- Joined
- 29 January 2006
- Posts
- 7,217
- Reactions
- 4,438
Nickel surged by more than 4.5% yesterday and the LME 3M price touched an intraday high of US$21,235/t. In an interview on Tuesday, the Indonesian President said that the government wants to 'hit the brakes' on exporting raw materials. He mentioned the earlier ban on nickel ore exports and said that they may halt bauxite exports next year or 'something else'. He didn't mention nickel pig iron. However, earlier this year, there was speculation that Indonesia was looking at potentially banning nickel pig iron exports, sparking cocerns of a raw material squeeze for stainless steel mills outside of Indonesia. Nornickel said in a statement yesterday that production of all metals decreased in the first nine months due to the temporary suspension at three operations. Total production volume of saleable nickel and copper declined more than platinum group metals. However, the Russian producer reiterated its 2021 production guidance for nickel and copper to be unchanged. This would be 190-200kt for nickel and 335-355kt for copper in 2021. Brazilian miner Vale trimmed its production guidance for nickel from a prior projection of 200kt to 165-170kt. Moreover, nickel production from the Philippines is expected to be 10% lower than the annual average, due to frequent rainfalls and fewer vessels coming in, according to the CEO of Global Ferronickel.
There's going to be some consolidation amongst the nickel producers in Aust. There's already a lot of cross ownership.
IGO is eying off WSA, who owns 20% PAN. Meanwhile A. Forrest's Wyloo is in a battle with BHP for a Canadian nickel resource. Regardless if it wins or loses Wyloo already owns some MCR and WSA (incl PAN).
The trend on nickel is still positive, for now nickel bulls will be happy.
View attachment 137295
Interesting article from last month on the state of play with nickel.
Nickel price buoyed by strong demand, dwindling stocks
Nickel prices held near their highest in more than two months on Monday, boosted by demand from the electric vehicle battery sector lowering stocks held in London Metal Exchange (LME) approved warehouses.www.reuters.com
LFP batteries don't mind going from fully charged to dead flat, whereas lithium ternary batteries wouldn't last long if such cycles were regular. Also, if you are wanting a used EV's battery for a home battery, then LFPs are a better option due to a cycle life about four times greater. But yes, for sheer power and relative lightness lithium ternary batteries are the go. So Tesla's Plaid and Cybertrucks will definitely consume decent amounts of nickel, and therefore so will every high performance EV.The thing is ATM in the EV uptake curve, energy density i.e range, is still a huge selling point, over time as the public becomes adjusted to E.V's maybe not. But for the moment?
Yes I know, the son has gone off grid, he and I have been over it endlessly, eventually decided on LFP batteries(actually BYD) for the reasons you mention.LFP batteries don't mind going from fully charged to dead flat, whereas lithium ternary batteries wouldn't last long if such cycles were regular. Also, if you are wanting a used EV's battery for a home battery, then LFPs are a better option due to a cycle life about four times greater. But yes, for sheer power and relative lightness lithium ternary batteries are the go. So Tesla's Plaid and Cybertrucks will definitely consume decent amounts of nickel, and therefore so will every high performance EV.
Changing the topic to nickel uses, this long read covers many of the areas of nickel use - aside from the obvious - which people generally never think about. So as quality lifestyles get more important in future, nickel will play an increasingly important role.
A good article on E.V battery materials.
Global EV sales jumped in 2021, as did deployment of high nickel battery chemistries
Adamas Intelligence reports that 54% of battery capacity deployed onto roads globally in new plug-in electric vehicles was powered by high nickel cathode chemistries.www.mining.com
Yep, not everyone buys cheap and cheerful, or everyone would be running around in a Mitsubishi Mirage.I was wondering what was going to win out in the EV battery markets. Li or Ni/Co. Seems both are going to be required going forward.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?