Nickel, graphite to benefit from explosive growth in battery...

Nickel, graphite to benefit from explosive growth in battery storage market

https://ci4.googleusercontent.com/proxy/kzSooDgwkiYwz2jlbZ01bGfu6w-dpUOOUeKrr_JfqKVpgL3sF6vzGKot0RaIL4528dLrKAY7UEV0x8ULpmMF_fGfkYxbt_Tc7-dOrsxDT9x-0RvW4YEKQlYvz3fk=s0-d-e1-ft#https://www.*****.com/ind/Richard(Rick)Mills/images/Richard-Rick-Mills.jpg

Richard (Rick) Mills Wednesday February 17, 2021 10:55
***** Commentaries | Opinions, Ideas and Markets Talk
Feat
Sulfide cupboard is bare
Where will mining companies look for new nickel sulfide deposits, from which the extraction of high-grade nickel needed for battery chemistries is economically and technically feasible? The pickings are slim.
Decades of under-investment equals few new large-scale greenfield nickel sulfide discoveries. Since 1990, the only large discoveries that have occurred, happened when exploration was going on for other metals.
Only one nickel sulfide deposit has been discovered in the past decade and a half, Nova-Bollinger in Western Australia. Capital expenditures on nickel projects plummeted from $7 billion in 2012 to $2 billion in 2017.
The result of such limited nickel exploration is a very limited pipeline of new projects, especially lower-cost sulfides in geopolitically safe mining jurisdictions. Any junior resource company with a sulfide nickel project will be extremely attractive to potential acquirers
The prospect of rising inflation coupled with the highly bullish market conditions for nickel and graphite puts these two metals at the top of my list for investability in 2021