MCRZF News and Press, Mincor Res Nl From 10/06/21

Nickel spot prices were slightly lower in September, LME inventory was significantly lower. Nickel market news - Macquarie forecasts nickel supply growth from Indonesia in 2022 to shift the market into a large oversupply (of 176kt nickel). Nickel company news - IGO Limited in disc...

Cobalt spot prices were slightly higher for the month and LME cobalt inventory was about the same. Cobalt market news - Canaccord forecasts a cobalt deficit as early as 2024, forecasts prices rising beyond the previous peak of US$42.52/lb and sets long-term pricing at US$40/lb. Co...

Nickel spot prices were lower in August, LME inventory was lower. Nickel market news - Morgan Stanley says demand for nickel is exceptionally strong. BMI says supply disruption leaves MHP nickel refiners high and dry. Nickel company news - Vale's Voisey's Bay expansion project pro...

Cobalt spot prices were flat for the month and LME cobalt inventory was about the same. Cobalt market news - Analyst's forecast cobalt prices either steady in 2021 or picking up slightly. EV makers eye bigger battery-metals role by inking mining deals. Cobalt miners news - Re|Sour...

Cobalt spot prices were significantly higher for the month and LME cobalt inventory was slightly lower. Cobalt market news - IEA forecasts cobalt demand to increase 6x to 21x from 2020 to 2040. LG Chem to invest $5B to produce EV battery materials. Cobalt miners news - China Moly'...

Cobalt spot prices were slightly higher for the month and LME cobalt inventory was about the same. Cobalt market news - US unveils plans for the supply of batteries, critical minerals, semiconductors. Volkswagen and Tesla both active in securing battery materials. Cobalt miners ne...

Cobalt spot prices were lower for the month and LME cobalt inventory was about the same. EV supply chain majors pilot Re|Source, a blockchain solution for end-to-end cobalt traceability. Cobalt market news - S&P GMI forecasts the cobalt market to move into deficit from 2024. Analy...

Cobalt spot prices were slightly lower for the month and LME cobalt inventory was slightly lower. Cobalt market news - President Biden’s $2.25 trillion infrastructure package proposes a $174 billion investment "to win the EV market". Cobalt miners news - CATL takes stake in...

Cobalt spot prices were higher again for the month and LME cobalt inventory was lower. Cobalt hydroxide prices up 65.5% YTD. Cobalt market news - Cobalt demand from NCM batteries used in EVs will likely increase a whopping 37x from 2019 to 2040. Cobalt miners news - Glencore reduc...

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...