Add: 2F, Building A1, No. 276, E. Baoshi Rd., Baoan District, Shenzhen
On January 15, the Canadian miner RNC Minerals rose more than 47% after the company said it is in talks with commodity traders, miners and investors to raise $ 1 billion to build the world's largest nickel next year Cobalt Project - Dumont Mine in Quebec.
Mark Selby, president and chief executive officer of RNC Minerals, said the Dumont nickel-cobalt project has the world's largest untreated reserves of cobalt and nickel. According to S & P Global Market Intelligence data, Dumont's nickel reserves are 3.15 million tons and its cobalt reserves are 126,000 tons.Metal aluminum passivation product manufacturer
The next 10 years, the demand for electric vehicles will increase substantially, the demand for metal used in batteries is also expected to increase. That's why RNC Minerals also hopes to benefit. UBS analysts said that by 2025, 15 million electric vehicles will be sold, so the demand for nickel will increase by 300,000 to 900,000 tons, accounting for about 10% to 40% of the current market. Benchmark Mineral Intelligence said demand for cobalt will also increase from 48,000 tons in 2016 to 2,026 tons.
As a result, many automakers are looking for ways to ensure long-term supply of battery metal by skipping the entire supply chain and negotiating directly with miners. Selby said the RNC is not yet in direct contact with battery manufacturers or car companies, but is open to that. In addition, he said the company is currently in talks with the major Japanese traders that offer streaming media deals。
The company is also currently seeking debt financing to provide half of its development costs to Dumont. The company expects to complete the financing transaction later this year and start a two-year construction project (starting from 2019). Selby said there is now a clear way to get financial backing.Hardware aluminum die casting part manufacturer