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when calcane has a new video today's topic covers three nickel and zinc stocks
you can start accumulating now i'm sage for calcane media
let us take a look at the three ftse listed mining stocks that operate in nickel and zinc
extraction along with other industrial metals but before we get to the stocks let us understand
some of the crucial factors related to these metals the us geological survey has proposed
the inclusion of base metals like nickel and zinc on the united states critical minerals list
the list has a total of 50 base and precious metals and it uses a different methodology to
determine which minerals and metals are very important for the us economy nickel is on the
critical mineral list because the u.s imports over half of its annual nickel consumption
and moreover nickel is one of the key components in electric vehicle batteries
which has boosted its domestic demand in addition the domestic nickel production is limited with
only one operating mine in michigan which can lead to single point domestic supply failure
this combination of factors has led to nickel b included in the critical list the base metal zinc
was on the list as well as the us is dependent on imports for its domestic consumption
and the us imported 710 000 tons of zinc representing 83 of domestic consumption the global
supply chain disruption and increased production from china has led to its inclusion in the list
and the inclusion of these base medals might prove positive for the mining companies as
the u.s government would always want to keep sufficient reserves of these metals either
by importing or boosting domestic production to avoid any catastrophic events glencore the
company operates as a diversified metal and mining company producing different industrial metals
from its various mining sites worldwide in the nine months to 30th september 2021 the
company reported zinc production of 855 800 tonnes which was in line with the 2020 comparable period
it is planning to ramp up the production at zaheer mine which will further boost the zinc production
nickel production was at seventy one thousand one hundred tons which was lower by thirteen percent
than twenty twenty because of planned maintenance at the marin mine and certain operating issues at
mine however the company has kept its four-year production guidance unchanged bhp group the
company does the exploration and production of various industrial metals like copper
iron ore nickel and other metals it also operates in the petroleum and coal production business
the company reported nickel production of 17.8 kilo tonnes for the quarter ended 30th september
2021 and has kept its full year production guidance unchanged at 85 to 95 kiloton
the quarterly production volume was lowered due to planned maintenance activity across
its different minds the company also does the production of other metals and has kept
its full year production guidance unchanged fres nilo this ftse 100 listed company does exploration
and production of gold silver zinc and other metals the company reported 44 736 tons of zinc
production in the first nine months of 2021 which was in line with previous guidance in addition the
higher prices of precious and base metals in the international market continue to benefit the metal
and mining related companies in terms of revenue and profitability thanks for joining us in the
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