Much More Than A 5 Cent Piece, Nickel Is Critical To The Modern World And Its Future

Over the last four decades, Sprott Asset Management has established itself as a trusted global asset management firm. Amongst the company’s most compelling products is its Nickel Miners ETF - NIKL NIKL. Listed on the NASDAQ, NIKL is the only ETF to provide focused exposure to nickel miners that supply the mineral so critical for the batteries that are driving the electric vehicle revolution.

It has been found that Increasing the nickel component of EV batteries greatly increases the drivable range of these vehicles. This may lead to a significant appreciation in nickel’s value. A report by the International Energy Agency predicts this will drive the price up by as much as 20 times its 2022 value by the year 2040.

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Featured photo by Pawel Czerwinski on Unsplash.

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