked on to the present 25 year mine life will all be ran at 120,000 tpd and 42,000 tons on nickel annually”
May 18:
Nickel demand boomed in 2021; this year it will be supply
“The group expects usage to grow another 8.6% this year, exceeding the 3.0 million tonne mark for the first time ever.”
“Goldman Sachs forecasts nickel usage in the EV battery sector to increase by 62% to 285,000 tonnes this year and by another 26% to 358,000 tonnes in 2023.”
May 24:
Tesla battery research group unveils paper on new high-energy-density battery that could last 100 years
Jeep maker Stellantis to build $2.5 billion EV battery plant in Indiana
“The new facility is part of Stellantis' goal to achieve worldwide annual sales of 5 million battery-electric vehicles by 2030, bolstered by a plan to invest $35 billion in electrification and supporting technologies by 2025.”
May 25:
The Daily Press (Timmins)
‘This is what we’ve been waiting for’Fedeli bullish on automotive ‘revolution,’ return of passenger rail
“In Timmins, there is so much nickel they could build new towns around the mines,” he said. “When you’re drilling around gold to get to the nickel, that tells the whole story.”
Commodities in 'perfect storm' says ERG, as crisis starts super cycle
"Anything between $200-$300 billion in investment per year will be required for the mining industry to satisfy demand for the energy transition,"
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Earlier May News:
May 1:
European Union’s Green Deal goal will require 100% more nickel and 330% more cobalt.
May 2:
Canada and Ontario are jointly investing more than $1 billion to help Stellantis retool its Canadian auto plants to make electric vehicles. (In March, Stellantis and LG Energy Solutions also announced a joint $5 billion investment to make the first large-scale EV battery manufacturing plant in Canada.)
May 3:
U.S. to spend more than $3 bln on EV battery manufacturing.
Ottawa has “put their chips on the table”
Industry stakeholders, experts applaud feds’ critical minerals spending.
“the association has estimated it will take about eight more nickel mines just to maintain Canada’s market share.”
May 4:
There are “very active discussions with a number of players” to develop an EV supply chain, Industry Minister Francois-Philippe Champagne said in an interview last week.
“he spoke to representatives of Volkswagen last week, and has recently talked to executives from companies in the United States, Japan and Korea.”
May 5:
BHP Group’s unsuccessful attempt to buy a junior Canadian nickel miner last year should be seen as “almost the tip of the iceberg” for its ambitions in the resource-rich country.
“The world’s biggest mining company sees nickel as one of three “future-facing commodities” — along with copper and potash — and has set up its exploration and business development team in Canada,”
May 6:
Brazil's Vale signs long-term deal to supply Tesla with nickel
May 10:
Canada Nickel Announces New Nickel Discovery at Reid with Larger Footprint than Flagship Crawford Property Main Zone
Elon Musk says Tesla open to buying a mining company
May 12:
Canada Nickel Takes Important Step in Crawford Nickel Project Permitting Process
May 13:
Canada Nickel is holding public engagement sessions on Friday, May 13 from 11 a.m. to 1 p.m. and Monday, May 16 from 6-8 p.m.
“When brought into production, it will be the largest base metal mine in the country and the world's fourth largest nickel sulphide deposit.”
From Idlefreebird:
“As per presentation on webinar new mine life
will be 40 years compared to PEA 25 year due to present drilling.”