Corn, steel, aluminum, manganese, oil, lithium, gas, wheat… There are many raw materials that have completely succumbed to the fluctuation caused by the Russian invasion of Ukraine, in markets that are already under-supplied. fans of predictability and short positions. But it was a product that made its mark. summary in this escalation of madness: its symbol is Ni, its atomic number is 28. Nickel was quoted at over $100,000 a tonne on March 8, fueled by a speculative wave that forced the London Metal Exchange – paid at 21,600 yesterday – to suspend all trading and cut prices. It is not only a strategic raw material for war material production, but also an essential raw material for battery production. electric cars. Brussels’ bid farewell to thermal vehicles by 2035 further accelerates this path to electrification, which Spain is currently facing with two battery plant projects in Valencia and Extremadura. But a mining company is now taking the lead role as a net nickel supplier to Galicia in this process..
This is the Swedish company Eurobattery Minerals, which received the results of field surveys in Castriz (Santa Comba), where diamonds were also sought at the end of the 19th century, and copper and cobalt in the 1970s. The report reveals that the so-called Corcel project is emitting copious amounts of nickel.. “It will be able to produce minerals for several million car batteries with a capacity of 60 kilowatt-hours (kWh),” the company says. “This is not an illusion. It is a proven fact by a report prepared according to CIM (Canadian Mining, Metallurgical and Petroleum Institute) guidelines. We have always believed it and now we have proof,” emphasizes the CEO, Robert Garcia Martinez. Until now, mining company evaluated the results of 5.6 million tons of rock equivalent with 0.23% nickel. With the 0.25% density of this raw material, “60 million tons can be easily reached”.
Portugal became the so-called Iberian stronghold of the supply of lithium, another material used for car batteries; Listed at Nordic Growth Market and Börse Stuttgart, this Swedish company wants to do the same for Galicia with nickel. A Tesla collaboration team led by the researcher jeff dannjust four weeks ago it introduced a new design for nickel batteries that can last up to a hundred years before being sent for recycling as long as their temperature stays in the 25º range.
“We can now concretely estimate that with only one-tenth of the total volume of Corcel deposits we can extract nickel for about half a million car batteries,” García Martínez added. Among the potentials Eurobattery has found for the Galician project is the “proximity” to the ports of Vigo and A Coruña.
Source: Informacion
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