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Nickel Value 2023 Yr-Finish Evaluation

Nickel soared to its highest value ever in 2022, breaking by means of US$100,000 per metric ton (MT).

2023 was a distinct story. As governments labored to fight inflation and traders confronted appreciable uncertainty, commodities noticed an excessive amount of volatility. Nickel was no exception, particularly within the first half of the 12 months.

Finally the bottom steel could not maintain onto 2022’s momentum and has spent the final 12 months trending downward. Learn on to study what tendencies impacted the nickel sector in 2023, shifting provide, demand and pricing.

How did nickel carry out in 2023?

Nickel value from January 2, 2023, to December 29, 2023.

Chart through Trading Economics.

Nickel opened 2023 at US$31,238.53 on January 2, driving on the again of momentum that began in This fall 2022, and flirted with the US$31,000 mark once more on January 30. As January closed, the steel started to retreat, and by March 22 nickel had reached a quarterly low of US$22,499.53. It made slight positive aspects in April and Could, however spent the remainder of the 12 months in decline, reaching a yearly low of US$15,843 on November 26. Within the ultimate month of the 12 months, the nickel value largely fluctuated between US$16,000 and US$17,000 earlier than closing the 12 months at US$16,375, a lot decrease than the place it began.

Regardless of nickel’s return to regular value ranges, 2022’s rise to greater than US$100,000 made extra headlines this previous 12 months. The substantial improve got here after a brief squeeze, and the London Metallic Trade (LME) was criticized by some market members for halting buying and selling and canceling US$12 billion in contracts.

In June 2023, Jane Avenue World Buying and selling and hedge fund Elliott Associates filed a lawsuit for US$472 million in compensation for the canceled trades, stating that the LME acted unlawfully. Nonetheless, judgment got here down in favor of the LME on November 29. Elliott Associates has been granted permission to attraction the choice, which it intends to do.

Indonesian provide development weighs on nickel value

On the finish of 2022, analysts have been predicting that nickel would enter oversupply territory as a consequence of elevated manufacturing, primarily from Indonesia and China. Chatting with the Investing Information Community (INN) on the time, Ewa Manthy of ING commented, “We imagine rising output in Indonesia will strain nickel costs subsequent 12 months.”

This prediction got here true — manufacturing surpluses continued to be a theme in 2023, weighing on costs.

Indonesia continued its aggressive improve in nickel manufacturing, greater than doubling the 771,000 MT it produced in 2020. A forecast from an Indonesian authorities official in early December signifies the nation is on observe to succeed in manufacturing within the 1.65 million to 1.75 million MT range, additional including to a rising provide glut.

In an e-mail to INN, Jason Sappor of S&P World Commodity Insights stated nickel was the worst-performing steel in 2023 as a consequence of increasing provide. “We consequently count on the worldwide major nickel market surplus to develop to 221,000 MT in 2023. This is able to be the most important international major nickel market surplus in 10 years, in keeping with our estimates,” he stated.

The explanation for Indonesia’s greater output in recent times is that the nation has been working to realize larger worth by means of the manufacturing chain, and in 2020 strictly regulated export of uncooked nickel ore. This resolution pressured refining and smelting initiatives within the nation to ramp up quickly and introduced in international funding.

In H2, Indonesia’s makes an attempt to fight unlawful mining led to delays in its mining output quota software system. Whereas the nation initially stated it could start to course of purposes once more in 2024, lack of provide pressured metal producers to buy nickel ore from the Philippines to satisfy demand, and Indonesia finally issued temporary quotas for This fall.

Nickel demand hampered by weak Chinese language restoration

Provide is simply a part of the issue for nickel. Coming into 2023, Manthy steered demand can be impacted by China’s zero-COVID coverage, which had been affecting the nation’s actual property sector. “China’s rest of its COVID coverage would have a big impact on the metal market, and by extension on the nickel market,” she stated.

This concept was echoed by analysts at FocusEconomics, who famous, “The resilience of the Chinese language financial system and the nation’s dealing with of latest COVID-19 outbreaks are key elements to observe.”

Whereas China ended its zero-COVID policy in December 2022, the 12 months that adopted was lower than excellent for the nation, with sharp declines in actual property gross sales and two main builders seeing continued troubles. In August, China Evergrande Group (HKEX:3333) filed for chapter within the US, and on the finish of October, Nation Backyard Holdings (OTC Pink:CTRYF,HKEX:2007) defaulted on its debt. As a result of the Chinese language actual property sector is a serious driver of metal demand, this has had a dramatic impression on nickel and is among the major causes for its value retreat.

There have additionally been wider implications for the Chinese language financial system. Deflation has been triggered within the nation as its outsized property sector implodes, with downstream results for the greater than 50 million people employed within the building trade. Some, together with the Worldwide Financial Fund and Japanese officers, have compared the situation in China to Japan within the Nineties, when that nation’s housing bubble burst and created financial turmoil.

With uncertainty rife, China’s central financial institution nonetheless isn’t prepared to start cuts on its key five year loan prime interest rate, but it surely has been working to enhance market liquidity to stimulate actual property sector development. In support of that, it lower the reserve requirement ratio by 25 basis points twice in 2023, decreasing the amount of money reserves banks must hold readily available.

To date, these stimulus efforts haven’t had a lot impact on the actual property market, and its continued struggles have ensured that commodities hooked up to the sector, together with nickel, are nonetheless buying and selling at depressed costs. China has vowed to proceed to work on its fiscal policy by removing purchasing restrictions on house shopping for and offering better access to funding for actual property builders.

EVs not boosting nickel value simply but

Nickel is certainly one of many metals that has been labeled as critical to the transition to a low-carbon future. It’s important as a cathode within the manufacturing of electrical automobile (EV) batteries, and when INN spoke to Rodney Hooper of RK Fairness on the finish of 2022, he famous that individuals have been initially fairly conservative on their estimates of EV gross sales.

Nonetheless, that is now begun to alter. “That’s all turned on its head now. EVs characterize a giant proportion of nickel demand, and they’ll proceed to rise going ahead,” Hooper defined on the time.

Whereas the EV outlook stays vibrant, the sector hasn’t grown quick sufficient to make up for declining metal sector demand for nickel. And with restricted charging infrastructure, vary issues and the results of higher-for-longer rates of interest, EV sales slowed in 2023. The slowdown is welcome news for battery makers as it’ll permit them time to construct out factories and additional develop expertise, but it surely’s not good for traders and producers of nickel on the lookout for pricing gains.

Investor takeaway

2023 wasn’t a fantastic 12 months for nickel. It confronted growing provide in opposition to lowered demand from each the Chinese language actual property sector and slower EV gross sales. The rebound within the Chinese language financial system that was hoped for after COVID-19 restrictions have been eliminated by no means occurred, and as an alternative it has regressed additional, pushing into deflationary territory.

Nickel traders could really feel somewhat stung on the shut of the 12 months, particularly as uncertainty out there persists.

Don’t overlook to observe us @INN_Resource for real-time information updates.

Securities Disclosure: I, Dean Belder, maintain no direct funding curiosity in any firm talked about on this article.

Editorial Disclosure: The Investing Information Community doesn’t assure the accuracy or thoroughness of the data reported within the interviews it conducts. The opinions expressed in these interviews don’t replicate the opinions of the Investing Information Community and don’t represent funding recommendation. All readers are inspired to carry out their very own due diligence.

Extra data on Nickel shares investing — FREE

Nickel Value Forecast: Prime Traits That Will Affect Nickel in 2024

Nickel began 2023 excessive after a rally on the finish of 2022, however provide and demand pressures noticed the bottom steel’s value decline all year long to shut practically 50 % decrease at US$16,375 per metric ton (MT).

Manufacturing has elevated quickly in recent times, and oversupply performed a giant function in nickel’s 2023 value dynamics. Indonesia particularly has ramped up its output and now accounts for greater than 50 % of world nickel provide.

Extra provide was compounded by weak demand out of China, which has continued to battle since ending its zero-COVID coverage in January. China’s central financial institution is now working to stimulate the financial system to forestall runaway deflation.

What does 2024 have in retailer for nickel? The Investing Information Community (INN) spoke to consultants about what may occur to the steel within the subsequent 12 months when it comes to provide, demand and value. Learn on to study their ideas.

Consultants name for an additional nickel surplus in 2024

Nickel is coming into the 12 months with a holdover surplus from 2023. This glut has primarily come from a rise in Class 2, lower-purity nickel produced in Indonesia, but it surely’s additionally been pushed by a rise within the manufacturing of Class 1, higher-purity product from China. The previous class, which incorporates nickel pig iron and ferronickel, is utilized in merchandise resembling metal, whereas the latter is important to create nickel sulfate and nickel cathodes for electrical autos (EVs).

Towards that backdrop of upper provide, each nickel merchandise have additionally confronted decreased demand.

The ensuing oversupply issues have been mirrored in core metals markets, and Ewa Manthey, commodities strategist at ING, instructed INN that nickel has the most important brief place of the six London Metallic Trade (LME) base metals.

“This buildup is making nickel susceptible to violent value spikes ought to inventors unwind their brief positions,” she stated. This kind of state of affairs occurred in 2022, when the nickel value catapulted quickly to over US$100,000 earlier than the change canceled billions of {dollars} in trades and suspended nickel buying and selling. The LME’s method to the state of affairs has been criticized, however was recently ruled lawful by London’s Excessive Court docket of Justice.

The Worldwide Nickel Examine Group (INSG), an intergovernmental physique consisting of presidency and trade representatives, met in October to debate the present state and outlook for the nickel market.

On the time, the group forecast that surplus conditions would proceed into 2024, with oversupply reaching 239,000 MT on the again of will increase in nickel pig iron output from Indonesia. In the meantime, decreases in nickel pig iron manufacturing from China are anticipated to be offset by will increase in nickel cathode and nickel sulfate manufacturing.

Despite the fact that the INSG expects demand to develop from 3.195 million MT in 2023 to three.474 million MT in 2024, manufacturing continues to be anticipated to be greater, rising from from 3.417 million MT in 2023 to three.713 million MT in 2024.

Chinese language restoration wanted to buoy nickel value

On the outset of 2023, consultants thought Chinese language demand for nickel would improve because the nation ended its strict zero-COVID coverage. China’s building trade is a key client of nickel, which is used to make chrome steel.

Nonetheless, the restoration was slower than predicted, and demand from the actual property sector by no means materialized.

“China’s flagging restoration following COVID lockdowns has harm the nation’s building sector and has weighed on demand for nickel this 12 months,” Manthey defined to INN.

Whereas the dearth of restoration in China’s actual property sector negatively impacted nickel demand and pricing by means of 2023, in keeping with Fitch Scores’ China Property Developers Outlook 2024, the nation has been concentrating on building and growth coverage in higher-tier cities and injecting liquidity out there. This has largely been a balancing act because it tries to stem deflation in its market and battles with inflation globally.

If China’s efforts to provide real estate sector support are profitable that could possibly be a boon for the nickel value. However as 2024 begins, extra economists are forecasting a continued downtrend within the Chinese language financial system.

Even so, the INSG’s October forecast indicated that demand for stainless-steel was set to develop within the second half of 2023, and the group was calling for additional development in 2024.

EV demand for nickel rising slowly however absolutely

Whereas the Chinese language actual property market is a key think about nickel demand, it is not the one one.

The increasing EV sector can be a rising purchaser of nickel. “World nickel consumption is anticipated to extend as a consequence of restoration of the chrome steel sector and elevated utilization of nickel in EV batteries,” Manthey stated. “Batteries now account for nearly 17 % of whole nickel demand, behind chrome steel.”

As a cathode materials in EV batteries, nickel has turn out to be a important part within the transition away from fossil fuels, which the knowledgeable anticipates will assist its value sooner or later.

“The steel’s attraction to traders as a key inexperienced steel will help greater costs in the long run,” she stated.

Whereas demand for battery-grade nickel is predicted to grow over the subsequent few years because the steel is used within the prolific nickel-manganese-cobalt (NMC) cathodes, producers and scientists have been working to find alternatives that don’t depend on nickel and cobalt as a consequence of environmental and human rights issues, in addition to the excessive prices of those cathodes.

Lithium-iron-phosphate (LFP) batteries have turn out to be a contender in recent times, rising in recognition in Asia and seeing uptake from main EV producers like Tesla (NASDAQ:TSLA), owing to their longer lifespans and decrease manufacturing prices. Nonetheless, due to their decrease vary, LFP batteries have low demand in areas resembling North America, the place the power to drive lengthy distances is a crucial think about buy selections.

Which means that for now, NMC batteries will stay an important a part of the EV panorama.

EV demand has additionally declined recently because the trade faces headwinds which have soured client curiosity, together with charging infrastructure shortfalls, inconsistent provide chains and elevated rates of interest. These elements are already beginning to have an effect, with Ford (NYSE:F) and GM (NYSE:GM), amongst others, cutting production forecasts for 2024.

What’s going to occur to the nickel value in 2024?

Following its close to 50 % drop in 2023, the nickel value is anticipated to be rangebound for many of 2024.

“Whereas LME nickel costs are anticipated to seek out help from a weaker US greenback in 2024 because the Fed eases financial coverage, we count on costs to stay subdued subsequent 12 months as additional major nickel output development from Indonesia and China retains the market in a surplus for the third consecutive 12 months,” stated Jason Sappor of S&P World Commodity Insights.

Manthey agreed that the value is prone to keep flat. “We see costs averaging US$16,600 in Q1, with costs steadily shifting as much as common US$17,000. We forecast a mean of US$16,813 in 2024,” she stated. Manthey additionally famous that nickel is about to stay elevated in comparison with common ranges before the short squeeze in March 2022.

Sappor steered that the nickel surplus and the steel’s rangebound value could immediate producers to scale back their output. “Nickel costs have sunk deeper into the worldwide manufacturing price curve, elevating the likelihood that the market could possibly be hit by price-supportive mine provide curtailments,” he stated.

Presently there is no such thing as a indication that producers will ease manufacturing subsequent 12 months, and Vale (NYSE:VALE), one of many world’s high nickel miners, is anticipating its Indonesian subsidiary to produce slightly more versus 2023.

Investor takeaway

Very similar to the remainder of the mining trade, nickel is being affected by broad macroeconomic forces within the post-COVID period. Larger rates of interest are stymying investment throughout the mining trade, whereas additionally decreasing demand for big-ticket objects like actual property and vehicles, which assist to drive demand for metals.

For nickel, this implies one other 12 months of oversupply. A possible rebound within the Chinese language actual property market and elevated demand from upfront tax credits for EVs may shift its trajectory, however the headwinds in 2024 look to be sturdy.

Don’t overlook to observe us @INN_Resource for real-time information updates!

Securities Disclosure: I, Dean Belder, maintain no direct funding curiosity in any firm talked about on this article.

Editorial Disclosure: Blackstone Minerals, Falcon Gold and FPX Nickel are shoppers of the Investing Information Community. This text just isn’t paid-for content material.

The Investing Information Community doesn’t assure the accuracy or thoroughness of the data reported within the interviews it conducts. The opinions expressed in these interviews don’t replicate the opinions of the Investing Information Community and don’t represent funding recommendation. All readers are inspired to carry out their very own due diligence.

Extra data on Nickel shares investing — FREE

Prime 5 Canadian Nickel Shares of 2024

Nickel has been trending down since early 2023, and bearish sentiment nonetheless pervades the market in 2024. Provide is anticipated to outflank demand over the brief time period, however the longer-term outlook for the steel is robust.

The Investing Information Community (INN) spoke to analysts to get their ideas on the most important nickel tendencies to observe for in 2024, and what they assume will have an effect on the market shifting ahead. They mentioned elements resembling oversupply, weaker-than-expected demand from China and doubts concerning the London Metallic Trade after it suspended buying and selling final 12 months.

Demand from the electrical automobile trade is one motive nickel’s future seems vibrant additional into the long run.

“World nickel consumption is anticipated to extend as a consequence of restoration of the chrome steel sector and elevated utilization of nickel in electrical automobile batteries. Batteries now account for nearly 17 % of whole nickel demand, behind chrome steel,” Ewa Manthey, commodities strategist at monetary companies agency ING, instructed INN within the lead-up to 2024. “The steel’s attraction to traders as a key inexperienced steel will help greater costs in the long run.”

Beneath INN has listed the highest nickel shares on the TSX, TSXV and CSE by share value efficiency up to now this 12 months. All year-to-date and share value information was obtained on February 22, 2024, utilizing TradingView’s stock screener. The highest nickel shares listed had market caps above C$10 million at the moment.

1. EV Nickel (TSXV:EVNI)

Yr-to-date achieve: 96.67 %; market cap: C$53.03 million; present share value: C$0.59

EV Nickel’s major undertaking is the 30,000 hectare Shaw Dome asset in Ontario. It contains the high-grade W4 deposit, which has a useful resource of two million metric tons at 0.98 % nickel for 43.3 million kilos of Class 1 nickel throughout the measured, indicated and inferred classes. Shaw Dome additionally holds the large-scale CarLang A zone, which has a useful resource of 1 billion metric tons at 0.24 % nickel for five.3 billion kilos of Class 1 nickel throughout indicated and inferred classes.

EV Nickel can be engaged on integrating carbon capture and storage technology for large-scale clear nickel manufacturing, with majority funding from the Canadian authorities and Ontario’s provincial authorities. In late 2023, the corporate introduced it was shifting its carbon seize analysis and growth to the pilot plant stage.

The Canadian nickel exploration firm’s share value began off the 12 months at C$0.30 earlier than steadily climbing to succeed in a year-to-date excessive of C$0.69 on February 12.

Press Releases

Firm Profile

2. Fathom Nickel (CSE:FNI)

Yr-to-date achieve: 34.78 %; market cap: C$19.53 million; present share value: C$0.115

Exploration-stage Fathom Nickel says its mission is to focus on magmatic nickel sulfide discoveries to help the worldwide electrical automobile market. The corporate’s Saskatchewan-focused portfolio contains the Albert Lake undertaking, which holds nickel, copper and platinum-group metals (PGMs), and the Gochager Lake nickel-copper undertaking. The 90,000 hectare Albert Lake undertaking hosts the historic and past-producing Rottenstone deposit.

Fathom kicked off its winter exploration program at Albert Lake in the course of the first week of February. In keeping with the corporate, the primary gap will goal a “very sturdy, very outstanding conductor dominating the northeastern part of the determine.” Fathom will even purpose to additional take a look at and doubtlessly discover the supply of a multi-element soil geochemical anomaly on the Tremblay-Olson claims space. It plans to finish 5 to seven drill holes to that finish.

The corporate’s share value has moved from C$0.12 at the beginning of the 12 months to a year-to-date excessive of C$0.21.

Firm Profile

3. Sama Assets (TSXV:SME)

Yr-to-date achieve: 20 %; market cap: C$25.31 million; present share value: C$0.12

Sama Assets’ focus is on the Samapleu nickel-copper-PGMs undertaking in Côte d’Ivoire, West Africa, which incorporates the Samapleu and Grata deposits. Samapleu is a three way partnership between Sama (70 %) and Ivanhoe Electrical (30 %); Ivanhoe Electrical has the choice to buy as much as a 60 % curiosity within the undertaking.

Within the first few weeks of the 12 months, Sama has already dropped a number of press releases. The corporate shared highlights from its ongoing 3,800 meter winter drilling program on the Yepleu prospect. Importantly, the work has confirmed that newly discovered nickel-copper-PGMs mineralization measures 500 by 400 meters, is close to floor and open in all instructions. Drill results from this system up to now embrace drill gap S-349, which intersected 53 meters of mixed mineralization layers grading 0.29 % nickel, together with 2.6 meters at 1.31 % nickel and 0.95 % copper.

Sama’s share value began off the 12 months at C$0.11 earlier than leaping to a year-to-date excessive of C$0.14 on February 12.

Press Releases
Firm Profile

4. FPX Nickel (TSXV:FPX)

Yr-to-date achieve: 13.33 %; market cap: C$93.15 million; present share value: C$0.34

FPX Nickel is growing its flagship development-stage Baptiste nickel undertaking within the Decar Nickel District of BC. The property is host to 4 targets, together with the Baptiste deposit and the Van goal, the previous of which is the corporate’s major goal. The corporate is concentrating on each the chrome steel and battery-grade nickel markets.

FPX Nickel is at present conducting environmental baseline actions, and making ready for a feasibility examine at Baptiste. In late January, the corporate introduced a C$14.4 million strategic funding from Sumitomo Metallic Mining Canada, which is a completely owned subsidiary of Sumitomo Metallic Mining (TSE:5713).

By CO2 Lock, its majority owned subsidiary, FPX Nickel is pursuing carbon seize and storage expertise as a method of decreasing the carbon footprint related to mining battery metals. In late February, CO2 Lock accomplished the first-ever profitable injection of CO2 right into a brucite-rich ultramafic mineral undertaking as part of a complete subject program happening at its SAM web site in Central BC. “This achievement marks a big milestone within the growth of CO2 Lock’s revolutionary in-situ CO 2 mineralization expertise,” states a press launch.

Shares moved from a year-to-date low of C$0.27 in mid-January to a year-to-date excessive of C$0.40 on February 5.

Press Releases

Firm Profile

5. Canada Nickel (TSXV:CNC)

Yr-to-date achieve: 11.2 %; market cap: C$240.57 million; present share value: C$1.39

Canada Nickel Firm has honed its efforts on its wholly owned flagship Crawford nickel sulfide undertaking in Ontario’s productive Timmins Mining Camp. A bankable feasibility examine demonstrates a large-scale nickel deposit with a mine lifetime of 41 years, an after-tax internet current worth of US$2.5 billion and an inner price of return of 17.1 %. The corporate has stated it’s concentrating on each the electrical automobile and chrome steel markets.

A couple of big-name firms maintain vital possession positions in Canada Nickel, together with Agnico Eagle Mines (TSX:AEM,NYSE:AEM), which holds an 11 % stake, and Anglo American (LSE:AAL,OTCQX:AAUKF), which has a 7.6 % stake. In February of this 12 months, battery and digital supplies producer Samsung SDI (KRX:006400) made an fairness funding of US$18.5 million for an 8.7 % possession stake within the firm.

Canada Nickel’s share value was buying and selling at C$1.14 earlier than leaping to a year-to-date excessive of C$2.24 on January 16.

In early February, the corporate shared that its wholly owned subsidiary, NetZero Metals, is planning to develop a nickel-processing facility and chrome steel and alloy manufacturing facility within the Timmins Nickel District. Canada Nickel’s share value had slid to C$1.35 on February 5 earlier than rising as much as C$1.46 on February 9 following the information.

Later within the month, Canada Nickel shared profitable outcomes from preliminary infill drilling at its 100% owned Bannockburn property, and introduced a brand new discovery on the Mann property. Mann is a three way partnership with Noble Mineral Exploration (TSXV:NOB,OTCQB:NLPXF) by which Canada Nickel can earn an 80 % curiosity.

Press Releases

Firm Profile

FAQs for nickel investing

How you can spend money on nickel?

There are a selection of the way to spend money on nickel, however shares and exchange-traded merchandise are the most typical. Nickel-focused firms will be discovered globally on numerous exchanges, and thru the usage of a dealer or a service resembling an app, traders should purchase firms and merchandise that match their investing outlook.

Earlier than shopping for a nickel inventory, potential traders ought to take time to analysis the businesses they’re contemplating; they need to additionally determine what number of shares can be bought, and what value they’re keen to pay. With many choices available on the market, it’s vital to finish due diligence earlier than making any funding selections.

Nickel shares like these talked about above could possibly be possibility for traders within the area. Skilled traders can even have a look at nickel futures.

What’s nickel used for?

Nickel has a wide range of purposes. Its principal use is an alloy materials for merchandise resembling chrome steel, and additionally it is used for plating metals to scale back corrosion. It’s utilized in cash as effectively, such because the 5 cent nickel within the US and Canada; the US nickel is made up of 25 % nickel and 75 % copper, whereas Canada’s nickel has nickel plating that makes up 2 % of its composition.

Nickel’s up-and-coming use is in electrical autos as a part of sure lithium-ion battery compositions, and it has gotten further consideration due to that function.

The place is nickel mined?

The world’s high nickel-producing nations are primarily in Asia: Indonesia, the Philippines and New Caledonia make up the highest three. Rounding out the highest 5 are Russia and Canada. Indonesia’s manufacturing stands far forward of the remainder of the pack, with 2023 output of 1.8 million MT in comparison with the Philippines’ 400,000 MT and New Caledonia’s 230,000 MT.

Important nickel miners embrace Norilsk Nickel (OTC Pink:NILSY,MCX:GMKN), Nickel Asia, BHP Group (NYSE:BHP,ASX:BHP,LSE:BHP) and Glencore (LSE:GLEN,OTC Pink:GLCNF).

Don’t overlook to observe us @INN_Resource for real-time information updates!

Securities Disclosure: I, Melissa Pistilli, maintain no direct funding curiosity in any firm talked about on this article.

Editorial Disclosure: Canada Nickel, FPX Nickel and Noble Mineral Exploration are shoppers of the Investing Information Community. This text just isn’t paid-for content material.

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