Top 5 Nickel Stocks to Invest in the Electric Vehicle Boom

Tesla (Nasdaq: TSLA) and other electric vehicle (EV) manufactures are pushing nickel demand higher. Their batteries require a lot of the commodity. That’s why I’ve researched some of the top nickel stocks to invest in today. The companies below give some unique investing opportunities.

Elon Musk has said that Tesla is willing to give a giant long-term contract to a nickel mining company. That’s if it’s able to produce it efficiently and in an environmentally sensitive way. On top of Tesla’s request, other EV producers will need similar resources. And that bodes well for the nickel mining stocks.

On top of that, issues with global nickel supply have gotten worse. Russia has one of the highest nickel reserves coming in around 7 million metric tons. It’s also one of the world’s leading nickel producers. But with the ongoing conflicts and trade limitations, this limits supply to the rest of the world. As a result, we’re seeing many metal prices increase…

Nickel is just one of a few resources seeing a spike in demand in the wave of the EV trend. So click here for a list of the top graphite stocks as well. And to get a better picture of what’s happening, I’ll highlight some of the key trends below. But first, let’s take a look at the top nickel mining stocks…

Top Nickel Stocks in the Mining Industry

• BHP Group (NYSE: BHP)
• Vale S.A. (NYSE: VALE)
• FPX Nickel (OTC: FPOCF)
• Small Nickel Stock
• Small Nickel Stock

The first two on this list are huge, diversified mining companies. They have some exposure to nickel, but also have stable cash flows from other segments. Their size and economies of scale help provide a little more safety for investors. But the last two are smaller nickel mining stocks with great growth potential…

Nickel Mining Stock Highlights

BHP Group is already selling more than 75% of its nickel production to the EV battery industry. The company also predicts that by 2050 nearly 50% of light vehicles around the world could be electric.

BHP’s major nickel mining operation is Nickel West in Australia. It’s a fully integrated mine-to-market business with more than 3,500 employees and contractors. And BHP is continuing to expand this part of its business, which should make this a top nickel stock going forward.

Vale S.A. is the world’s largest producer of nickel. The company has nickel operations in Brazil, Canada, Indonesia and New Caledonia. It also has fully owned and joint venture refineries in China, South Korea, Japan, the U.K. and Taiwan.

Vale’s scale makes it one of the best nickel mining stocks to consider buying. And as mentioned above, it’s a huge mining company. It also produces iron, copper, coal and manganese, just to name a few. Vale provides cash flows from many different mining operations which makes this one of the top nickel stocks with excellent diversification.

FPX Nickel is a Canadian nickel mining company with its flagship project in British Columbia. Its Decker Nickel District has an estimate of more than 5.3 million pounds of recoverable nickel. It also has an inferred amount close to 1.5 million pounds.

FPX is still considered a junior mining company. But its leadership team is pushing many projects forward to grow the business. Collectively, the management team has worked in more than 35 countries and has a wide range of experience in the mining industry. This could make it one of the best nickel mining stocks to watch in the future.

Overall, more auto manufactures and consumers are shifting toward the EV future. It’s a powerful trend and bodes well for various metal and nickel stocks that will play a huge role in EV battery production. There are many investment opportunities to consider today…