Demand for Nickel is Electrifying
The demand for nickel has been gaining steam for some time and shows no signs of slowing. Did you know that even back in 2006 the manufacturing cost of a single five-cent coin exceeded its face value?
Fast-forward to 2017 where nickels cost about seven cents each to manufacture, meaning the US Mint lost $9.5 million on the 5 cent pieces.
Now add in the current and future demand for EV batteries and consumption may even overwhelm production as soon as 2025.
With the electrification of automobiles and the green movement coming on, we will see more demand for metals across the board. The movement in nickel is not a speculative move, it’s a 100% real move based on facts.
As we move to a future global expansion, nickel will be even more valuable as its principal use is in stainless steel. It may even be considered undervalued from a demand standpoint.
Fast-forward to 2017 where nickels cost about seven cents each to manufacture, meaning the US Mint lost $9.5 million on the 5 cent pieces.
Now add in the current and future demand for EV batteries and consumption may even overwhelm production as soon as 2025.
With the electrification of automobiles and the green movement coming on, we will see more demand for metals across the board. The movement in nickel is not a speculative move, it’s a 100% real move based on facts.
As we move to a future global expansion, nickel will be even more valuable as its principal use is in stainless steel. It may even be considered undervalued from a demand standpoint.
