Nickel and zinc are needed

Zinc provides corrosion protection and nickel is in demand from the steel industry as well as the battery and solar and wind energy sectors.

Although zinc inventories on the LME and SHFE increased at the beginning of the year, they are still expected to fall in the coming months. In 2021, there was a deficit in the raw material zinc. Consumption increased by 5.8 percent in 2021 compared with the previous year. For 2022, experts expect a further increase in demand of 2.5 percent. The construction industry and zinc chemicals are responsible for this. The largest zinc producer in 2021 was China, followed by Peru and Australia.

For example, Kuya Silverhttps://www.youtube.com/watch?v=9Kq-B7bj0zk – has zinc in the ground at its Bethania property in Peru. The former producing mine contains not only gold and silver, but also zinc, lead and copper. The construction of a processing plant has already been approved.

The tight commodity markets also include the nickel market. Here, after years of oversupply, inventories have steadily declined. A distinction must be made between nickel of different grades. Class one nickel is essential for electric vehicles. Class two nickel is used by stainless steel plants. Currently, the Ukraine war, Russia sanctions and supply disruptions are driving prices up. Robust nickel demand is expected, while new nickel projects are increasing in capital intensity. Those looking to bet on rising demand for batteries and stainless steel may want to look at Canada Nickel Companyhttps://www.youtube.com/watch?v=1Tve3LSuYA8 – as a potential value in their portfolio. Looking at high-grade nickel-cobalt projects, the Crawford project in Ontario is the company’s flagship project.

Latest corporate information and press releases from Kuya Silver (- https://www.resource-capital.ch/en/companies/kuya-silver-corp/ -) and Canada Nickel Company (- https://www.resource-capital.ch/en/companies/canada-nickel-company-inc/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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