Listened to a program in my home country (Sweden) about nickel and they were very positive in the longer term. They made a point besides the trend with EV.
China wants to transform their economy from heavy industrial/manufacturing/infrastracture sectors, to a consumer driven economy.
One winner in this will according to the analyst will be nickel since nickel has a lot higher share in consumer products. So the conclusion according to him is that demand will increase slowly with time and therefore also the price. He had the same view with supply that has already been mentioned on this forum.
He made no price forecast but he doesn't believed we will see a spike soon like 07-08. My own guess/hope (if I make one) maybe 6-7 US$/lb in the short term (1-2 years) and 8-10 US$/lb in the longer term (3-5 years).
Sounds great though with the EV trend and consumer-nickel trend in China if it's true and could make the KNP project a lot more valuable..
Listened to a program in my home country (Sweden) about nickel...
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