CCR:CC - High Prices Increased Investments Will Drive Supply Response for Nickel Green River Gold CEO Says

2023-03-16 15:55:00 ET

With the expected demand from electric vehicle manufacturers, a nickel supply crunch might be looming, but with the right market conditions and government support, production of this critical mineral could accelerate, according to Perry Little, CEO of Green River Gold (CSE:CCR) .

Roughly 70 percent of nickel demand comes from stainless steel, but electric vehicles are expected to significantly impact its usage. “I think we're up to something like 5 percent of the nickel demand is (from electric) vehicles now. And that's going to increase dramatically. So where does that additional nickel come from?” Little said.

Interest from both governments and the private sector will drive growth in the nickel space, he added.

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