Nickel, Copper, Cobalt to Be 'Big Winners' in Energy Storage, IGO CEO Says

The video discusses the operations at Nova mine, highlighting its low-cost production of nickel, copper, and cobalt. Despite a trade spat, the business remains unaffected with strong margins. The company is exploring nickel sulfate production for battery demand, expecting a significant revenue increase. Future nickel demand is projected to rise with EV growth, while current demand is driven by stainless steel. Exploration efforts continue to expand nickel, copper, and cobalt resources.

What metals are produced at the Nova mine in Western Australia?

• Lead, Tin, and Uranium

• Iron, Aluminum, and Zinc

• Nickel, Copper, and Cobalt

• Gold, Silver, and Platinum

What was the main focus of the company's test work in 2018?

• Reducing production costs

• Exploring new mining sites

• Producing nickel sulfate for battery demand

• Developing new mining equipment

By what percentage does the company expect to increase its revenues from the same asset by producing nickel sulfate?

• 75%

• 60%

• 45%

• 30%

What is expected to be the key driver for nickel demand in the early 2020s?

• Construction industry

• Electric vehicles

• Jewelry manufacturing

• Agricultural tools

Which metals are considered byproducts in the Nova mine's production?

• Gold and Silver

• Copper and Cobalt

• Tin and Lead

• Iron and Zinc