Subsidies ShiftExpect to see some of the $20 billion in oil and gas subsidies shift over to the nickel mine industry. O&G has had billions in subsidies forever but that is coming to an end as we shift to the new decarbonization world. Even the last few years a big chunk went to decarbonize their refinery and production operations.
The trolls miss out on the most important point is the urgent need for relying on China not just for nickel but for every critical mineral and tech chips and more. Governments will heavily subsidize any industry they are desperate for.
I see more articles on US DoD and Energy Agency hunting for nickel projects and we know Mark has been in discussions with them down south and just a week ago in Ottawa. The money will pour in here over the next year IMHO and change the North American nickel market.
PS Notice all the bombs being dropped overseas ? Demand for stainless will blow EV's away if it steps up to new levels.
https://financialpost.com/commodities/energy/oil-gas/canada-bans-some-fossil-fuel-subsidies