OEM Deals Continue
Recent Quotes
BHP: “the world’s biggest miner says it’s going to spur a run for nickel demand well beyond anything seen before.”
“BHP says nickel demand will rise 2-4 times over in the next 30 years on surge in electric vehicle production
Following on from IEA figures last week, which show we could need a ludicrous 60 new nickel mines by 2030 to achieve announced carbon reduction pledges, BHP’s Nickel West boss Jessica Farrell told delegates at the Diggers and Dealers Mining Forum in Kalgoorlie demand for nickel to 2050 would increase 200-300% on the previous three decades.
At ~US$22,500/t, nickel is currently fetching a pretty penny, with BHP selling upwards of 85% of its product into the battery market, including MoUs with current and future EV makers Tesla, Toyota and Ford.”
https://stockhead.com.au/resources/diggers-and-dealers-bhp-tips-evs-will-send-nickel-demand-up-to-300-higher-in-the-next-30-years/