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Nickel Monthly News For The Month Of February 2021
Mar. 01, 2021 3:03 PM ETAAUKF, AMMCF, ARRRF...1 Comment12 Likes
Matt Bohlsen profile picture.
Matt Bohlsen
Marketplace Leader
Summary
Nickel spot prices were significantly higher again in February, and the LME inventory was slightly higher than last month.
Nickel market news - Commodities supercycle just beginning. Metals are soaring on a green frenzy and global recovery. Biden signs executive order to review critical supply chains.
Nickel company news - Nornickel partially suspends operations at Oktyabrsky and Taimyrsky mines.
Talon Metals updated PEA on the Tamarack Nickel Project: After-tax NPV increases 96% to US$569 million. Canada Nickel announces MacDiarmid Exploration Target - approximately 15% larger than Crawford main zone.
I do much more than just articles at Trend Investing: Members get access to model portfolios, regular updates, a chat room, and more. Get started today »
Welcome to the nickel miners news for February. The biggest news the past month is probably the surging nickel prices and talk on a new key green metals supercycle that is only just beginning. President Biden also had an impact with his executive order "to review critical supply chains" particularly for semiconductors and electric vehicle metals and other critical materials to supply the US renewable energy boom.

Nickel price news
As of February 26, the nickel spot price was USD 8.88, up from USD 8.08 last month. LME shows the price at USD 19,568/tonne. Nickel inventory at the London Metals Exchange [LME] was slightly higher than last month at 251,058 tonnes (248,886 tonnes last month).

Nickel spot prices - Long term chart - Current price = USD 8.88/lb

Source: Mining.com

Nickel Long-term Price Projection

Source: Kalkine Media courtesy DIS

Nickel demand vs. supply charts
Battery nickel demand set to surge over ten fold this decade as the EV boom takes off

Source: Bloomberg

2019 to 2030 'battery' demand increase forecast for EV metals - Nickel 'battery' demand forecast to increase by 14x

Source: Courtesy BloombergNEF

Benchmark Mineral Intelligence - Simon Moores's - forecasts

Source: Benchmark Mineral Intelligence Twitter

BloombergNEF EV metals demand forecast

Source: BloombergNEF

Source

Nickel Market News
On February 4 CNBC reported:

Indonesia, world’s biggest nickel producer, says it received an investment proposal from Tesla... the focus of their discussions had been on batteries and energy storage solutions.

On February 11 Bloomberg reported:

JPMorgan says commodities may have just begun a new supercycle. With agricultural prices soaring, metal prices hitting the highest in years and oil well above $50 a barrel, JPMorgan Chase & Co. is calling it: Commodities appear to have begun a new supercycle of years-long gains... Prices may also jump as an “unintended consequence” of the fight against climate change, which threate

Nickel Monthly News For The Month Of February 2021
Mar. 01, 2021 3:03 PM ETAAUKF, AMMCF, ARRRF...1 Comment12 Likes
Matt Bohlsen profile picture.
Matt Bohlsen
Marketplace Leader
Summary
Nickel spot prices were significantly higher again in February, and the LME inventory was slightly higher than last month.
Nickel market news - Commodities supercycle just beginning. Metals are soaring on a green frenzy and global recovery. Biden signs executive order to review critical supply chains.
Nickel company news - Nornickel partially suspends operations at Oktyabrsky and Taimyrsky mines.
Talon Metals updated PEA on the Tamarack Nickel Project: After-tax NPV increases 96% to US$569 million. Canada Nickel announces MacDiarmid Exploration Target - approximately 15% larger than Crawford main zone.
I do much more than just articles at Trend Investing: Members get access to model portfolios, regular updates, a chat room, and more. Get started today »
Welcome to the nickel miners news for February. The biggest news the past month is probably the surging nickel prices and talk on a new key green metals supercycle that is only just beginning. President Biden also had an impact with his executive order "to review critical supply chains" particularly for semiconductors and electric vehicle metals and other critical materials to supply the US renewable energy boom.

Nickel price news
As of February 26, the nickel spot price was USD 8.88, up from USD 8.08 last month. LME shows the price at USD 19,568/tonne. Nickel inventory at the London Metals Exchange [LME] was slightly higher than last month at 251,058 tonnes (248,886 tonnes last month).

Nickel spot prices - Long term chart - Current price = USD 8.88/lb

Source: Mining.com

Nickel Long-term Price Projection

Source: Kalkine Media courtesy DIS

Nickel demand vs. supply charts
Battery nickel demand set to surge over ten fold this decade as the EV boom takes off

Source: Bloomberg

2019 to 2030 'battery' demand increase forecast for EV metals - Nickel 'battery' demand forecast to increase by 14x

Source: Courtesy BloombergNEF

Benchmark Mineral Intelligence - Simon Moores's - forecasts

Source: Benchmark Mineral Intelligence Twitter

BloombergNEF EV metals demand forecast

Source: BloombergNEF

Source

Nickel Market News
On February 4 CNBC reported:

Indonesia, world’s biggest nickel producer, says it received an investment proposal from Tesla... the focus of their discussions had been on batteries and energy storage solutions.

On February 11 Bloomberg reported:

JPMorgan says commodities may have just begun a new supercycle. With agricultural prices soaring, metal prices hitting the highest in years and oil well above $50 a barrel, JPMorgan Chase & Co. is calling it: Commodities appear to have begun a new supercycle of years-long gains... Prices may also jump as an “unintended consequence” of the fight against climate change, which threate

I'd say that RNS is pretty important.
Over on Eurasia we have received a couple of 2.9 forms. Maybe a Take Over here is also on the cards. Now that would be amazing.

I think we have sold Mt. and are keeping W.K.
We will see the figures after the sale and it will super charge the price. Imagine a Tier 1 Rhodium mine?

Good morning Ian.
Please could you put me down for the 4th next week. Many thanks.

How do we get a short squeeze here? GME is nuts

Hanging in there. Just waiting for the big one from Eua. Maybe then this will start flowering.
Will put a fair chunk in here.

Grrrrrrrrrrrrr

I think we have a fair bit of Copper if my memory serves me well.
Robin we know you read these boards. How about a little interview to get some interest going once more, eh? Would be nice.

They have this big bit of gunpowder.

We may get the DFS results which hopefully will blow this to the moon.

There are lots of proactive videos of Robin talking about Nickel prices and looking forward to right place, right product, right time.
This will rocket once again. I have seen it before.

Non binding bids.. they may well be battling still.

FOR SALE sign has now got lights on it.

The amount of times its used. I reco this will be sold this year

Dreamt last night the offer got released and it was £1.73. Didn't give a date but it felt soon.

My guess was those offers came in when we got the 2.9 RNS's

Lamborghini Huracan Performante all day long.

Have you seen that Musk has asked for a chat with Putin on Clubhouse. Lets hope he wants our Nickel lol