Interesting stat that I came across today. Global electric vehicle sale rose by 77% you during the 2nd Qtr 2018, powered by surging sales in China which accounts for more than 50% of global demand.
The broader impact of growth in electric vehicles was highlighted in BHP Billiton’s announcement of plans to boost cobalt production from its Nickel West operation in WA, as well as accelerating plans to raise nickel sulphate production for the EV market. The operation , which had previously been identified as “non-core”, is aiming to sell 90% of its production to the battery sector by the end of next year.
So I suppose the question is who is going to fill the gap for nickel to the stainless steel market ??
I am guessing that a new player in the Solomon Islands might be well positioned to not only fill this gap but take advantage of forecast rising nickel prices.
Jazzmox and the rest of the Axiom detractors - that is fact. Not sure how you argue the point ??? Now we just wait.
AVQ Price at posting:
9.8¢ Sentiment: Hold Disclosure: Held