Nickel price will break out the 10 year downtrend and be on the way up for the next cycle. I dare say this is the bottom now - load up PAN if you have cash...anything under 25c is a bargain and I am happy some holders are willing to sell at this level...DYOR.
https://www.bloomberg.com/news/arti...ctric-car-boom-is-coming-faster-than-expected
May 16, 2017, 6:11 PM GMT+10
Electric vehicles require more copper wiring than standard internal combustion engines. For example, the battery in an electric car contains about 38 kilograms of copper, 11 kilograms of cobalt and 11 kilograms of nickel, according to Glencore. Those materials, along with maganese, stand to benefit from more demand for electric cars, Glasenberg said.
- An “electric vehicle revolution is happening,” CEO says
- European sales of alternative-fuel cars jumped 36% in 1Q
Nickel price will break out the 10 year downtrend and be on the...
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