Electric vehicle demand will double nickel price – as soon as 2022
New report says EV boom is bifurcating nickel mining and short supply of battery-grade material will see prices climb near $30,000 mark within five years.
New report says EV boom is bifurcating nickel mining and short supply of battery-grade material will see prices climb near $30,000 mark within five years.
Even after two years of gains, industrial metals trade well below 10-year mean prices. Silver looks cheap, but gold, crude may be fully priced already.
The world's top miner is said to have hired Goldman Sachs to assist with the sale of the Western Australia-based nickel operation.
Global demand for nickel is increasing by 7.3 percent in 2018 from last year to 2.298 million tonnes, while supply rises 6.8 percent to 2.210 m tonnes,
Shandong Xinhai has annual nickel pig iron production capacity of around 1.2 million tonnes.
Up 75% in a year battery producers stock up on high grade exchange-held metal in anticipation of electric vehicle boom.
Nickel prices to ease off after reaching a three-year high in April.
The Ramu Nickel Mine is a large scale nickel-cobalt asset with total estimated reserves of 1 billion pounds of nickel and 100 million pounds of cobalt.
Tanzania is seeking a bigger slice of the pie from its vast mineral resources by overhauling the fiscal and regulatory regime of its mining sector.
For the past eight years, the mine has collaborated with Metso to optimize the wear parts of the primary gyratory crusher, which has boosted production: the primary crushing capacity has increased significantly, and synchronizing the shutdowns has resulted in five more days of uptime per year.