Dona Ferentes
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Key out-take ... don't buy Chinese Li-ion batteries?
Key out-take ... don't buy Chinese Li-ion batteries?The drop is due to news that Tsingshan (large Indonesian nickel producer, Chinese owned) is about to supply 100,000t of nickel "matte" converted from lower quality nickel pig iron (NPI) to Chinese battery manufacturers.
This lower quality nickel is more expensive to convert to higher quality nickel and has been avoided until now. Smelting of Ni-laterite ores is associated with some of the highest CO2 emissions in the industry.
Key out-take ... don't buy Chinese Li-ion batteries?
If the nickel content is not the same, then respective battery performances will differ, so I suspect that battery manufacturers will be ensuring their brand remains favourable by ensuring the highest available quality of nickel is used.This is going to be the key problem for EV manufacturers. Pay more for ESG batteries or pay less for "dirty" ones.
IMO profit usually decides, but will investor ESG activism influence mgt decisions?
It certainly is an interesting situation, when one would expect with all the rhetoric around BEV's and grid connected batteries, that there would be a rush to the materials required.It's interesting that many of the current nickel producers are seeing their share prices fall. I've been waiting to buy the dip but the dip is getting larger. I'm puzzled by the size of the fall in the share price of the Indonesian nickel producer NIC. MCR, PAN not going up. WSA stagnant.
could also be that money is realistic: EVs numbers overall are still negligible, and will be for probably at the minimum 5y.It certainly is an interesting situation, when one would expect with all the rhetoric around BEV's and grid connected batteries, that there would be a rush to the materials required.
It is certainly confounding me, but I'm still holding.
One thought i have had, is many will think hydrogen is going to be the go to renewable, but that will take a long time IMO.
Batteries are going to definitely be the go to power source for normal cars, for quite some time, also home storage will definitely be batteries due to their convenience, maybe there is a lag between the science and the public's understanding.
I have been watching LME and SFE stock levels .It's interesting that many of the current nickel producers are seeing their share prices fall. I've been waiting to buy the dip but the dip is getting larger. I'm puzzled by the size of the fall in the share price of the Indonesian nickel producer NIC. MCR, PAN not going up. WSA stagnant.
It's interesting that many of the current nickel producers are seeing their share prices fall. I've been waiting to buy the dip but the dip is getting larger. I'm puzzled by the size of the fall in the share price of the Indonesian nickel producer NIC. MCR, PAN not going up. WSA stagnant.
They are worried about supply of class 1 Nickel for battery production. This was announced just after Tsingshan Group informed the world that they had invented a new way to refine laterite nickel from deposits in Indonesia. Nickel price has still not recovered from that news.It sounds as though Elon may have given the Indonesian nickel the flick, which will be good for Australian producers, it may all be a marketing ploy though with Elon things can change rapidly.
I agree 100% with your reasoning, there is no point in trying to get cleaner vehicles, by using dirty product, it isng a good look.They are worried about supply of class 1 Nickel for battery production. This was announced just after Tsingshan Group informed the world that they had invented a new way to refine laterite nickel from deposits in Indonesia. Nickel price has still not recovered from that news.
As already stated, its highly energy intensive and i can see problems with passing an ESG test with potential auto makers...
I think Tesla is going to buy up as much high quality Nickel deposits required for the necessary scaling involved, there is simply not enough battery grade Nickel feed to go round.
What do you reckon are The Australian nickel stocks most likely to rise from Tesla interest in Australian miners. I'm a bit out of the loop on this metal atm.I agree 100% with your reasoning, there is no point in trying to get cleaner vehicles, by using dirty product, it isng a good look.
The CC crew will be all over it.
What do you reckon are The Australian nickel stocks most likely to rise from Tesla interest in Australian miners. I'm a bit out of the loop on this metal atm.
maybe the last great buy-in opportunity ?
The only real cure for high commodity prices is increased supply, and the best trigger to increase supply is higher prices, when China tries to suppress prices all that does is deter people from investing in new supply, so ultimately it has the opposite effect, and creates higher prices.View attachment 127740
The price of nickel has been slowly rising since the unsettling news earlier in the year. It seems that whenever China tries to depress rising commodity prices that it's a good buy the dip opportunity. Currently China is trying to lower the copper price by releasing copper from their strategic stockpiles.
Good day for the ASX listed nickel producers PAN, MCR, NIC, WSA.
View attachment 127740
The price of nickel has been slowly rising since the unsettling news earlier in the year. It seems that whenever China tries to depress rising commodity prices that it's a good buy the dip opportunity. Currently China is trying to lower the copper price by releasing copper from their strategic stockpiles.
Good day for the ASX listed nickel producers PAN, MCR, NIC, WSA.
Panoramic have finally closed in on their Savanah North deposit, that should be good news, the night is always darkest just before dawn, as they say.will need to be a miracle day today for PAN and WSA for they both have been underwater for me for years
was hoping to rescue the cash investment in MCR ( and keep a few shares to let run ) but maybe not today ( but it got real close )
i am of the view it is the $US plunging in real terms that is lifting commodities , but time will tell
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