Norilsk Nickel Mining & Metallurgical Co. ADR (OTCMKTS:NILSY) Looks Sharp With The Prospects For Nickel and Palladium

- April 11, 2017
 Norilsk Nickel Mining & Metallurgical Co. ADR (OTCMKTS:NILSY) is the world’s largest producer of nickel and palladium. Norilsk Mining engages in the prospecting, exploration, mining and processing of minerals. Norilsk Mining manufactures and markets base and precious metals.
Around 65% of nickel used in the world is used to produce stainless steel. The big 3 are Vale SA (NYSE:VALE) and BHP (NYSE:BHP) with Glencore (OTCPK:GLNCF) close behind. In an interview recently Glencore (OTCPK:GLNCF) CEO Ivan Glasenberg said, “a shift of just 10 per cent of the global car fleet to electric vehicles would create demand for 400,000 tonnes of nickel, in a 2 million tonne market.” Mining Weekly  Glencore (OTCPK:GLNCF)
 
The nickel sector has been in a severe bear market for the last 6 years. However, nickel prices are showing some signs of recovery for several reasons.  Construction and infrastructure projects are picking up which should be a strong tailwind for the sector. Nickel should also get a boost from the rise of Lithium ion batteries, which are mostly made from nickel (80%) and the rest cobalt, lithium, and graphite.   

The supply side is always hard to forecast, but further Philippines and Indonesia supply disruptions will certainly help boost nickel prices.
 nickel 80%, cobalt 15%, aluminum 5%) lithium ion batteries are made mostly from nickel (80%) and the rest cobalt, lithium, and graphite.  
Going back to Glasenberg’s comment, a 10% shift equals a 20% surge in demand. I think it is easy to see a 10% shift in demand for electric vehicles. If so, I would certainly want to own the world’s largest producer of nickel and palladium,  Norilsk Nickel Mining & Metallurgical Co. ADR (OTCMKTS:NILSY)
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    Norilsk Nickel Mining & Metallurgical Co. ADR (OTCMKTS:NILSY) Looks Sharp With The Prospects For Nickel and Palladium

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    Norilsk Nickel Mining & Metallurgical Co. ADR (OTCMKTS:NILSY) Looks Sharp With The Prospects For Nickel and Palladium

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