1 - Nickel price doesn’t need to rise for Jaguar to be profitable ( although it is in my belief that Nickel prices will increase from current lows)
2 - Nickel demand comes from multiple sources, primarily steel production. EV market continues to grow and a solid pace despite competition from LFP technology. Nickel cathode batteries with a NMC variant ratio are used in luxury or high performance vehicles and LFP in cheap Chinese vehicles. With a trade war resuming in August 2025 Chinese EV’s will be significantly more expensive due to tariffs and will sway market towards Nickel for both cost and higher performance reasons IMO.
CTM Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
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