ARRRF News and Press, Ardea Resources Ltd From 02/23/21

Cobalt spot prices surged higher again for the month, and LME cobalt inventory was much lower. Cobalt market news - China’s demand for electric cars drives cobalt prices to highest level in 2 years. UBS: Cobalt market to be in deficit for the next 10 years. Cobalt miners ne...

Nickel spot prices were higher again in January, and the LME inventory was slightly higher than last month. Nickel market news - This time it should be different. EV demand really is rising.“We’re not talking about hundreds of thousands of EVs anymore, we’re talki...

Cobalt spot prices were significantly higher for the month and LME cobalt inventory was lower. Cobalt prices enter 2021 on the rise boosted by China stockpiling. Cobalt market news - Cobalt Trends 2020: EV makers still need cobalt. Cobalt Outlook 2021: Demand to rise, higher price env...

Nickel spot prices were higher again in December, and the LME inventory was slightly higher than last month. Nickel market news - Green trend stirs copper and nickel markets as supply tightens. Nickel outlook 2021: Strong demand recovery ahead but supply to increase. Nickel compan...

Cobalt spot prices were unchanged for the month and LME cobalt inventory was also unchanged. Cobalt market news - BMI forecasts growth in the battery sector will drive cobalt demand, outweighing falling cobalt intensities in individual cells. Roskill-Cobalt demand set to roughly doubl...

Nickel spot prices were slightly higher in November, and the LME inventory was slightly higher than last month. Nickel market news - Wood Mackenzie forecasts nickel demand to increase by 2/3rds by 2040. New US trade group ZETA calls for emissions caps, total EV adoption by 2030. N...

Cobalt spot prices were slightly down for the month and LME cobalt inventory was unchanged. Cobalt market news - Roskill sees a more balanced cobalt market in 2020 & forecasts cobalt demand to double by 2030. Wood Mac forecasts cobalt demand to triple by 2040. Cobalt miners ne...

Nickel spot prices were higher in October, and the LME inventory was slightly higher than last month. Nickel hits 11-month high on expectations of robust demand. Nickel market news - Tesla in talks with Vale, BHP, and the Indonesian Govt. to secure nickel. Biden campaign tells miners ...

Cobalt spot prices were down for the month and LME cobalt inventory was unchanged. Cobalt market news - US declares a national emergency to deal with the threat of US critical materials supply. Glencore trader Brocas says OEMs seeking 5-10 year deals for cobalt. Wood Mackenzie -"N...

Nickel 'battery' demand is forecast to increase by 14x from 2019 to 2030. The demand surge will be for battery grade nickel sulphate best extracted from nickel sulphide ore. By 2025 if Tesla was making 5 million EVs pa they would need ~275,000 tpa of nickel each year. That is way abov...