$HTSC management believes the supply chain for EV vehicles is already filled with too many middle men. EV manufacturers must control the whole supply chain to stay competitive, especially with a commodity that may soon be inflationary, leading to a squeeze on profits as the cost of nickel starts to rise with increased demand. Goldman Sachs recently upgraded their numbers for EV vehicles coming to market in the next 20 years. We anticipate that major EV players like Tesla will seek out nickel through billion dollar supply contracts and the inevitable purchase of their own nickel mines.
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