Australian Mines LTD (AMSLF)

[GetRich902902]

Tightening Nickel Supply Threatens Electric Vehicle Boom

According to a new study by BloombergNEF, EV makers will be driving demand for nickel about 16 times to 1.8 million tons in the next years.
Class-one nickel, a high-purity material used in batteries, is expected to see demand greatly outstrip supply in the next few years. That will be fueled by meeting the large Chinese EV market, and other global markets where demand is expected to grow.

That need for class-one nickel will outstrip supply within five years, according to the study.

One problem has been a lack of real investment in new mines for materials including nickel, Tesla’s global supply manager of battery metals, Sarah Maryssael, said at a Washington meeting in May. That could drive up prices as battery demand increases greatly.

Australian Mines' Sconi project and other mines are a valuable commodity as this supply crunch unfolds. Expect AMSLF 's stock price to rise dramatically in the near future.

https://safehaven.com/commodities/industrial-metals/Tightening-Nickel-Supply-Threatens-Electric-Vehicle-Boom.htm