High Prices, Increased Investments Will Drive Supply Response for Nickel, Green River Gold CEO Says

With the expected demand from electric vehicle manufacturers, a nickel supply crunch might be looming, but with the right market conditions and government support, production of this critical mineral could accelerate, according to Perry Little, CEO of Green River Gold (CSE:CCR).

Roughly 70 percent of nickel demand comes from stainless steel, but electric vehicles are expected to significantly impact its usage. “I think we’re up to something like 5 percent of the nickel demand is (from electric) vehicles now. And that’s going to increase dramatically. So where does that additional nickel come from?” Little said.

Interest from both governments and the private sector will drive growth in the nickel space, he added.

“You’re seeing governments get behind the industry now … the American military is trying to secure nickel supply. That’s not a secret,” he noted. “The big companies are putting money into the sector, and that will eventually drive the supply. But there’s going to be a gap in there, because you just can’t turn these mines on like that. So anything that’s an early stage promising nickel deposit I believe will get strategic investments. I think you’re going to see it happening quickly.”

Watch the full interview with Green River Gold CEO Perry Little above.

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