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Bullboard - Stock Discussion Forum Canada Nickel Company Inc V.CNC

Alternate Symbol(s):  CNIKF

Canada Nickel Company Inc. is a Canada-based company, which is engaged in advancing the nickel-sulfide projects to deliver nickel required to feed the electric vehicle and stainless-steel markets. The Company owns flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. The Company also owns 25 additional nickel targets located near the... see more

TSXV:CNC - Post Discussion

Canada Nickel Company Inc > Miners seek answers: Why do nickel prices 'suck'?
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Post by EndZonefor7 on Mar 01, 2024 1:25pm

Miners seek answers: Why do nickel prices 'suck'?

“Oh, it’s brutal,” said Mark Selby, chief executive of Canada Nickel Co. Inc., which aims to develop a nickel mine in Crawford, Ont.

He said it’s frustrating because behind the scenes, executives from automotive and battery companies expect the demand for battery metals such as nickel will be “bonkers.” Those companies are putting their capital behind such projections, he added.



And Canada Nickel inked a deal in January with Samsung SDI Co. Ltd., a South Korean battery company, which agreed to invest US$18.5 million in Selby’s company, with separate agreements for Samsung to purchase up to 10 per cent of its proposed mine for US$100.5 million, plus rights to take nickel from the mine.

 

Despite the investment, Canada Nickel’s share price has declined 60 per cent since December 2021 to $1.46.

 

Selby said retail investors in particular are underestimating the long-term demand for nickel, and placing too much emphasis on short-term trends, such as the flagging sales of electric vehicles or current commodity prices.


https://financialpost.com/commodities/mining/why-do-nickel-prices-suck-miners-seek-answer/wcm/52c070f4-8660-45fd-8722-72b5a20a147b/amp/

Comment by EndZonefor7 on Mar 01, 2024 7:27pm
Important point.  Marc Lafleche, chief executive of Ecora Resources PLC, a mining streaming company·(formerly Anglo Pacific Group PLC), said the long-term demand forecast for critical minerals hasn’t changed, even if commodity prices are falling.   He said it is unfortunate that investors tend to “extrapolate the present into the future,” believing that if prices are high ...more  
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