Nickel: Two companies hot on the heels of the next big discovery

RockTalk is a Stockhead video series featuring a roundtable of resources experts discussing a new macro topic each week.  

In this episode Peter discusses the nickel industry. This year began with the nickel price creeping over $20,000 per ton. By March a massive short squeeze pushed the price over $50,000 per ton; the price has now settled to $25,000 per ton.

Demand growth for nickel in stainless steel and lithium-ion batteries is a long term positive for the commodity.

Peter talks to two active exploration companies hot in the heels of Australia’s next nickel discovery.

Populating the expert panel for this discussion are Nicole Duncan, managing director at NickelSearch (ASX:NIS) and Matthew Gauci, managing director at NickelX (ASX:NKL).

NickleX recently saw a show of support from  shareholders who backed a $2.05m placement to accelerate drilling at their Cosmos South nickel project.

NickleSearch has kicked off a short drill program, testing high priority nickel sulphide targets at its Carlingup project near Ravensthorpe, WA.

The group discuss a range of topics including NickleSearch’s leading edge geochemistry technology, commencement of drilling at NickelX’s Cosmos South and more!