EV growth to boost nickel consumption: Norlisk

Rapid growth in electric vehicle (EV) production and an increasing market share of high-nickel-content battery cathode materials will boost nickel demand in the long term, according to Russian producer Norilsk Nickel's regional analyst Dmitry Zamula.

Nickel consumption in the power battery sector will increase to 370,000 t/yr in 2025, up sharply from around 34,000t in 2017, Zamula told delegates at the China nickel and cobalt annual conference in Xiamen, Fujian province.

Nickel demand from power battery manufacturers is growing fast, although it remains small among all applications for nickel.

Asia, in particular China, has become the biggest market for EVs, including plug-in hybrid and pure electric. China sold 721,000 and produced 735,000 EVs during January-September this year, up by 81.1pc and 73pc year on year respectively. The country is on target to produce 1mn EVs this year.

The Chinese government has tightened its regulations on EV subsidies, which are scheduled to be completely removed by the end of 2020. Beijing in February cancelled or cut subsidies for EVs with ranges below 300km and increased the subsidy for more expensive longer-range vehicles.

China's production of lithium iron phosphate cathode materials fell by 12pc year on year during January-September, while production of nickel-cobalt-manganese cathode materials, which use more nickel, increased by 41pc year on year in the same comparison.

More nickel briquette will be used to produce nickel sulphate and then used in lithium-ion batteries. Feedstock producers, including nickel sulphate and ore, are planning to develop production of downstream products.

Nickel briquette stocks held by the London Metal Exchange will continue to meet demand in a few years until the supply deficit for nickel sulphate exacerbates in 2020, Zamula said.

Chinese prices for nickel sulphate were assessed lower yesterday at 24,500-27,000 yuan/t ($3,530-3,890/t) from the previous assessment of Yn25,000-27,500/t on lower than expected demand from the power battery sector in the fourth quarter. Prices for 99.9pc grade metal were assessed higher at Yn98,500-107,000/t yesterday from Yn98,500-106,500/t.

News No: 2554
Date: 2018/11/09 - 12:20
News Source: Argus Media

Nickel  EV  Norlisk  Russian  China 


Leave a Comment:


Copper price falls despite China's promise of more 'economic miracles'

Industrial metals came under renewed pressure on Tuesday after a defiant speech from China's president Xi Jinping diminished hopes of an early settlement in the top commodity importer’s intensifying trade dispute with the US.

Explorex Resources begins drilling for cobalt in Canada’s New Brunswick

Canadian junior miner Explorex Resources (CSE:EX) (OTC:EXPXF) said Monday that crews had been mobilized to initiate the maiden drill program at its cobalt-manganese base metals Kagoot Brook project, located in New Brunswick, Atlantic Canada.

China to Continue Expansion of Ties with Iran in Any Conditions

Chinese Deputy Foreign Minister Zhang Jun underlined the importance of his country's relations with Iran, specially in trade and economic fields, and Beijing's determination to continue bilateral ties in any conditions.

New Oil, Gas Ventures Accelerating Globally

The number of new oil and gas projects will rise five-fold next year from a 2015 trough but overall spending is still unlikely to be enough to meet future demand, consultancy Wood Mackenzie said in a report.

China’s Stainless Steel Exports Decline by 11% in Oct’18 M-o-M basis

According to China’s latest customs data, country’s stainless steel export have declined by 11.45% in Oct’18 month on month (M-o-M) basis to stand at 278,400 tonnes. In October, exports of most kinds of stainless steel products decreased while stainless strip exports increased to 18,700 tonnes, a surge of 16.37% M-o-M basis.

Resumption of Iran-China Banking Ties Runs into Snag: Official

Head of Iran-China Joint Chamber of Commerce said the banking transactions between Tehran and Beijing have not been still restarted due to a series of outstanding obstacles.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners