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 – https://www.youtube.com/watch?v=p-mBSPvJa2c&feature=youtu.be – Ontario, Canada contains nickel and cobalt. The metallurgy test results are already very promising.
Copper Mountain Mining – https://www.youtube.com/watch?v=aQGpu_Civk4 – 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 (- https://www.resource-capital.ch/de/unternehmen/canada-nickel-company-inc/ -) and Copper Mountain Mining (- https://www.resource-capital.ch/de/unternehmen/copper-mountain-mining-corp/ -).
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