These companies understand the value of nickel
These Companies Understand the Value of Nickel
Glencore (LSE: GLEN) (OTC: GLNCY) is a Swiss mining company that owns and operates the Raglan mine in Quebec, Canada, one of the largest nickel mines in North America. Vale (NYSE: VALE) is a Brazilian mining company that owns and operates the Thompson Nickel Belt in Manitoba, and the Voisey's Bay mine in Newfoundland and Labrador Canada. The Thompson Nickel Belt is one of the largest nickel producing regions in the world and Voisey’s Bay ranks as one of the largest nickel mines in the world.
These nickel juggernauts know what the Trans-Hudson corridor hosts and are pulling the metal from the ground as fast as possible to keep up with demand that is surging due to nickel’s multitude of traditional uses and new needs in the green economy. It is proving to be irreplaceable in a variety of products that are essential for a low-carbon future, including electric vehicles (EVs), batteries, and renewable energy technologies, such as solar panels and wind turbines.
Fathom Nickel Inc. (CSE: FNI)(OTC: FNICF) is a company that has seen a nice appreciation in recent months as the company develops its flagship nickel projects, Albert Lake and Gochager Lake, spanning over 108,000 hectares in a historic metal hotbed in mid-to-upper Saskatchewan. An uptrend is firmly in place, with shares climbing from 4.5 cents in February to a 52-week high of 28 cents on June 16.
https://www.theglobeandmail.com/investing/markets/stocks/GLNCY/pressreleases/18269774/nickel-mining-at-a-feverish-pitch-as-ev-other-green-tech-demand-surges/