Nickel

“For example, Nickel's default mode forces intermediate buffers which adds extra data movement between the sender and the receiver. And for fine-grained communication, this overhead really accumulates, and by stripping it out, you can speed up an operation as s…”

“Indonesian kind of like production capacity has scaled to the point where it's now something like 70% of global nickel comes out of Indonesia.”

“With the recent crash of the cobalt price and nickel For all sorts of reasons, and that's the topic for a whole different discussion, but particularly those two metals with the depression on their prices, our project remains profitable, and the reason it's pro…”

“The Duluth complex actually where New Range is located, which is in northeastern Minnesota, contains 95% of America's nickel, 88% of Cobalt and 33% of our copper.”

“Cobalt cathodes are actually the highest performing. And the reason we're on nickel is because it's meaningfully cheaper. And the reason we're on iron is it's yet cheaper still. But both of those are actually lower performing than the cobalt-based cathodes.”

“On the refining side, China controls 80% of manganese refining, more than 70% of cobalt and nickel refining, more than 60% of lithium refining. And then you get to the most valuable components, the cathodes, the anodes, right? China controls more than 75% of c…”

“For most of these electric vehicle batteries of all of the minerals is going to be nickel. And then lithium and cobalt probably fall in second, but the single biggest number to shoot for is the nickel itself, and that's a problem because most nickel is coming …”

“There's an area called the Clarion-Cliberton Zone. It's between Mexico and Hawaii. It has a estimated resource of nickel that is larger than the entire global terrestrial nickel resource. So more than you have in the entire global terrestrial environment in th…”

“But just to contextualize the scale of the challenge here, we mine around five times as much copper as we do those other three minerals, lithium, nickel, and cobalt combined.”

“Lithium prices have risen fivefold since April of last year. Nickel is also a particular concern because Russia supplies 10% of the world's nickel, and that's another key component in lithium ion batteries.”

“Russia supplies 10% of the world's nickel, and that's another key component in lithium ion batteries.”

“There's rarer metals, lithium being the by far most obvious one. But also things like cobalt and zinc and nickel where You know, we see in most cases global supply being sufficient to meet the needs of the energy transition, but just an enormous concentration …”

“So cobalt's the best to do that. And nickel is a reasonable second, a fairly close second. And there's just a huge drop to the third best, best cathode material. And that's probably iron phosphate.”

“Russia's the number two nickel producer in the world. It's also the number two Cobalt producer in the world.”

“Indonesia is really a high-cost producer. They produce out of a type of deposit called laterites, which are almost like metallic dirt low concentration, kind of high processing costs. It costs, you know, it costs 15, 20, 25 dollars a kilogram to process that.”

“These prices will not, I would bet against nickels being at 30 dollars a kilogram two years from now, because two years ago it was less than 20, and there were plenty of good opportunities, good projects out there, new projects that would work at 20.”

“We'd order it as nickel followed by lithium followed by cobalt followed by copper.”

“Suffice to say, I would imagine that portfolios that continue to be structurally turned towards commodity and resources are going to do well, because I think we're probably on the front edge of a sustained period of commodities nationalism, which serves to bro…”

“And so the cost of Tesla's are going to go up by 20 or 30%.”