Saw this one another stock thread, thought this group might...

Saw this one another stock thread, thought this group might appreciate it. From BloombergNEF:

Nickel
The nickel sulfate market is expected to remain balanced in the medium term and in the near term prices should hover around the $18,000 a tonne mark:“Domestic demand in China was relatively low as some automakers are shifting to LFP chemistries. This will have limited impact in the adoption of nickel-rich battery cathode chemistries, and as such, the nickel sulfate market may slip into a 128,000 metric ton deficit as early as 2024.“At the start of the year, BNEF predicted that the nickel market will move into a two-tier system for nickel pricing to further incentivize investment into additional Class 1 battery-grade nickel supply. At the end of the first half of 2021, there have been no concrete developments toward this much-needed change in the dynamics of pricing in the nickel market.”

Cobalt
BNEF expects the cobalt market to move into a small surplus of around 3,300 tonnes this year on the back of increasing large-scale and artisanal mining production. The DRC is responsible for some two-thirds of global output, which is predicted to rise to about 166,434 tonnes in 2021.From above $50,000 a tonne in March, a two year high, cobalt metal prices could average $45,000 per tonne by the end of the year:“With the market projected to be relatively in surplus this decade, BNEF expects prices will hold at an average of $44,000 per ton up to 2025.”

Original source: https://www.mining.com/chart-study-predicts-over-400-increase-in-copper-lithium-nickel-battery-demand/