excerpt from AGM's media release today.
I have many conversations with shareholders each quarter and the soaring nickel price is top of the list. I believe that the nickel price will remain firm for the next few years. Only when the increase in production of new mined nickel exceeds the increase in demand will nickel prices fall. New uses may well add materially to this demand. Many of you will be aware that Toyota has announced that in the future, it expects all of its cars to be hybrids. If Toyota delivers this plan, it will require 500,000 additional tonnes of nickel for those hybrid electric batteries. Current annual world production of nickel will not exceed 1,400,000 tonnes.
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excerpt from AGM's media release today.I have many conversations...
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