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Nickel and cobalt – in hot demand


In addition to lithium or copper, electromobility also needs metals such as nickel or cobalt.

Nickel was discovered in 1751 and cobalt in 1735. By far the most nickel is produced in Indonesia today. The path to clean energy systems will greatly increase the demand for nickel and cobalt. If more nickel is in the batteries, then the energy density increases, and the costs decrease. Indonesia now wants to use its abundance of raw materials, especially nickel, to become an industrial heavyweight in the electric car sector. Indonesia\-s goal is to be one of the ten largest economies in the world by 2030. Thus, Indonesia has already changed its investment activities in order to strengthen its own economy with the processing of nickel in the country.

In Southeast Asia, Indonesia is already the most economically powerful country. Germany needs large quantities of nickel, and it has become apparent that China is already eyeing Indonesia\-s nickel wealth. From nickel mining to processing, the nickel market is already largely in China\-s hands. China\-s lead is so not without, other countries such as Germany have to look around to get enough nickel. Indonesia is an archipelago of islands about five times the size of Germany.

The island of Sulawesi in particular is rich in nickel resources. The nickel reserves alone are estimated at 21 million tons, about as large as in Australia. In the case of cobalt, most of the battery raw material comes from the Congo, namely almost 70 percent of global production. Indonesia ranks second among the cobalt-producing countries.

But nickel and cobalt are also available in Canada, for example at the Canada Nickel Company – https://www.commodity-tv.com/ondemand/companies/profil/canada-nickel-company-inc/ -. Its Crawford project is one of the largest nickel deposits in the world, and it is also likely to become one of Canada\-s largest carbon storage facilities.

In South America, Green Shift Commodities – https://www.commodity-tv.com/ondemand/companies/profil/green-shift-commodities-ltd/ – explores and develops battery raw materials, including vanadium, phosphates, nickel, lithium and, in addition, uranium.

Current corporate information and press releases from Canada Nickel Company (- https://www.resource-capital.ch/en/companies/canada-nickel-company-inc/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 – 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/

Posted by on 24. October 2023. Filed under Internet, Picture Gallery. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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