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Nickel Prices Could "Go Through The Roof"; Watch For Signs - Expert
In the next five to ten years, the electric vehicle (EV) revolution will likely dominate the nickel space and will be sending prices much higher, this according to Alex Laugharne, principal consultant of CRU Group.
Laugharne said that nickel sulfide producers and the metallurgical laterite producers, who are most closely linked to EVs, are undergoing technological changes that may leave a supply gap in the nickel market.
“I think you’re seeing a lot of people being hesitant to invest in new supply in the space because of this potential latent capacity. If they do encounter technical difficulties, may fail to materialize, and in that scenario, we may end up with a real crunch that could cause nickel prices, and in particular, nickel sulfide prices, or pure nickel prices to go through the roof,” he told Kitco News on the sidelines of the Mines and Money New York conference. (show less)
In the next five to ten years, the electric vehicle (EV) revolution will likely dominate the nickel space and will be sending prices much higher, this according to Alex Laugharne, principal consultant of CRU Group.
Laugharne said that nickel sulfide producers and the metallurgical laterite producers, who are most closely linked to EVs, are undergoing technological changes that may leave a supply gap in the nickel market.
“I think you’re seeing a lot of ... (read more)
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Mines & Money New York
New York is a global centre for finance. As commodities prices continue to rise, many generalist investors are returning to the sector. Coupled with the number of natural resource specialists based in New York and the surrounding East Coast, the reasons for having a mining event in New York have never been stronger.New York has been without a major mining investment show for too long. Now in its 3rd year, Mines and Money New York is that event.Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.
