The world is in turmoil as Russia, the major supplier of raw and refined nickel gets sanctioned. The scarcity of the much-desired metal is at a record high. Kenes Rakishev invites investors to join the nickel and cobalt industry in Kazakhstan. The ore deposits are at decent levels and the project is meant to be environmentally minded.
Nickel prices are on the rise and the primary reason for it is the demand caused by battery manufacturers. Nickel and its companion metal – cobalt – are widely used in making batteries and steel. Kenes Rakishev is on the way to developing and making public one of the best mining operations in Kazakhstan – the Gornostayevskoe deposits. His company, Battery Metals Technology, is preparing for an IPO. High prices on commodities are making his plans a favor.
Litium-ion batteries despite the name aren’t made out of lithium and ‘ions’. The battery industry and surrounding tech is using nickel and cobalt and those metals are mined primary in Africa using the harshest labor and little environmental protection. Kenes Rakishev offers a clean and modern alternative to it by using leaching instead of a particular mining technique. The landscape isn’t disrupted and is easily re-cultivated.
The mining deposits are situated at the very border of China which makes a choice of trading partners a no-brainer. The exact date of the IPO isn’t announced yet by Kenes Rakishev, but the analysts expect it to be in the autumn or early winter of the current year.
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