NICKELCommodityUSD 19,267.50+885.50+4.82%
Cannon has a resource ready to go at Fisher East plus large exploration tenements in highly prospective nickel country in WA,.· Total project mineral resource of 4.2Mt @ 1.9% Ni containing 78,000t of Ni in three deposits.
· 88% of nickel metal content in Indicated Mineral Resource category
· High grade zones total 500,000 tonnes grading 4.6% nickel across the three deposits
· Mineralisation open at depth and along strike
Fisher East is a straightforward resource to mine, with low ASIC. It is even more profitable than this 2018 analysis since the price of nickel has now risen.
According to Rox the Fisher resource can be expanded,
Demand for nickel is expected to explode over the next decade as electric vehicles become more common.
Anglo-Australian mining firm BHP said Thursday it had reached a deal to provide Tesla with supplies of nickel—a metal vital in producing high-powered batteries for electric cars.
Under the agreement, the innovative carmaker will lock in supplies from a mine in Western Australia, one of the world's largest sources.
Most nickel today is used in the production of stainless steel.
But demand for the metal is projected to explode over the next decade, as electric vehicles become more common. BHP chief commercial officer Vandita Pant predicted demand will "grow by over 500 percent over the next decade" in large part thanks to the nickel-for-batteries business.President Joe Biden's administration has prodded US companies to develop supply chains that are not overly reliant on raw materials or production facilities in China that are vulnerable to diplomatic crosswinds. Australia holds around a quarter of the world's nickel supply.
https://techxplore.com/news/2021-07-tesla-mints-nickel-aussie-giant.htmlAU 26,200/t
NOTE THAT THE PRICE OF NICKEL IS NOW US$8.73/lb
