For some time now, nickel has been the talk of the town, with prices steadily rising in part due to speculation around the green energy transition.
Investors interested in the electric vehicle (EV) story are well aware of nickel’s use in EVs, with the metal being an essential raw material in battery cathodes. As technology continues to evolve, the use of nickel has been favored for its energy density properties, among others.
Many experts predict that nickel demand from the EV industry will increase in the coming years, but the reality today is that nickel continues to be used mostly in stainless steel — more than 70 percent of global supply currently goes to this industry.
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Rising steadily after a steep decline in March, nickel prices broke the US$20,000 per tonne mark on the London Metal Exchange early in September. Supply concerns paired with strong demand from China, a top stainless steel consumer, brought a perfect storm — but is it still a good time to invest in nickel?
To get some insight, the Investing News Network sat down with Brian Leni of Junior Stock Review to discuss the current nickel market and investing opportunities in the junior mining sector.
“My process for investing in the junior resource sector is straightforward,” he said. “I look for companies that are selling at a discount to their intrinsic value, which are run by good people...
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