BHP Billiton Ltd., the world’s largest mining company, sees the nickel market swinging into deficit because of supply threats in the Philippines and growing demand from electric vehicles and stainless steel.
“There are signs that this year could be finally the turning point for nickel with many expecting the market to be in deficit and so starting the much needed re-balancing process,” Eduard Haegel, asset president of BHP’s Nickel West unit, said at a conference in Perth Thursday. “The welcome return to balance over the next few years should see further recovery in nickel prices.”
www.bloomberg.com/news/articles/2016-10-20/bhp-sees-imminent-turning-point-in-nickel-with-deficit-looming
I think that we should also be aware that..Transporting batteries by air remains a concern. There are regulations as to how much metallic (or equivalent) lithium can be included in an air shipment. Some content may go unregistered and the United Arab Emirates General Civil Aviation Authority found with reasonable certainty that the fire aboard the UPS 747-400 freighter was caused by a lithium battery. The aircraft went down on September 2010 in the Dubai desert about an hour into its flight to Cologne, Germany.
Tesla and Faraday i would think will want to make their batteries in Nevada rather than transport them already made from china etc..local source of lithium is cost effective and less concerning....easier to be competitive if sourced close by..just good business sense..
So it seems again that CAD is in the right place..price is being held down imo..looks good for the future..CAD just need to get off their butts and get the drilling going..
