Nickel and copper – important raw materials for the future – columns

Electric cars go over the counter in Germany like hot cakes.

Germany’s share of the European electric car market is currently more than twice as large as Norway’s market. By the end of November, every fourth electric car registered in Europe had been registered in Germany. The cause is certainly the state subsidies, which make the decision for electromobility easier. France is by far the second largest market.

If you compare the same period of the previous year, registrations of electric cars in this country rose by a good 183 percent, more than in any other European country. This demand for climate-friendly vehicles, not only in Germany, is creating a strong demand for battery metals. Above all, it is nickel, cobalt and copper that have to be built in, and significantly more than in conventional vehicles. Decarbonization, i.e. the move away from fossil fuels, is driving the prices of these battery metals up.

A year ago the price of nickel was a good 14,000 US dollars per ton, today around 17,300 US dollars have to be paid. The copper price, which was quoted a year ago a little over 6,000 US dollars per ton, is now significantly higher, at around 7,900 US dollars. In terms of price (on the London Metal Exchange), copper has thus made a profit for the ninth month in a row.

So let’s take a look at companies that own these coveted raw materials in their projects, the Canada Nickel Company and Copper Mountain Mining.

Crawford’s Nickel-Cobalt Sulphide Project Canada Nickel Company – – Ontario, Canada contains nickel and cobalt. The metallurgy test results are already very promising.

Copper Mountain Mining – – has a 75 percent stake in the successful Copper Mountain copper mine in British Columbia.

Current company information and press releases from the Canada Nickel Company (- -) and Copper Mountain Mining (- -).

In accordance with Section 34 of the WpHG, I would like to point out that partners, authors and employees can hold shares in the respective companies addressed and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of these messages applies.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be assumed for damage caused by using this blog. I would like to point out that stocks and especially warrant investments are generally associated with risk. The total loss of the capital employed cannot be ruled out. All information and sources are carefully researched. However, no guarantee is given for the correctness of any content. Despite the greatest care, I expressly reserve the right to make an error, particularly with regard to figures and rates. The information it contains comes from sources that are believed to be reliable, but in no way claims to be correct or complete. Due to court judgments, the content of linked external pages is jointly responsible (e.g. Hamburg Regional Court, in the judgment of May 12, 1998 – 312 O 85/98), as long as no express distancing is made. Despite careful control of the content, I assume no liability for the content of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource AG also applies:

PERSONAL-FINANCIAL.COM publishes analyzes, columns and news from various sources in this section.
PERSONAL-FINANCIAL.COM AG is not responsible for content that is recognizable by third parties in the “News” area
This website has been discontinued and does not adopt it as its own. These contents are in particular through
a corresponding “from” mark below the article heading and / or through the link
“To read the full article, please click here.” responsible for
this content is solely the named third party.


Related Articles

Back to top button