I guess this might be a "driver" of SGQ sp going forward.
There is an article by Michael McCrae on K$tco.com on the type of nickel that can be used in electric vehicles and SGQ is one of the fortunate ones with "Class 1 nickel".""Purity and the need for greener mining methods limit the availability of suitable nickel for electric vehicles, writes McKinsey in a report on the metal published last week.
Lithium-ion batteries require high chemistry purity, currently halving the world's supply of nickel given the current state of the world's technology. There are two broad types of nickel, writes McKinsey, which are Class 1 and lower quality Class 2. Class 1 is mostly sourced from sulfide ore bodies.""
On demand he says
"The demand is there. McKinsey estimates that demand will increase from 2.2 million metric tons "...to somewhere in the range of 3.5 million to 4.0 million metric tons by 2030.""
