And now we have more nickel !!

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Stan123

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05/12/23

16:45

Post #: 71284807
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Originally posted by Stavrosoz: ↑

The timing looks good to me.

60 new nickel mines required to meet EV adoption pledges.

13 -16 years lead time needed to get a nickel mine going.

BSX is in an enviable position.

https://*********.com.au/massive-mining-expansion-needed-electric-vehicle-revolution-study-warns/

IEA commentsThe International Energy Agency (IEA) suggests that to meet international EV adoption pledges, the world will need 50 new lithium mines by 2030, along with 60 new nickel mines and 17 new cobalt mines.The materials needed for cathode production will require 50 new mines and anode materials another 40. The battery cells will require 90 new mines and EVs themselves another 81.In total, this adds up to 388 new mines.Mr Green said that, as of 2021, there were only 270 metal mines operating across the US, and only 70 in Canada.

Supply chain issues“If Canada and the US wish to have internal supply chains for these vital EV metals, they have a lot of mines to establish in a very short period,” he added.“Barring breakthrough developments in battery technology, this massive and rapid expansion of battery-electric vehicle production will require a correspondingly massive and rapid expansion of the mining and refining of the metals and rare earth elements critical to battery-electric vehicle technology.”The Fraser Institute report found that the establishment of aggressive and short-term EV adoption goals sets up a potential conflict with metal and mineral production, which is historically characterised by long lead-times and long production timelines.“The risk that mineral and mining production will fall short of projected demand is significant and could greatly affect the success of various governments’ plans for EV transition.”

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And now we have more nickel !!

BSX Price at posting: 8.7¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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