The Investment Reduction Act was launched in the USA and the REPowerEU plan in Europe. Energy should become more sustainable. Today, solar and wind energy are more cost-effective than generating energy using traditional means. The days when wind and solar energy were just emerging and relied on subsidies are a thing of the past. And let's not forget energy storage, which is also becoming increasingly important. Wind and solar energy grew slowly at first. However, efficiency is constantly improving, and costs are falling. This also increases acceptance. In addition, many nations are pursuing ambitious net-zero targets. This is becoming all the more important as climate events and temperature trends argue for a rapid energy transition.
The West's dependence on Chinese technology for renewable energies is not welcomed. And energy security has become a hot topic. The growing battery and stainless-steel industry needs nickel. Indonesia is particularly rich in this metal, making the country interesting for electric vehicle manufacturers. There is still a nickel surplus due to the increase in low-cost Indonesian production. However, this could change in the coming years due to the sharp rise in demand.
The Canada Nickel Company - https://www.commodity-tv.com/ondemand/companies/profil/canada-nickel-company-inc/ - is focusing on nickel and cobalt. The wholly owned Crawford nickel-cobalt project in Canada appears to be extremely promising.
In addition to nickel and cobalt, lithium (for batteries) and rare earths are among the raw materials in demand for the climate transition. US Critical Metals - https://www.commodity-tv.com/ondemand/companies/profil/us-critical-metals-corp/ -, for example, owns lithium, cobalt and rare earths. Its projects are located in Montana, Nevada and Idaho.
Current company information and press releases from Canada Nickel Company (- https://www.resource-capital.ch/en/companies/canada-nickel-company-inc/ -) and U.S. Critical Metals (- https://www.resource-capital.ch/en/companies/us-critical-metals-corp/ -).
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