Nickel miner pins hopes on electric cars

Original article by Paul Garvey
The Australian – Page: 18 : 11-Sep-17

Australian-listed Independence Group is well-placed to benefit from rising demand for nickel, cobalt and copper as sales of electric vehicles rise. The company’s Nova mine produces all three metals, and Independence MD Peter Bradford says it has received a number of enquiries regarding supply deals when existing off-take arrangements with BHP Billiton and Glencore expire. Bradford notes that factors other than demand from the electric vehicle industry have prompted the recent rise in the price of nickel and copper.

CORPORATES
INDEPENDENCE GROUP NL – ASX IGO, BHP BILLITON LIMITED – ASX BHP, GLENCORE PLC, SIRIUS RESOURCES NL, PANORAMIC RESOURCES LIMITED – ASX PAN, MINCOR RESOURCES NL – ASX MCR, FIRST QUANTUM MINERALS LIMITED, TESLA INCORPORATED

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s