The Financial Post has published an article about nickel and where commodity prices will go in the near future. However, this is a paid editorial article. And must be read between the lines as promotional.
Where are EV commodity prices heading?
In essence, the article summarizes why developments in the electric vehicle (EV) market mean commodity prices are going up.
The author writes: “It is going to result in dramatic metal commodity price increases. In the past few months, rising commodity prices are a wake-up call to that reality.”
“The increased use of key energy metals like nickel, cobalt and lithium will continue to lead to future demand and commodity price increases, which result in good news for energy metal explorers,” the author adds.
Commodity value is now chasing technology value
This article refers to another Financial Post article on “Another commodity supercycle is coming – this time driven by renewable energy and EVs“. The core statements of this article correspond to those of the article mentioned at the beginning.
The author of the original article, Peter Tertzakian, concludes his article with the words: “The resource world doesn’t move nearly as fast as technology, which is why commodity value is now chasing technology value. And the larger lesson is that the new economy can’t go anywhere without the old.”
Source: financialpost.com
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