Thacker Pass Is Being Built: Here Is Why That Is the Best News NILI Investors Have Heard All Year.

Jennifer L

-

May 10, 2026

Thacker Pass Is Being Built: Here Is Why That Is the Best News NILI Investors Have Heard All Year.

Disseminated on behalf of Surge Battery Metals.

Lithium Americas (LAC) has officially broken ground at Thacker Pass, Nevada. The project is advancing toward its first production target in 2028. LAC CEO Jonathan Evans said in the company’s news release that the project should be mechanically complete by the end of 2026. Commissioning will happen through 2027, with commercial production starting in 2028.

For investors watching Nevada clay lithium, this milestone is more than an update. It’s a market signal that could change the investment landscape.

De-Risking the Clay Lithium Category

For years, clay-based lithium has faced a single recurring objection: “It has never been done at a commercial scale.” Unlike brine or hard-rock lithium, sedimentary clay deposits presented a technological and operational unknown. Investors and lenders were cautious, capital costs were higher, and early-stage projects struggled to secure financing.

Thacker Pass changes that narrative. Once LAC makes battery-grade lithium carbonate from sedimentary clay at a commercial scale, it reduces risks for the whole category. Projects in Nevada now have clear proof that clay-based lithium can be mined and processed effectively.

The historical precedent is instructive. In Chile’s Atacama region, the first brine lithium projects proved the chemistry and cost-effectiveness of large-scale lithium extraction. Later projects attracted capital more easily and on better terms. This created a ripple effect, speeding up the region’s lead in global lithium supply.

Thacker Pass is playing that same role for sedimentary clay. Its success is not just a win for LAC. It marks a key milestone for the whole Nevada clay lithium sector, including the Nevada North Lithium Project (NNLP) of Surge Battery Metals (TSX-V: NILI | OTCQX: NILIF).

Understanding the Technical Landscape

Thacker Pass Phase 1 has lithium levels of 1,500–2,500 ppm. They plan to extract it using sulfuric acid leaching to create battery-grade lithium carbonate. The project is important both geographically and operationally.

It features a large pit, a big processing facility, and integrated infrastructure. This covers access roads, water supply management, and energy sources that meet Nevada’s rules.

Thacker Pass lithium mine project — Source: Lithium Americas

While Thacker Pass shows commercial viability, it is crucial to note that NNLP and Thacker Pass are not technically the same. NNLP employs a different beneficiation approach and reagent chemistry to optimize recovery.

NNLP: The Higher-Grade, Next-Generation Project

Thacker Pass shows clay lithium on a large scale. NNLP positions itself as the next evolution of this asset class, with clear geological advantages:

Grade: NNLP averages 3,010 ppm lithium, significantly higher than Thacker Pass Phase 1 material. Recent drilling results show that step-out drilling found a 31-meter intercept with 4,196 ppm lithium from surface. This gives NNLP a potential extraction advantage.
Strip Ratio: NNLP’s 1.16:1 strip ratio is among the lowest in the sedimentary clay peer group. This indicates that it has favorable material movement requirements relative to ore recovered.
Operating Costs: NNLP’s estimated OPEX is US$5,097/t LCE, lower than Thacker Pass guidance of ~US$6,200/t C1. It suggests that it has competitive economic positioning within the peer group.

Both projects produce battery-grade lithium carbonate using sulfuric acid leaching. However, each method is customized for the specific geology of the project. NNLP is not a copy of Thacker Pass. Rather, it is a next-generation clay project designed to leverage lessons learned while improving key parameters.

Moreover, infill drilling showed a steady, thick, high-grade core. It included intercepts like 116 meters at 3,752 ppm Li and 32 meters at 4,521 ppm Li. These results support future resource expansion. They also highlight the project’s scale, quality, and technical readiness as it prepares for a Pre-Feasibility Study.

SEE MORE: Surge Battery Metals Strengthens Nevada North With High-Grade Expansion and Infill Success

Why Category De-Risking Matters for Investors

In emerging resource sectors, de-risking is often more valuable than the resource itself. Projects that validate a new extraction method or commodity unlock several market advantages:

Lower financing risk: Investors are more willing to fund projects once proof of concept exists.
Improved capital terms: Lending rates and equity expectations can improve when technology and economics are validated.
Accelerated project development: Developers can move faster, reduce contingencies, and focus on optimization rather than proving viability.

Thacker Pass’s progress effectively removes the “first-mover risk” from sedimentary clay projects. NNLP has higher grades, near-surface mineralization, and competitive OPEX. Now, it can be assessed on its own merits, not on doubts about large-scale clay processing.

Strategic Significance in the U.S. Lithium Market

The timing of Thacker Pass’s construction and NNLP’s development aligns with broader policy and market trends. Lithium is a critical input for electric vehicles, grid-scale storage, and advanced defense technologies. The U.S. government has emphasized domestic lithium production as a strategic priority.

In March 2025, President Trump signed an executive order called “Immediate Measures to Increase American Mineral Production.” This order directs federal agencies to speed up permitting and support domestic projects. It also aims to lessen dependence on foreign supply chains for critical minerals.

Projects like Thacker Pass and NNLP benefit from this policy. They provide secure domestic sources that boost the lithium supply chain.

Nevada is central to this strategy. Its clay deposits are among the largest and best in the U.S. They provide a stable base for domestic lithium production, which supports electrification goals and helps reduce reliance on imports.

Thacker Pass’s progress also sends a signal beyond the Nevada clay sector. It demonstrates that investors and capital markets are willing to back sedimentary clay projects at scale. That validation reduces perceived risk for future projects. It also speeds up permitting and development timelines as well as strengthens valuation metrics.

NNLP, with its superior grade and shallower resource, stands to benefit disproportionately. It is no longer constrained by questions of category viability. It can now be evaluated based on its geological quality, operational efficiency, and potential returns.

NNLP’s advantages, combined with the category de-risking effect of Thacker Pass, position it as a next-generation investment opportunity in Nevada’s clay lithium space.

Looking Ahead: Domestic Lithium’s Role in Energy Transition

Lithium demand is set to grow rapidly as electric vehicles, battery storage, and renewable systems expand. Securing a high-quality, domestic supply is critical to maintaining U.S. leadership in clean energy technology.

Thacker Pass proves that commercial-scale sedimentary clay lithium is achievable. NNLP demonstrates the potential for even higher efficiency and superior economics within the same category. Together, these projects show how local resources can support the energy transition while providing compelling investment opportunities.

NNLP’s higher grades, near-surface mineralization, low strip ratio, and competitive OPEX position it as a leading asset within a now-validated category.

For NILI investors, the message is clear: the clay lithium category is no longer theoretical, and NNLP is positioned to capitalize on the proof-of-concept success. The best news of the year is here—and it’s grounded in both science and strategy.

READ MORE: China Cuts Battery Export Rebates, Sending Lithium Prices Up and Boosting NILI’s Role in Global Lithium Supply

DISCLAIMER

New Era Publishing Inc. and/or CarbonCredits.com (“We” or “Us”) are not securities dealers or brokers, investment advisers, or financial advisers, and you should not rely on the information herein as investment advice. Surge Battery Metals Inc. (“Company”) made a one-time payment of $75,000 to provide marketing services for a term of three months. None of the owners, members, directors, or employees of New Era Publishing Inc. and/or CarbonCredits.com currently hold, or have any beneficial ownership in, any shares, stocks, or options of the companies mentioned.

This article is informational only and is solely for use by prospective investors in determining whether to seek additional information. It does not constitute an offer to sell or a solicitation of an offer to buy any securities. Examples that we provide of share price increases pertaining to a particular issuer from one referenced date to another represent arbitrarily chosen time periods and are no indication whatsoever of future stock prices for that issuer and are of no predictive value.

Our stock profiles are intended to highlight certain companies for your further investigation; they are not stock recommendations or an offer or sale of the referenced securities. The securities issued by the companies we profile should be considered high-risk; if you do invest despite these warnings, you may lose your entire investment. Please do your own research before investing, including reviewing the companies’ SEDAR+ and SEC filings, press releases, and risk disclosures.

It is our policy that information contained in this profile was provided by the company, extracted from SEDAR+ and SEC filings, company websites, and other publicly available sources. We believe the sources and information are accurate and reliable but we cannot guarantee them.

CAUTIONARY STATEMENT AND FORWARD-LOOKING INFORMATION

Certain statements contained in this news release may constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information generally can be identified by words such as “anticipate,” “expect,” “estimate,” “forecast,” “plan,” and similar expressions suggesting future outcomes or events. Forward-looking information is based on current expectations of management; however, it is subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those anticipated.

These factors include, without limitation, statements relating to the Company’s exploration and development plans, the potential of its mineral projects, financing activities, regulatory approvals, market conditions, and future objectives. Forward-looking information involves numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking information. These risks and uncertainties include, among other things, market volatility, the state of financial markets for the Company’s securities, fluctuations in commodity prices, operational challenges, and changes in business plans.

Forward-looking information is based on several key expectations and assumptions, including, without limitation, that the Company will continue with its stated business objectives and will be able to raise additional capital as required. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended.

There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially. Accordingly, readers should not place undue reliance on forward-looking information. Additional information about risks and uncertainties is contained in the Company’s management’s discussion and analysis and annual information form for the year ended December 31, 2025, copies of which are available on SEDAR+ at www.sedarplus.ca.

The forward-looking information contained herein is expressly qualified in its entirety by this cautionary statement. Forward-looking information reflects management’s current beliefs and is based on information currently available to the Company. The forward-looking information is made as of the date of this news release, and the Company assumes no obligation to update or revise such information to reflect new events or circumstances except as may be required by applicable law.

Disclosure: Owners, members, directors, and employees of carboncredits.com have/may have stock or option positions in any of the companies mentioned: .

Carboncredits.com receives compensation for this publication and has a business relationship with any company whose stock(s) is/are mentioned in this article.

Additional disclosure: This communication serves the sole purpose of adding value to the research process and is for information only. Please do your own due diligence. Every investment in securities mentioned in publications of carboncredits.com involves risks that could lead to a total loss of the invested capital.

Please read our Full RISKS and DISCLOSURE here.

Microsoft May Shelve 2030 Clean Energy Target Amid AI Power Consumption Growth

Aiden Green

-

May 8, 2026

0

Microsoft May Shelve 2030 Clean Energy Target Amid AI Power Consumption Growth

Microsoft is reportedly reconsidering parts of its 2030 clean energy strategy, including its ambitious goal to match 100% of its electricity use with carbon-free energy on an hourly basis, Bloomberg reports.

The review arrives as AI infrastructure grows quickly. This surge is pushing electricity demand well past earlier forecasts.

Data Centers Become the New Power Giants

The company’s flagship commitment, known as the “100/100/0” goal, was announced in 2021. It aims to cover 100% of electricity use, 100% of the time, with zero-carbon energy bought from the same regional grids where the power is consumed. This is much stricter than annual matching, which allows renewable energy credits to balance energy use over a year, not just by the hour.

Microsoft has met its annual goal of matching 100% of its electricity use with renewable energy. This was mainly achieved through long-term power purchase agreements (PPAs). However, hourly matching requires far deeper coordination between real-time electricity demand and carbon-free supply.

Microsoft clean energy potfolio — Source: Microsoft

As AI workloads scale, this balance is becoming more difficult to maintain.

Global electricity demand from data centers is rising sharply, and AI is now the main driver of that growth. The International Energy Agency (IEA) predicts that global data center electricity use will hit about 945 terawatt-hours (TWh) by 2030. This is almost double the current levels. This would represent close to 3% of total global electricity demand.

Within that growth, AI is the fastest-expanding segment. The IEA predicts that electricity demand from AI-optimized data centers will rise over four times by 2030. This surge is fueled by extensive model training and inference tasks.

data center electricity demand due AI 2030 — Source: IEA

In the U.S., electricity use by data centers will rise by about 240 TWh by 2030. This is over a 130% increase from 2024 levels, based on industry analysis.

The IEA notes that data centers might make up over 20% of electricity demand growth in advanced economies by 2030. This means they could become a key source of power demand in today’s grids.

This structural shift is now directly impacting corporate clean energy strategies, especially for hyperscale technology firms.

The Hidden Gap Between Green Energy and AI Growth

Microsoft has built one of the largest corporate clean energy procurement portfolios in the world. The company has locked in over 40 gigawatts (GW) of renewable energy capacity. This spans 26 countries and includes more than 400 power purchase agreements (PPAs).

This includes partnerships with key developers. One example is a 10.5 GW agreement with Brookfield Renewable. This deal aims to speed up the renewable energy rollout while also giving multi-year demand signals for new projects.

Microsoft partners with over 20 energy firms. Each manages at least five renewable projects linked to its procurement pipeline. Several partners now have over 1 GW of contracted capacity each, linked to Microsoft demand. These investments help Microsoft reach its climate goals, including its promise to be carbon negative by 2030.

SEE MORE:

However, the company’s electricity demand is rising quickly due to AI infrastructure expansion. Large AI model training needs big computing clusters. These clusters run all the time and use much more energy than regular cloud tasks.

This creates a growing gap between clean energy procurement and real-time electricity usage.

Big Tech Faces a Structural Clean Energy Bottleneck

Microsoft’s challenge is not isolated. It reflects a broader structural issue across the technology sector. Despite strong renewable energy procurement activity, overall corporate clean power contracting has slowed.

BloombergNEF reports that corporate buyers signed contracts for about 55.9 GW of clean power in 2025. This is a 10% drop from last year. It’s the first big slowdown in nearly ten years.

However, large technology companies remain dominant buyers. Amazon, Microsoft, Google, and Meta together accounted for about 49% of global corporate clean energy PPA volumes in 2025. This concentration highlights how heavily AI-driven firms now influence renewable energy markets. The chart below shows these tech giants’ planned data center growth in MW.

Another shift is also emerging. These companies are looking more into nuclear energy contracts. Recently, these contracts made up about 23% of Amazon and Meta’s clean energy purchases.

This shows a rising need for baseload clean power. It offers a steady electricity supply, no matter the weather, which is crucial for AI data centers.

Policy Changes and Energy Accounting Rules Add Pressure

Regulatory and accounting frameworks are also evolving, increasing pressure on corporate clean energy strategies. The Greenhouse Gas (GHG) Protocol is the main global standard for tracking corporate emissions. It is now updating its Scope 2 emissions method.

Proposed changes could require companies to move toward:

Hourly matching of electricity consumption and clean energy supply,
More localized energy procurement rules, and
Stricter tracking of grid emissions data.

If implemented, these changes would make Microsoft’s hourly matching target more aligned with future reporting standards, but also significantly more difficult to achieve at scale. At the same time, policy uncertainty in major markets is affecting clean energy investment.

In the United States, corporate power purchase agreements (PPAs) hit a record 29.5 GW. However, the number of unique buyers dropped sharply to only 33 companies. This change shows tighter market conditions and uncertainty about tax credits and energy incentives.

From Annual Matching to Hourly Reality

The clean energy market is also shifting toward more reliable power structures. Developers are increasingly offering:

Hybrid solar and wind systems,
Co-located storage projects,
Long-term nuclear PPAs, and
Firm power contracts designed for 24/7 supply.

This trend is driven by the needs of AI data centers, which require constant electricity rather than intermittent supply. The IEA has warned that grid flexibility and firm clean power will become critical to managing rising electricity demand from digital infrastructure.

For hyperscale companies, this means a renewable energy strategy is no longer just about volume. It is now about timing, location, and reliability.

AI Is Redefining Corporate Climate Targets

Microsoft’s potential reassessment of its 2030 hourly clean energy goal highlights a wider shift in the global energy system. AI-driven electricity demand is growing faster than most long-term forecasts made just a few years ago.

At the same time, clean energy procurement is becoming more complex due to grid constraints, regulatory changes, and the need for continuous power supply.

Microsoft remains committed to its carbon-negative by 2030 goal. However, its situation illustrates a broader reality for the tech sector: clean energy targets are now colliding with the physical limits of electricity systems.

As AI continues to expand, the central challenge is no longer just sourcing renewable energy. It is matching clean electricity to real-time demand on a global scale. This tension is now shaping the next phase of corporate climate strategy across the world’s largest technology companies.

READ MORE: The Top 4 Clean Energy Stocks Dominating 2026 as AI Supercharges Power Demand

Lithium Price Surges 245% as China and Zimbabwe Supply Cuts Tighten Market

Jennifer L

-

May 8, 2026

0

Lithium Price Surges 245% as China and Zimbabwe Supply Cuts Tighten Market

Disseminated on behalf of Surge Battery Metals

The lithium market is shifting again. After a period of oversupply and price weakness, new disruptions are tightening supply in real time.

Two developments are driving this change: regulatory action in China and export restrictions in Zimbabwe. Together, they are bringing the lithium deficit narrative back into focus and reshaping how supply risk is assessed.

A New Supply Shock Emerges

In early 2026, Zimbabwe, Africa’s top lithium producer, suspended exports of lithium concentrates and other unprocessed minerals. The government cited malpractices and revenue leakages as the reason for the halt.

Now, exports are set to resume under tighter controls. According to Reuters, Zimbabwe will introduce export quotas and require mining companies to commit to local processing investments.

Key measures include:

Export quotas assigned to individual producers
A continued 10% export tax on lithium concentrates
A requirement to build local processing capacity before January 2027, when a full ban on concentrate exports is expected

Zimbabwe is a major player in the global supply chain. In 2025, the country sent 1.128 million metric tons of lithium-bearing spodumene concentrate to China. This made up about 15% of China’s imports.

Any disruption at that scale has an immediate global impact.

China Tightening Adds Pressure

At the same time, China is tightening its control over domestic lithium production. Industry reports from S&P Global Commodity Insights and Fastmarkets show that permit reviews and stricter environmental rules have impacted some operations. This is especially true for smaller or higher-cost mines.

China dominates global lithium processing and refining. When domestic supply slows or becomes less predictable, it affects the entire supply chain. This includes chemical conversion capacity, which is critical for producing battery-grade lithium.

Together, these developments are creating a short-term tightening effect in the market. Supply is becoming less flexible just as demand continues to grow.

Small Disruptions, Big Price Impacts

Lithium markets are highly sensitive to supply changes. Even small disruptions can affect pricing and availability.

The current situation highlights several key dynamics:

Supply is still concentrated in a few regions
Policy decisions can quickly impact global availability
Processing capacity is as important as raw material supply

Zimbabwe’s push for local processing reflects a broader trend. Resource-rich countries are seeking more value from their minerals instead of exporting raw materials. While this may support long-term development, it can reduce short-term supply to global markets.

At the same time, China’s role as the dominant processor means that changes within its domestic system ripple outward. This combination of upstream and downstream pressure is what makes the current situation notable.

From Glut to Squeeze in Just One Year

Just a year ago, lithium prices were under pressure. The market saw oversupply, driven by strong production growth and slower-than-expected EV demand in some regions.

Lithium prices fell to $8,259 per tonne in June 2025, before reaching $28,528 per tonne on May 8, 2026, representing a 245% increase in under a year.

Lithium price chart as at May 08, 2026 — Source: BLoomberg, CarbonCredits.com

Now, supply-side disruptions are shifting sentiment again. While the market is not yet in a severe deficit, the balance is tightening.

This shift reinforces a key point: lithium markets can move swiftly. Oversupply can quickly lead to tighter conditions, especially with policy and geopolitics at play.

Lithium Becomes a Strategic Battleground

The current supply story is not just about mining. It is about geopolitics and control over critical materials.

Zimbabwe’s lithium sector is heavily influenced by Chinese companies, including major operators that dominate production and processing investments.

One of the biggest players is Zhejiang Huayou Cobalt, which operates the Arcadia lithium project and runs both mining and processing facilities. Sinomine Resource Group is another major operator, managing the Bikita lithium mine and expanding processing capacity.

Chengxin Lithium Group is also active in mining and processing, while Yahua (Sichuan Yahua Industrial Group) is building lithium sulfate plants in the country. Even Tsingshan Holding Group has invested in Zimbabwe’s lithium projects. Together, these companies dominate the industry and shape how the country’s lithium resources are developed.

This creates a concentrated supply chain, where decisions in one country can affect availability in another. For governments and industry players, this raises concerns about the security of supply.

As a result, there is an increasing focus on diversification and domestic sourcing. Countries want to rely less on single regions or supply chains. This is especially true for materials needed for energy transition and tech infrastructure.

SEE MORE: GM Bets $625 Million on Nevada Lithium Clay: What It Signals for the Next U.S. Project

U.S. Domestic Projects Gain Strategic Edge

These global disruptions are highlighting the value of stable, domestic lithium resources. Projects located in secure jurisdictions are becoming more important as supply risks increase across regions like Africa and parts of Asia.

In the United States, Nevada stands out as a key lithium hub. It offers scale, infrastructure, and a well-established mining framework. Within this context, Surge Battery Metals’ (TSX-V: NILI | OTCQX: NILIF) Nevada North Lithium Project (NNLP) provides a clear example of how domestic supply can align with evolving market needs.

NNLP is not just defined by location, but by scale and economics. The 2025 Preliminary Economic Assessment shows a 42-year mine life, with estimated average annual production at around 86,300 tonnes of lithium carbonate equivalent (LCE). It is expected to produce around 3.6 million tonnes of battery-grade LCE over its lifetime. This positions it as one of the longer-lasting lithium supply assets in North America.

The project is also supported by a large resource base. Current estimates point to more than 11 million tonnes of lithium carbonate equivalent (inferred resource), with mineralization extending across a broad, near-surface footprint. This near-surface shape allows for a regular open-pit mining method. This can make development easier and boost efficiency in operations over time.

Grade is another key factor. NNLP reports an average lithium grade of around 3,010 ppm, with some zones exceeding 4,000 ppm. This positions the project among the higher-grade clay lithium resources in the United States. Higher grades can lead to better recovery efficiency. They also lower processing intensity per tonne, which matters in a cost-sensitive commodity market.

From an economic perspective, the project shows strong baseline metrics. Surge Battery Metals’ PEA shows an after-tax net present value of about $9.2 billion. It also indicates an internal rate of return of 22.8%, based on a lithium price assumption of $24,000 per tonne. The estimated operating cost is around $5,243 per tonne LCE, supporting its positioning as a potential low-cost producer.

Additional factors reinforcing NNLP’s relevance in the market:

Large-scale footprint, with mineralization extending over more than 4 km of strike length
Open-pit design, targeting shallow, high-grade zones in early production phases
Two-phase development plan, allowing production to scale over time
Domestic processing pathway, supporting U.S. supply chain goals

Together, these characteristics position NNLP as a long-duration, scalable lithium source. It aligns with the needs of various demand drivers, including EVs, grid storage, and industrial applications.

In a market increasingly shaped by geopolitical risk, projects like NNLP represent more than just supply. They offer jurisdictional stability, long-term visibility, and alignment with domestic sourcing strategies.

These attributes are key to evaluating lithium assets as supply disruptions continue to emerge globally.

The New Reality: Volatility, Policy, and Power

The lithium market is entering a new phase. Demand is expanding, driven by EVs, grid storage, and data center infrastructure. At the same time, supply is becoming more complex and more sensitive to policy decisions.

The recent actions in China and Zimbabwe show how quickly the balance can shift. They also highlight the importance of diversification, transparency, and long-term planning in lithium supply chains.

For investors and industry participants, the takeaway is clear: The lithium deficit narrative is returning, not just because of demand growth, but because of real-world supply constraints.

In this environment, projects that offer scale, longevity, and jurisdictional stability are likely to play a larger role in meeting future demand.

READ MORE: Surge Battery Metals Strengthens Nevada North With High-Grade Expansion and Infill Success

DISCLAIMER

New Era Publishing Inc. and/or CarbonCredits.com (“We” or “Us”) are not securities dealers or brokers, investment advisers, or financial advisers, and you should not rely on the information herein as investment advice. Surge Battery Metals Inc. (“Company”) made a one-time payment of $75,000 to provide marketing services for a term of three months. None of the owners, members, directors, or employees of New Era Publishing Inc. and/or CarbonCredits.com currently hold, or have any beneficial ownership in, any shares, stocks, or options of the companies mentioned.

This article is informational only and is solely for use by prospective investors in determining whether to seek additional information. It does not constitute an offer to sell or a solicitation of an offer to buy any securities. Examples that we provide of share price increases pertaining to a particular issuer from one referenced date to another represent arbitrarily chosen time periods and are no indication whatsoever of future stock prices for that issuer and are of no predictive value.

Our stock profiles are intended to highlight certain companies for your further investigation; they are not stock recommendations or an offer or sale of the referenced securities. The securities issued by the companies we profile should be considered high-risk; if you do invest despite these warnings, you may lose your entire investment. Please do your own research before investing, including reviewing the companies’ SEDAR+ and SEC filings, press releases, and risk disclosures.

It is our policy that information contained in this profile was provided by the company, extracted from SEDAR+ and SEC filings, company websites, and other publicly available sources. We believe the sources and information are accurate and reliable but we cannot guarantee them.

CAUTIONARY STATEMENT AND FORWARD-LOOKING INFORMATION

Certain statements contained in this news release may constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information generally can be identified by words such as “anticipate,” “expect,” “estimate,” “forecast,” “plan,” and similar expressions suggesting future outcomes or events. Forward-looking information is based on current expectations of management; however, it is subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those anticipated.

These factors include, without limitation, statements relating to the Company’s exploration and development plans, the potential of its mineral projects, financing activities, regulatory approvals, market conditions, and future objectives. Forward-looking information involves numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking information. These risks and uncertainties include, among other things, market volatility, the state of financial markets for the Company’s securities, fluctuations in commodity prices, operational challenges, and changes in business plans.

Forward-looking information is based on several key expectations and assumptions, including, without limitation, that the Company will continue with its stated business objectives and will be able to raise additional capital as required. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended.

There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially. Accordingly, readers should not place undue reliance on forward-looking information. Additional information about risks and uncertainties is contained in the Company’s management’s discussion and analysis and annual information form for the year ended December 31, 2025, copies of which are available on SEDAR+ at www.sedarplus.ca.

The forward-looking information contained herein is expressly qualified in its entirety by this cautionary statement. Forward-looking information reflects management’s current beliefs and is based on information currently available to the Company. The forward-looking information is made as of the date of this news release, and the Company assumes no obligation to update or revise such information to reflect new events or circumstances except as may be required by applicable law.

Disclosure: Owners, members, directors, and employees of carboncredits.com have/may have stock or option positions in any of the companies mentioned: None.

Carboncredits.com receives compensation for this publication and has a business relationship with any company whose stock(s) is/are mentioned in this article.

Additional disclosure: This communication serves the sole purpose of adding value to the research process and is for information only. Please do your own due diligence. Every investment in securities mentioned in publications of carboncredits.com involves risks that could lead to a total loss of the invested capital.

Please read our Full RISKS and DISCLOSURE here.

Hydrogen Jet Breakthrough at NASA: Rolls-Royce and easyJet Push Aviation Toward Zero-Carbon Flight

Jennifer L

-

May 8, 2026

0

Hydrogen Jet Breakthrough at NASA: Rolls-Royce and easyJet Push Aviation Toward Zero-Carbon Flight

Rolls-Royce and easyJet have finished a hydrogen engine flight cycle test at a NASA facility. This is a big step for zero-carbon aviation research. The test looked at how a hydrogen-powered aircraft engine works in various flight conditions. This included changes in thrust and engine load. The results were shared through Aerospace Global News.

The work forms part of a wider collaboration between the aerospace industry, airlines, and research institutions to explore hydrogen as a future aviation fuel.

Rolls-Royce has been developing hydrogen combustion technology for several years. easyJet, a low-cost European airline, has also been investing in long-term decarbonization options as it targets net-zero emissions.

NASA’s involvement highlights the global nature of the project. The agency provides advanced testing facilities that simulate real-world flight conditions without leaving the ground.

The test does not mean hydrogen aircraft are ready for commercial use. However, it shows that hydrogen engines can operate through a full simulated flight cycle, which is an important technical milestone.

How Hydrogen Aviation Technology Works

Hydrogen aviation is being explored in two main forms: hydrogen combustion engines and hydrogen fuel cells. In this case, Rolls-Royce is focusing on hydrogen combustion, where hydrogen is burned in a modified jet engine instead of kerosene. The goal is to produce thrust while emitting only water vapor at the point of combustion.

Hydrogen has a major advantage. When used as fuel, it produces no direct carbon dioxide emissions. However, it also comes with major technical challenges.

Hydrogen has a very low energy density by volume. It must be stored at extremely low temperatures (liquid hydrogen at around -253°C) or under high pressure. This requires redesigned fuel systems and larger storage tanks.

Aircraft design must also change. Hydrogen takes up more space than jet fuel, which affects range and aircraft structure. Engine control systems also need adjustment. Hydrogen burns differently from kerosene, which affects combustion speed and temperature.

Despite these challenges, aerospace companies are continuing to develop because aviation is one of the hardest sectors to decarbonize.

Aviation’s Emissions Problem Is Getting Harder to Ignore

Air travel is a growing source of global emissions. According to the International Civil Aviation Organization (ICAO), aviation accounts for about 2–3% of global CO₂ emissions. However, its overall climate impact is higher when including non-CO₂ effects such as contrails.

Airline aviation sector ghg emissions 2024 IATA — Source: IATA

At the same time, demand for air travel continues to rise. The International Air Transport Association (IATA) predicts that global passenger traffic will nearly double by 2040. This growth will mainly come from Asia and emerging markets.

This creates a major challenge. Even with efficiency improvements, total emissions could rise without new fuel technologies.

Sustainable aviation fuel (SAF) is currently the main short-term solution. SAF can cut lifecycle emissions by up to 80% compared to regular jet fuel. This change depends on the feedstock and how it’s made.

However, SAF supply remains limited. IATA estimates that SAF production is still less than 1% of total jet fuel demand. The supply gap is driving the industry to look into new technologies. This includes hydrogen and electric propulsion for shorter routes.

NASA Testing Strengthens Hydrogen Development Path

NASA plays a key role in aviation research and decarbonization technology. Its testing facilities let engineers simulate extreme flight conditions. They can measure engine performance, fuel efficiency, and emissions.

The Rolls-Royce and easyJet hydrogen engine test is part of a broader push by NASA to support zero-emission aviation concepts. The agency has also worked with other aerospace companies on electric aircraft, hybrid propulsion systems, and advanced fuel technologies.

Hydrogen testing at this level is crucial. It checks if engines can run safely and reliably in various conditions. It also helps identify engineering gaps before full-scale aircraft development begins.

The aerospace industry typically moves slowly due to strict safety and certification requirements. Each stage of testing is required before commercial deployment is possible.

RELATED: Google Expands SAF Strategy with Amex GBT and Shell Aviation to Cut Aviation Emissions

Rolls-Royce and easyJet Net Zero Goals

Both Rolls-Royce and easyJet have set long-term climate targets.

Rolls-Royce has committed to reaching net-zero carbon emissions by 2050 across its operations and products. The company is also investing in cleaner propulsion systems, including hydrogen, electric, and hybrid-electric technologies.

Rolls Royce net zero targets — Source: Rolls-Royce

Its aerospace division focuses on improving engine efficiency and developing new power systems that can reduce fuel consumption and emissions. Here are the company’s net zero targets:

easyJet has also committed to net-zero emissions by 2050. The airline has cut carbon emissions per passenger-kilometer by over 30% since 2000. This change comes mainly from updating its fleet and improving operations.

easyjet net zero roadmap — Source: easyJet

However, aviation remains difficult to decarbonize. Aircraft have long lifespans, often operating for 20–30 years. This slows the transition to new technology. To bridge this gap, airlines are investing in multiple solutions at the same time:

Fleet renewal with more fuel-efficient aircraft,
Use of sustainable aviation fuel (SAF), and
Research into hydrogen and electric propulsion.

easyJet has also entered partnerships with aircraft manufacturers and technology companies to explore future zero-emission aircraft designs. Rolls-Royce, meanwhile, is positioning itself as a long-term supplier of advanced propulsion systems for next-generation aviation.

The Roadblocks Standing Between Hydrogen and Commercial Flight

Hydrogen aviation is still in the early development stage, but global interest is rising.

The European Union, the United States, and several Asian countries are funding hydrogen research programs. Governments see hydrogen as a potential solution for hard-to-decarbonize sectors, including aviation, shipping, and heavy industry.

Airbus has also launched its ZEROe program, aiming to develop a hydrogen-powered commercial aircraft by the mid-2030s. However, the company has recently adjusted timelines, reflecting technical challenges in hydrogen storage, infrastructure, and certification.

Industry forecasts suggest that hydrogen aircraft will likely enter the market first in regional or short-haul routes before expanding further. But key challenges remain, including:

Lack of hydrogen production infrastructure at airports,
High cost of green hydrogen compared to jet fuel,
Need for redesigned aircraft and engine systems, and
Certification and safety approval timelines.

Despite these barriers, investment is increasing. According to the Hydrogen Council, global hydrogen investment commitments have reached $680 billion in announced projects through 2030, covering production, transport, and end-use applications.

As of the latest updates, this committed capital has passed $110 billion across more than 500 mature projects worldwide. Meanwhile, the current project pipeline could support up
to 14 mtpa of clean hydrogen capacity by the decade’s end.

clean hydrogen committed capital — Source: Hydrogen Council

Aviation is expected to be a smaller but strategic part of this broader hydrogen economy.

A Multi-Fuel Future for Aviation Is Taking Shape

The Rolls-Royce and easyJet hydrogen engine test reflects a broader shift in aviation. The sector is under pressure from governments, investors, and consumers to reduce emissions. At the same time, demand for air travel continues to grow.

This creates a structural challenge. Efficiency improvements alone are not enough to meet long-term climate goals. As a result, the industry is moving toward a multi-path approach:

SAF for near-term emission cuts,
Hydrogen for long-term zero-carbon flight, and
Electric propulsion for short regional routes.

Each technology is still developing, and none is ready to fully replace jet fuel today. However, tests like the NASA hydrogen engine trial show that progress is moving from theory to real-world engineering.

For Rolls-Royce and easyJet, the results support long-term plans to transform aviation into a lower-carbon industry.

For the wider market, it signals that hydrogen is now entering practical testing inside real aerospace systems, even if commercial use is still years away.

READ MORE: Heathrow Boosts 2026 Sustainable Aviation Fuel (SAF) Incentive 2% Above UK Government Mandate

Apple Deepens India Clean Energy Push With $10.6 M Investment as 2030 Climate Deadline Nears

Jennifer L

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May 8, 2026

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Apple Deepens India Clean Energy Push With $10.6 M Investment as 2030 Climate Deadline Nears

Apple is increasing its clean energy investments in India as the company moves closer to its 2030 carbon neutrality target. The tech giant plans to invest about Rs 100 crore (around $10.6 million) to boost renewable energy in India. The investment will support clean electricity projects linked to Apple’s operations and supply chain in the country.

The move comes as India becomes more important to Apple’s manufacturing and supply chain strategy. In recent years, the iPhone maker has grown its production partnerships in the country. They work with suppliers like Foxconn, Pegatron, and Tata Electronics.

Sarah Chandler, Apple’s VP of environment and supply chain innovation, posted:

“At Apple, our commitment to the environment is also a driving force for innovation — across the company and around the world. We’re proud to expand our efforts to invest in India’s clean energy economy and protect the country’s precious natural resources.”

At the same time, Apple is under pressure to reduce emissions across its global value chain. Most of the company’s carbon footprint comes from manufacturing, logistics, and product use rather than its direct operations.

Why India Has Become Critical to Apple’s Global Supply Chain

India now plays a growing role in both challenges: manufacturing growth and emissions reduction. The new investment will help boost renewable electricity for suppliers and facilities linked to Apple’s growing operations in India.

Apple’s clean energy investment is closely tied to its broader manufacturing expansion in India. The company has steadily increased iPhone production in the country as it diversifies beyond China.

India now makes up about 25% of global iPhone production. This is a big jump from just a few years ago, when the numbers were very low.

Bloomberg reported that Apple made about $22 billion in iPhones in India for the year ending March 2025. This is nearly a 60% rise from the previous year. This shows how fast India is growing in Apple’s supply chain.

Apple production in India 2025 bloomberg — Source: Bloomberg

India’s government has also supported electronics manufacturing growth through incentive programs such as the Production Linked Incentive (PLI) scheme. However, rising manufacturing activity also increases electricity demand.

India’s power grid still relies heavily on coal, which generated around 74% of the country’s electricity in 2024, according to the Ministry of Coal data. This creates a major emissions challenge for companies trying to expand manufacturing while meeting climate goals.

As a result, multinational companies are increasingly investing directly in renewable energy projects tied to their supply chains. For Apple, clean energy procurement in India is becoming both an operational and climate strategy.

The iPod maker is also expanding environmental programs beyond electricity procurement. The company has partnered with WWF India on conservation and sustainability initiatives focused on clean energy awareness and environmental protection.

Apple has also backed community programs focused on water care and sustainable jobs in areas linked to its supply chain. These initiatives reflect a broader strategy. Apple aims to reduce emissions from manufacturing. It also wants to boost environmental resilience in communities tied to its operations.

For Apple, clean energy investment in India is becoming both an operational strategy and a long-term climate commitment.

Apple’s 2030 Climate Strategy Depends on Supply Chain Emissions Cuts

Apple aims to be carbon neutral in its business, manufacturing, and product life cycle by 2030. The company reports that over 75% of its carbon emissions come from making products, also called Scope 3 emissions. So, decarbonizing suppliers is key to meeting its climate goals.

Apple carbon footprint 2025 — Source: Apple

Apple announced that its global greenhouse gas emissions have dropped by over 55% since 2015. This decrease happened while revenue and product shipments grew.

Apple carbon neutrality 2030 progress — Source: Apple

To speed up reductions, Apple started its Supplier Clean Energy Program. This program encourages manufacturing partners to switch to renewable energy. Over 320 suppliers worldwide have joined the program, based on Apple’s recent environmental report.

Together, these suppliers have committed to using 100% renewable electricity for Apple production. Several Apple suppliers in India are already participating.

The company has also increased the use of recycled materials in products and packaging. Apple reports that many new products now use recycled rare earth materials, aluminum, and cobalt in batteries.

SEE MORE: Apple’s 2026 Environmental Report: 30% Recycled Materials Shows a Milestone in Circular Manufacturing

In addition, the company aims to reduce emissions through:

Lower-carbon shipping methods,
Energy-efficient product design,
Reduced packaging materials, and
Expanded recycling systems.

These efforts form part of Apple’s broader environmental roadmap leading to 2030.

India’s Renewable Energy Boom Attracts Global Tech Giants

Apple’s investment also reflects the broader growth of India’s renewable energy sector. India is now one of the world’s fastest-growing clean energy markets. The country has set a target of reaching 500 gigawatts (GW) of non-fossil fuel electricity capacity by 2030.

India’s Ministry of New and Renewable Energy reports that renewable energy capacity has exceeded 190 GW. This includes projects in solar, wind, hydro, and biomass. Solar energy is leading much of the expansion.

India added a lot of solar capacity in recent years. This happened as costs went down and demand for electricity from companies grew. Major global companies in India are signing more renewable energy deals. This enables them to cut down on emissions.

Meanwhile, electricity demand in India is rising. This is due to economic growth, more industrial activity, urbanization, and the expansion of digital infrastructure.

The International Energy Agency (IEA) expects India to have one of the biggest rises in global electricity demand over the next 10 years, averaging 6.4% annual growth rate through 2030. This creates both opportunity and pressure. The country must expand electricity generation rapidly while also reducing dependence on coal-fired power.

As a result, corporate renewable energy investments are becoming more important in supporting India’s energy transition.

RELATED: India’s Solar and Renewable Energy Outlook to 2030: Impact of the US-India 18% Tariff Cut on Exports

Tech Companies Increase Focus on Clean Energy Procurement

Apple is not alone in expanding renewable energy investments in India and other emerging markets. Amazon, Google, Microsoft, and Meta are also boosting clean electricity purchases. This change comes as AI, cloud computing, and electronics manufacturing raise global power demand.

These companies are some of the largest buyers of renewable energy in the world. They achieve this through power purchase agreements (PPAs), solar projects, and grid partnerships.

Meanwhile, climate reporting standards are becoming stricter across the European Union, the United States, and Asia. Companies now need verifiable emissions reductions linked to their operations and supply chains.

Apple’s India Strategy Connects Manufacturing and Climate Goals

For Apple, expanding renewable energy access in India supports both its manufacturing growth and long-term climate goals. Its latest investment shows how closely manufacturing expansion and climate strategy are now linked.

India is growing as one of Apple’s top production hubs. However, its coal-heavy power system poses emission challenges for manufacturers. Renewable energy investments are now key to supply chain planning, not just sustainability efforts.

Challenges remain, including rising electricity demand, grid expansion, and energy storage needs. Still, investment momentum continues to grow.

For Apple, the Rs 100 crore investment is small compared to its global spending, but it shows a bigger trend: reliable low-carbon electricity is key for the future of manufacturing and tech infrastructure.

READ MORE: Apple Beats ‘Carbon Neutral’ Lawsuit, But Greenwashing Scrutiny Is Heating Up

Singapore and the Philippines Launch Historic Article 6 Carbon Credit Deal, Boosting Climate Finance in Asia

Jennifer L

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May 7, 2026

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Singapore and the Philippines Launch Historic Article 6 Carbon Credit Deal, Boosting Climate Finance in Asia

Singapore and the Philippines have signed a major carbon credit agreement, which could reshape climate finance in Southeast Asia. The deal is the first bilateral carbon credit partnership between the two countries under Article 6 of the Paris Agreement.

The framework will allow Singapore to buy high-quality carbon credits from projects in the Philippines. In return, the projects will receive funding for emissions reduction and climate programs.

The deal shows how international carbon markets are becoming a larger part of global climate policy. Many countries now use carbon credits to help meet net-zero goals. The credits also help fund clean energy, forest restoration, and climate adaptation projects.

Southeast Asia will likely be one of the fastest-growing regions for these investments. This is due to its abundant renewable energy resources and natural carbon sinks.

Inside the Landmark Singapore-Philippines Climate Deal

Singapore and the Philippines both say the agreement will support emissions cuts while creating economic and environmental benefits. Grace Fu, Singapore’s Minister for Sustainability and the Environment and Minister-in-charge of Trade Relations, said:

“Singapore and the Philippines share a strong and longstanding partnership… This Agreement will deepen collaboration between our two countries, channel climate finance towards impactful projects in the Philippines, and unlock new opportunities in carbon markets for businesses and local communities.”

Juan Miguel T. Cuna, the Philippines’ Department of Environment and Natural Resources Secretary, remarked:

“The signing of our Implementation Agreement marks a significant step forward in our shared pursuit of a low-carbon and climate-resilient future for our region…For the Philippines, entering into this Implementation Agreement under Article 6.2 is a strategic decision – one grounded in our national priorities, our development aspirations, and our commitment to global climate action.”

The deal creates a legal framework for cross-border carbon credit trading under Article 6.2 of the Paris Agreement. Article 6 allows countries to cooperate on emissions reductions by transferring carbon credits between nations. These credits are called “internationally transferred mitigation outcomes” or ITMOs.

Carbon Credit generation article 6 — Source: UNFCCC

Under the agreement, Singapore-based companies can buy carbon credits from approved projects in the Philippines. These projects can include:

Renewable energy,
Mangrove restoration,
Reforestation,
Waste management, and
Other actions that cut or eliminate greenhouse gas emissions.

The Philippine government will authorize selected projects. It will also oversee environmental safeguards and emissions accounting rules.

Singapore’s Ministry of Trade and Industry said this deal will diversify the country’s decarbonization strategy. It will also support climate action in the region.

This is Singapore’s sixth Article 6 agreement. The country already has similar partnerships with Ghana, Papua New Guinea, Bhutan, Peru, and Chile.

SEE MORE: Singapore’s $1 Billion Carbon Credit Push: A New Path to Net Zero?

Singapore Is Expanding Its Carbon Market Strategy

Singapore has become one of Asia’s largest carbon market hubs. The country introduced Southeast Asia’s first national carbon tax in 2019. The tax applies to large facilities that produce at least 25,000 tonnes of greenhouse gas emissions each year.

The Asian nation plans to raise the carbon tax from S$25 per tonne today to between S$50 and S$80 per tonne by 2030. To help companies manage costs, Singapore allows businesses to use eligible international carbon credits to offset up to 5% of taxable emissions.

singapore carbon tax increase — Source: Image from S&P Global

That policy is increasing demand for high-quality carbon credits across Asia.

Singapore has also committed to reaching net-zero emissions by 2050. The government says carbon markets will help with other climate tools. These include renewable energy, energy efficiency, and low-carbon technologies.

The country faces significant energy constraints due to its small land area. Singapore imports most of its energy and has limited space for large solar or wind projects. Because of this, international carbon markets are becoming more important to its climate strategy.

Singapore is also trying to become a global center for carbon trading and climate finance. The country already hosts several large carbon credit exchanges and climate finance firms. These include Climate Impact X. It’s a global carbon marketplace supported by DBS Bank, Singapore Exchange, Standard Chartered, and Temasek.

Why the Philippines Could Become a Major Carbon Credit Supplier

For the Philippines, the agreement could bring new foreign investment into climate and environmental projects. The country is highly vulnerable to climate change. The World Risk Index shows that the Philippines often ranks among the world’s most disaster-prone countries. This is due to typhoons, floods, and rising sea levels.

At the same time, the Philippines has strong renewable energy and nature-based carbon potential. The country has one of the world’s largest geothermal industries. It also has major opportunities in solar, wind, mangrove restoration, and tropical forestry.

RELATED: Philippines Taps Blue Carbon and Biodiversity Credits to Protect Coasts and Climate

According to the Department of Energy, the Philippines aims to increase the renewable energy share of its power mix to 35% by 2030 and 50% by 2040.

The government aims to cut greenhouse gas emissions by up to 75% by 2030. This goal is part of its Nationally Determined Contribution. However, much of that target depends on international financial support.

philippines NDC and emission reduction target — Source: Image from Climate Action Tracker

Carbon finance could help support those goals. Carbon market projects can create jobs, boost biodiversity, restore forests, and enhance climate resilience. Nature-based projects are expected to play a major role here.

The Philippines has vital mangrove and tropical forest ecosystems. These ecosystems absorb a lot of carbon dioxide. Mangroves are especially valuable because they store carbon more efficiently than many land forests.

Carbon Markets Are Expanding Across Southeast Asia

The Singapore-Philippines agreement comes as global carbon markets continue to grow. According to MSCI Carbon Markets, the voluntary carbon market was worth about $2 billion in recent years. Some forecasts suggest the market might surpass $100 billion each year. This could happen as climate rules strengthen and more countries commit to net-zero goals.

Today, over 140 countries have set net-zero targets. These goals cover about 90% of the world’s GDP, says the United Nations. Large companies are buying more carbon credits. They do this to offset emissions from sectors like aviation, shipping, heavy industry, and supply chains.

Southeast Asia will likely be a key carbon credit hub. This is due to its forests, mangroves, peatlands, and renewable energy resources. Industry estimates the region may need more than $1 trillion in climate investment by 2030. Carbon markets could help provide part of that funding.

Countries including Indonesia, Vietnam, Thailand, and Malaysia are also developing carbon trading systems and Article 6 frameworks.

However, investors still want better monitoring systems, clearer verification standards, and stronger environmental safeguards. They have concerns that some carbon credits exaggerate climate benefits.

Supporters believe Article 6 agreements could address this concern and boost market credibility. They offer government oversight, formal accounting rules, and safeguards against double-counting.

Carbon Finance Is Becoming Central to Net-Zero Strategies

The Singapore-Philippines agreement shows how carbon markets are becoming more connected to national climate strategies. The deal could also help increase climate finance flows into Southeast Asia. International carbon markets could help provide additional funding alongside public and private investments.

For Singapore, the agreement strengthens its position as a regional climate finance hub.

For the Philippines, this could attract new investment in renewable energy, forestry, and climate resilience projects. It would also help meet the country’s long-term emissions goals.

More importantly, the partnership reflects a larger global trend. Carbon markets are shifting from small pilot systems to larger, government-backed frameworks. These new systems connect directly to national net-zero goals and international climate efforts.

READ MORE: $100B at Stake: New Joint Venture Builds Digital Backbone for Article 6 Carbon Markets

Boom-Bust-Bounce: Understanding Nickel’s Latest Price Cycle

Saptakee S

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May 7, 2026

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Boom-Bust-Bounce: Understanding Nickel’s Latest Price Cycle

Nickel’s latest price cycle is more than just a story of volatility. It shows how fast sentiment can flip in a market now shaped by policy, supply control, and long-term energy transition demand. The sharp move from a deep slump in late 2025 to a strong rebound in early 2026 has forced investors to rethink how they value nickel assets.

Let’s take a ride through nickel’s roller coaster journey.

Nickel Price Crash to Recovery: What Triggered the 2025–2026 Market Swing?

The downturn began with oversupply. By late 2025, nickel prices had dropped to around $14,000–$15,000 per tonne. A surge in production from Indonesia flooded the market and pushed prices lower. According to Reuters, prices touched near $14,235 per tonne during this phase. Producers struggled, margins shrank, and sentiment turned weak.

Then came the reversal.

Indonesia’s Supply Moves Drive Nickel Price Rebound

In early 2026, Indonesia changed the game. The country tightened mining quotas, slowed permits, and signaled more control over supply. Since Indonesia accounts for more than half of global nickel output, even small policy shifts had a big impact.

Global nickel prices paused at $18,942.75 per ton, posting a 0.00% change as the market consolidates. Recent upward momentum stalled due to investor profit-taking and easing US-Iran tensions, deflating short-term risk premiums. Despite today's flat movement, structural fundamentals remain heavily supported. Strict Indonesian ore production quotas and ongoing refining disruptions caused by a global sulfur supply squeeze continue to reinforce a strong price floor, keeping the underlying market outlook highly resilient.

Here’s a complete one-year presentation of the nickel price cycle:

Nickel Spot Price

Unit: USD/Tonne

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This sharp move from bust to bounce highlights a key shift. Nickel is no longer just driven by demand. It is now heavily influenced by policy—especially from Indonesia.

CLICK HERE TO CHECK: LIVE NICKEL PRICES

Nickel’s Two Stories: Industrial Metal vs EV Battery Metal

This boom-bust-bounce cycle also reveals something deeper. Nickel now lives a “dual life.”

In the short term, it behaves like a traditional industrial metal. Most nickel still goes into stainless steel, so prices depend on construction activity, manufacturing, and China’s economy. When industrial demand slows, nickel prices fall quickly.

But in the long term, nickel is becoming a critical battery metal. It is a key input for EV batteries, especially high-purity Class 1 nickel used in NCM (nickel-cobalt-manganese) cathodes. This is where the real growth story lies.

According to forecasts from the International Energy Agency, global EV sales could cross 20 million units annually in the coming years. As a result, nickel demand could double by 2030. It creates a strong long-term tailwind.

But there is a problem—supply is struggling to keep up.

Nickel Supply Challenges: Indonesia Dominance and ESG Pressures

Even though Indonesia dominates more than 50% of global nickel production, not all of it is suitable for batteries. Producing battery-grade nickel requires complex processing, especially through HPAL (High Pressure Acid Leach) technology.

And this is where bottlenecks appear.

HPAL projects are expensive, difficult to scale, and often face environmental concerns. At the same time, Western mining companies are dealing with strict ESG regulations, rising costs, and long permitting timelines. These challenges are slowing new supply growth outside Indonesia.

So, while the market may look oversupplied today, the long-term picture is less certain. If demand keeps rising and supply struggles to scale, the market could tighten quickly.

Why Nickel Projects Are Slowing Despite Strong Demand Outlook

This uncertainty explains why many nickel projects are not moving forward. Companies are cautious. Prices are still volatile, and committing billions of dollars in such an environment is risky. As per analysts, this is why several producers have delayed or scaled back projects due to cost pressures and unclear price signals.

Instead of rushing into production, many companies are focusing on de-risking their assets. They are improving project economics, advancing studies, and waiting for better market conditions.

At the same time, investors are changing their approach.

Exploration Assets Become “Long Option” Plays in Nickel Market

Rather than focusing on near-term production, investors are now looking at exploration-stage assets as long-term opportunities. These assets are being treated as “optionality” plays.

The idea is simple. Investors enter early, when valuations are low and sentiment is weak, and wait for a stronger price cycle. This is exactly where Alaska Energy Metals fits in.

Alaska Energy Metals’ Nikolai Project Stands Out

AEMC’s Nikolai project is not designed for today’s market. It is built for the future.

The project offers two key advantages: location and scale. Located in Alaska, it benefits from strong infrastructure potential, including access to roads, ports, and possible hydro power. This is a major advantage compared to remote or politically risky regions.

At the same time, Nikolai hosts a multi-billion-pound nickel resource. This scale matters. In a future supply-constrained market, large deposits become highly valuable.

The company is also advancing toward a Preliminary Economic Assessment (PEA), which will help define the project’s economics and development pathway.

Nikolai’s Economics: Built for Higher Nickel Prices

What makes Nikolai particularly interesting is how it performs under different price scenarios. Notably, at a more conservative long-term price of $18,000-$20,000 per tonne, the economics start to look strong. The project benefits from:

Low strip ratios
Large-scale resource base
Additional value from byproducts like copper, cobalt, and platinum group elements (PGEs)

These factors improve overall project returns and reduce risk over time. And if prices move higher, the upside becomes even more significant.

MUST READ: From Oversupply to Opportunity: AEMC’s Nickel Upside in a Tightening Market

Nickel Price Outlook: Can Prices Reach $25,000?

Some market forecasts suggest that nickel could enter a deficit later this decade. If that happens, prices could rise well above current levels.

Recently, Oregon Group projected that nickel prices could climb as high as $25,000 per tonne if supply tightens in the coming years. However, for now, a more realistic and stable price range is likely to stay between $20,000 and $22,000 per tonne.

This is where the “long options” strategy becomes clear.

AEMC is not betting everything on today’s market. Instead, it is positioning itself for a future where:

EV demand continues to grow
Supply remains constrained
Prices move into a stronger range

Investors entering at current valuations are essentially buying exposure to that future upside.

Final Take: Volatility Today, Opportunity Tomorrow

Nickel’s boom-bust-bounce cycle has exposed how fragile and fast-moving the market can be. Prices fell sharply due to oversupply, then rebounded just as quickly when Indonesia tightened control.

But beneath this volatility lies a bigger shift.

Nickel is transitioning from a traditional industrial metal to a strategic resource for the energy transition. In the short term, it will continue to react to economic cycles. In the long term, it is driven by EV demand and supply constraints.

For Alaska Energy Metals, this shift creates a clear opportunity. The company is not chasing short-term gains. It is building a large, scalable asset that can deliver value in a tighter future market.

If nickel does move into a deficit and prices rise toward $20,000–$25,000, projects like Nikolai could become highly valuable.

In that sense, today’s uncertainty may actually be the best entry point. Because in the nickel market, the biggest rewards often come to those who position early—and wait.

ALSO READ: Nickel Demand for EVs Could Flip the 2030 Market Balance
LATEST: EV Batteries Need Nickel: Why Class 1 Supply Is Becoming Critical Amid Global Conflict

DISCLAIMER

New Era Publishing Inc. and/or CarbonCredits.com (“We” or “Us”) are not securities dealers or brokers, investment advisers, or financial advisers, and you should not rely on the information herein as investment advice. Alaska Energy Metals. (“Company”) made a one-time payment of $90,000 to provide marketing services for a term of three months. None of the owners, members, directors, or employees of New Era Publishing Inc. and/or CarbonCredits.com currently hold, or have any beneficial ownership in, any shares, stocks, or options of the companies mentioned.