Commodities > Base-metals

Nickel to be the 'new cobalt'

Nickel is set to become the new cobalt if one of the bulls for the metal presenting at a keynote address at PDAC this week in Toronto is to be believed.

Michael Quinn in Toronto

Commodities > Base-metals

Nickel to be the 'new cobalt'

Nickel is set to become the new cobalt if one of the bulls for the metal presenting at a keynote address at PDAC this week in Toronto is to be believed.

Michael Quinn in Toronto

Nickel to be the 'new cobalt'

RNC Minerals president and CEO Mark Selby believes that with an additional 1.4-1.5 million tonnes looking like being required by 2025, a price of US$8.75 per pound could be reached later this year (or early in 2019), with a peak price of up to $14/lb possible.