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Nordic Nickel CEO Sees Convergence of Supply Chain Players as Critical Metals Shortage Looms
“Downstream players are recognising that it's no longer possible for them to just be ready to buy whatever their critical minerals are … they need to look at partnering with companies like us early on, where they're securing their supplier for five to 10 years down the track,” said Nordic Nickel CEO Todd Ross.
Europe is set to become the second largest battery manufacturing hub outside of China, according to Nordic Nickel (ASX:NNL) Managing Director and CEO Todd Ross, and battery manufacturers and electric vehicle producers are now looking to secure future supply by partnering with resource companies.
“Downstream players are recognising that it's no longer possible for them to just be ready to buy whatever their critical minerals are … they need to look at partnering with companies like us early on, where they're securing their supplier for five to 10 years down the track,” Ross said.
Jurisdictions with known resources of critical minerals are also stepping up to boost exploration and production, such as speeding up the permitting process and bolstering infrastructure and access to skilled labour and equipment, he said. Nordic Nickel’s two nickel projects — Pulju and Maaninkijoki 3 — are located in Finland’s Central Lapland greenstone belt, one of the world’s most active geological districts for nickel sulphide.
“The support that we're getting in Finland is really around the existing industry that's already there. There's obviously a highly qualified and very experienced exploration industry and mining industry that already exists," Ross said. “We're very excited about the fact that we have this first-mover advantage in a district-scale province where we've wrapped it up with 20 and 40 square kilometres of landholding."
Watch the full interview with Nordic Nickel managing director and CEO Todd Ross above.
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