An environmental incident in the far north of Russia has confirmed the case for nickel as a metal with strong investment appeal and might also play a role in the world’s biggest mining company, BHP, speeding up the sale of its thermal coal assets.
Linking those seemingly unrelated events are the contentious claims about climate change and the need to ween the world off fossil fuels, replacing coal and oil with alternative energy sources and battery storage of electricity.
The case for nickel has been explored in a number of my recent reports including one early last month headed “Nickel Rush Restarts As Steel And Battery Demand Rises”.
On the same day that story was published, June 4, a massive spill of diesel fuel into a Russian river triggered the declaration of a state of emergency with warmer weather linked to climate change helping melt the permafrost under diesel storage tanks.
For the rest of this article: https://www.forbes.com/sites/timtreadgold/2020/07/03/nickel-shuffle-russians-go-home-and-bhp-moves-in/#5323f512f362