The world is moving away from the old mindset. Climate change discussions and shared value initiatives have presented a new paradigm for extractive industries to adopt. Securing and maintaining a social license to operate is no longer only about minimizing negative impacts. Societal expectations and environmental requirements at the global, national and host community level have grown vastly more complex and critical. At the same time, stakeholder relationships and partnerships have become an enduring priority.
In this new industry landscape, only the companies that can adapt the fastest will survive over time. This is a world with unprecedented challenges and opportunities, and in which FNI is uniquely positioned to thrive.
Nickel has been the backbone of stainless steel infrastructure that makes world-class economies. Two-thirds of global primary nickel go into stainless steel, which can be used in a wide range of infrastructure applications such as energy supply, bridges, harbors, airports, and water and sewage.
Increasingly, nickel is being sought for the development of key parts of battery systems that power electric vehicles. There are two current leading technologies for EV battery—NCA chemistry (nickel-cobalt-aluminum) and NCM (nickel-cobalt-manganese).
Other emerging uses of nickel which we continue to look at are cooling systems in nuclear power plants, electronics, as well as transport and emergency power supply.
Although the development and eventual adoption of these technologies are at different speeds, we are poised to benefit from the potential we see for 2017 and beyond.