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From the article linked below.....(or above)
'Vale recently signed a long-term deal with Tesla to supply nickel for production of electric vehicle batteries and anticipates that segment of the market rising from about five per cent of its nickel sales now, to as much as 30 to 40 per cent over the next five years. Not all of that represents increased overall demand, however, as some may be accounted for by shifting from producing for other uses.'
“People are starting to notice that there’s only so much class one nickel in the world to develop this technology,” said Annett.
T/O still reckon 28p-34p old money. That would be a current 'price' acceptable to JM/BoD.
In two years time/A1 enters production then 34p would be the floor......40p+ possible esp. given a bidding war. Personally I reckon we'll see GLEN holding significantly more by then.
Nornickel forecasting 11% growth in #nickel demand in 2022, and a further 14% demand growth in 2023 -- staggering numbers, around ~3X global GDP growth
https://twitter.com/FPX_Nickel/status/1532481737602715650?s=20&t=RqE6X-YBd3hNeeqLNPRLlA
Ukraine and Nickel.....hmmmmm
https://twitter.com/AndreaHotter/status/1527180074230890498?s=20&t=tUGOp5f1KY91-HNxl2zGyA
https://twitter.com/InvestorMeetCo/status/1526526675609128960?s=20&t=GolLH_2CuRSNQu6KNzzUJg
.....and yet again....
Musk says Tesla open to acquiring mining company
https://twitter.com/humenm/status/1524132965982384130
https://www.mining.com/web/the-key-minerals-in-an-ev-battery/
https://www.e-mj.com/breaking-news/pt-vale-huayou-will-develop-pomalaa-hpal-project-in-indonesia/
Worth a follow....
https://twitter.com/stevelevine/status/1518378692254310401