Giga Metals Corp (GIGGF)

[ThSeeker]

NEED MORE NICKEL SOON
A new Wood Mackenzie study sees the metals problem much broader, with lithium, cobalt, and nickel supplies to be worst hit over the next few years.

Supply for the three metals is fine for now, said Gavin Montgomery, research director at Wood Mackenzie. Short-term market prices have fallen, and that will deter producers from increasing supply to meet future demand, he said.

But long-term that will change. Demand is expected to grow so rapidly with car makers taking on their ambitious goals to mass produce EVs, that metal suppliers won’t be able to keep up, Montgomery said.

Automakers and their battery partners need to start planning for it now.

“Getting the quantity of nickel that (electric vehicles) will need by the mid-2020s will be a challenge ... with lead times often up to 10 years, investment needs to happen now,” Montgomery said.

By Jon LeSage for Oilprice.com

So I think the pressure will be on early next year for getting new mines in play to meet the impending nickel demand. They are at the point of no return regarding ignoring the critical need to have new mines. This will bring a lot of attention to Giga. We are about to witness the perfect storm for explorers to get their nickel reserves shovel ready.