Nickel: “Indonesia responsible for some 33% of the global supply of the metal, followed by the Philippines with 12% and Russia with 11%. When it comes to processing, China takes the lion’s share as the country refines about 35% of the nickel produced globally.”
Ethically sourced battery grade Nickel supply is a major concern for battery manufacturers.
Throw in the large market share in terms of supply from Indonesia - ripe for disruption if any geopolitical issues arise, as Russia vs Ukraine demonstrated.
NIS Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held
