For the global nickel market, we see 3 major themes:
1. There is not enough current Nickel production for EVs
- Current Market setup to supply Stainless Steel
- New Demand for EVs doesn’t have a current Supply
→ within a decade EVs will become the majority of Ni Demand
2. EVs require Ni with Low Carbon Cost
- In Jan 2024 all Euro EVs will require Footprint declarations
- A new consideration for Nickel miners
→ Ni price will be differentiated by carbon
3. Complications exist beyond Carbon
- Geopolitical- Access: Ukraine war excludes Russia, Taiwan concerns complicate Asia
- Geopolitical-Protectionism: US (and soon Euro) legislation continues to shrink global options
- General ESG: environment challenges like deepwater tailings, safe and fair labour, unclear ownership
→ Buyers are now coming up the value-chain, to partner with the right companies and secure supply
EV Nickel plans to supply new Clean Nickel™, from Canada