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BHp's Barry Fitzgerald"Haegel sounded a note of caution about the here and now. While BHP thinks there is going to be a significant increase in global nickel demand, it is a case of not just yet.
“We do not expect to see a meaningful impact on the nickel market from batteries until the mid – late 2020s. Only then, do we expect to see serious industry investment by Class 1 nickel producers,’’ Haegel said.
“However, we will not rest waiting for that day to arrive. We are actively developing options to position ourselves for this once-in-a-generation opportunity.’’
It is against that backdrop that the nickel price has been a strong performer of late. The current price of $US7.17/lb compares with the 2018 (calendar) average of $US5.95/lb, and the 2017 average $US4.72/lb."
from BHp's Barry Fitzgerald "Haegel sounded a note of caution...
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