Post by
IgnacioCashmere on Sep 25, 2024 12:14am
Future of nickel in EV demand
In 1917, there were more electric cars in NYC than ICE, 3 EV for every 2 ICE. Who would have predicted soon there would be zero EV at that time? We dont know which technology wins or why, thats why its foolhardy to predict which battery technology with which elements prevail. So we dont know how much nickel is needed for EV in 10 20 or 30 years. Its not just consumer choice, it is also political & dependent on advances in battery tech. A political mandate could not only force EV but also subsidize one type over all others. Theres a boatload of examples of Experts predicting which new technology will surpass all others & the Experts being totally wrong. So we dont know if we need 10 Crawfords for battery consumption, its way too soon. This is why Buffet & so many other tycoons stay away from picking a winner & technology & instead watch the game to see who wins. Hybrids are the consumer choice right now because they are the most practical. But government mandate could easily eliminate the choice of hybrids. The advances in battery technology are happening fast. I would not bet the farm on lithium, nickel or sodium because absolutely no one knows where we will be in 15 years. Lets get Crawford built, then the proof of concept exists for putting a value on Reid & the Mega Monster Mann. I like Mark's optimism but the new Honda plant in Ontario i read needs 8,000 tons of nickel per year at full capacity. Thats not a life changing number.