Battery nickel price regains premium over metal
Nickel sulphate is back to trading at a premium to the metal in China and should stay there on expected BHP Nickel West delays, says new report.
Nickel sulphate is back to trading at a premium to the metal in China and should stay there on expected BHP Nickel West delays, says new report.
There are at least five of these plants being built in Indonesia currently.
The operation, one the world’s largest open pit nickel sulphide mines, was halted in 2015 due to low nickel prices.
To date, the company has identified five zones of mineralization within the 12-km Nickel Mountain gabbroic complex.
"A closed-loop for battery raw materials is a big leap technologically."
Indonesia expects to have 29 nickel smelters operating by 2022, with total annual input capacity of nearly 70 million tonnes.
According to a new report, in October the average EV sold globally contained 22% more nickel, 19% more cobalt and 15% more manganese than a year prior.
Nornickel aims for the tokens to account for as much as 20% of its metals sales, possibly within the next couple of years.
The company will divest its New Caledonia operation, eyes Indonesia for expansion.
The Vancouver-based miner added 6,040 hectares through staking and the buyout of eight properties.