Sprott Asset Management Launches New ETF

Sprott Asset Management launched the Sprott Nickel Miners ETF (NIKL), an exchange-traded fund focused on nickel mining companies that provide a mineral essential for clean energy. The index tracks the performance of a select group of companies involved in the nickel industry, including nickel producers, explorers, and developers. In a press release, CEO John Ciampaglia noted that nickel is “a vital component in the rechargeable batteries used for hybrid and electric vehicles” and that demand may increase “nearly 20 times by 2040, relative to 2020.