Amur Minerals Share Price (AMC)

Have just announced by the end of 2022 they will only make hybrid and EV cars!

"Demand for nickel in lithium-ion batteries is likely to grow at a faster rate than any other battery material, owing to the switch to high nickel NCM. This will, in turn, create greater market potential for nickel with nickel sulphate becoming the key area for growth."

https://roskill.com/news/batteries-key-takeaways-from-roskill-on-the-road-shanghai-and-tokyo/

TDT

olddrongo

I think this is different. With car companies committing to spending hundreds of billions of dollars on EVs and those EVs requiring lithium ion batteries with, hopefully 8:1:1 chemistry in them, there’s a real fear of a shortage. Tsingshan has been buying up a lot of the nickel. They’re not your typical speculator.

New European legislation will make it impossible for car companies to continue churning out ICE vehicles. They have to transition to zero emission cars otherwise they run the risk of incurring huge fines. If you know that’s coming in the near term it makes sense to prepare for that now. That’s where I suspect a lot of the class 1 nickel in the LME is going. Sure some of the nickel will end up off market stored away in a warehouse somewhere but the majority, IMO, is being acquired by end users.

The total in the LME dropped by another 3,438 tonnes today. Total now stands at 83,694 tonnes.

TDT

Yep, I remember that Poseidon stratospheric price performance well, too, Rosewall - I was in the mkts as a 'blue button' in those days (price runner / reporter for my broking firm on the LSE floor) and was amazed to see 'Possies' move from 250d odd (old pence, of course) to ultimately £124 'bid not offered' at one point after six months or so - talk about the 'Wild West' back then!!

Don't expect a repeat of such here but just a fraction of that ultimately would be nice...sasa.

Is it possible that we have a situation similar to the oil market. In the past I seem to remember oil traders buying tankers full of oil when cheap and after a rapid rise they off loaded. Could the traders simply be keeping a lid on the price of nickel whilst they acquire a shed load of nickel and then after a very rapid rise when stocks approach zero, they simply offload. Perhaps this in the reason for the investigation

OD