$HTSC A Growing Reliance On Nickel Around The Glob
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PR Newswire - PRF - Wed Oct 21, 8:00AM CDT
NEW YORK , Oct. 21, 2020 /PRNewswire/ -- Nickel is a vital element used for several applications such as manufacturing nickel steels, electroplating and superalloys. In addition, nickel is the most expensive material in electric vehicle batteries after cobalt and is also one of the most widely used outside of the battery industry. This week, the price of nickel reached an 11-month peak after Chinese economic data showed signs of recovery. Industrial production rates were above expectations, rising from 5.6% in August to 6.9% in September compared to the same months last year. According to a report by Mining.com, the strong numbers from China , which consumes more industrial metals than the rest of the world combined, also lifted nickel prices, which hit USD 15,815 a ton in London , the highest since November 2019 . Here To Serve Holding Corp. (OTC:HTSC), Tesla, Inc. (NASDAQ: TSLA), Electrameccanica Vehicles Corp. (NASDAQ:SOLO), DSG Global Inc. (OTC
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China is committed to invest in exploration and mining of nickel. Indonesia anticipates that investments in nickel processing, as well as petrochemicals, will double to USD 35 Billion by 2033, led by investors from China . Indonesia is a major nickel producer, and according to the report, the country plans to expand as a nickel processing hub, starting from steel, to extracting battery grade chemicals from the ore, and eventually producing batteries for electric vehicles (EVs) and building EVs as well. The current generation of batteries used for EVs require large amounts of lithium and nickel, and of the two components, it is nickel that is more likely to be in short supply in the near future. "The outlook for lithium, according to a detailed analysis published last week of the metals market by Morgan Stanley, an investment bank, was for abundant supply and little evidence of a price increase, at least in the short term," Forbes reported.
Here To Serve Holding Corp. (OTC:HTSC) announced breaking news that, "its geology and mining consultancy firm, Prairie Fire Enterprises, now plans to complete a deep EM MAG survey on the mining claims of HTSC's wholly owned subsidiary, Fortune Nickel and Gold Inc ("Fortune"
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HTSC management believes the battery metals sector will heat up along with the entire electric vehicle supply chain. Tesla has indicated that nickel is a significant material for Tesla's battery production plans, as the metal is a key component for the batteries of vehicles like the Tesla Semi and the Cybertruck. Fortune is using its resources to be ready to help supply factories around the globe.
The company would also like its shareholders to know that it is pursuing the acquisition of a nickel company in Europe . The opportunity is here at the right time as millions of EV cars are projected to be built at Tesla factories globally, and Fortune plans to supply an enormous amount of high-grade nickel to companies like Tesla.
About Here To Serve Holding Corp.: Here to Serve Holding Corp. operates as several entities: Fortune Nickel and Gold Inc., ICF Industries Inc. ("ICF"
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Tesla, Inc. (NASDAQ: TSLA) announced earlier this month that it has produced just over 145,000 vehicles and delivered nearly 140,000 vehicles. "Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q3 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only one measure of the company's financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles," Tesla indicated.
Electrameccanica Vehicles Corp. (NASDAQ:SOLO) reported earlier this month an update related to its ongoing search for the Company's future U.S. based assembly facility and engineering technical center. ElectraMeccanica has announced the remaining two finalists as Arizona and Tennessee . Within each finalist state, the Company has selected two finalist sites within the Phoenix, AZ metro area and the Nashville, TN region, respectively. Along with BDO, the Company is now conducting final site and proposal reviews before making a selection at the end of November 2020 . "We have been very impressed with the locations and proposals we've reviewed and are looking forward to reaching an agreement that would mutually benefit both ElectraMeccanica as well as our future state and local partners," said Company CEO Paul Rivera . "When fully operational, our facility should contribute hundreds of jobs to the local economy as well as have a positive impact on the community at-large. We are excited to be a part of the catalyst for local and state initiatives to drive growth for the U.S. economy and the EV sector.
DSG Global Inc. (OTCQB
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