NEWS
NON-FERROUS   Auto  

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 

Comments:

Leave a Comment:

   
   
   
 

Brazil: Vale Warns of Another Dam Burst; Iron Ore Prices Cross USD 100

Spot iron ore fines Fe 62% index has picked up to USD 100.4/MT, CNF China as against USD 98/MT, CNF China yesterday. The increase is due to Vale forecast of dam rupture in next week. The prices have hit 5 years high as the prices were last seen in May'14.
 

China’s Tangshan City Sets a Higher Steel Capacity Cut Target for 2019 after Inspections

SteelMint has heard that the Hebei province’s Tangshan city has set higher iron and steel capacity cuts target for 2019 after the feedback received from the air pollution inspection team recently.
 

India's KIOCL Concludes 50,000 MT Pellet Export Deal - Sources

Southern India based pellet maker - KIOCL has concluded pellet export deal recently via tender floated. The company had floated export tender offering 50,000 MT pellet consisting of Fe 64% content with less than 2% Al for which the bid due date was 14 May’19.
 

China: Shagang Steel Cuts Scrap Purchase Price by USD 6 Amid Rising Supply

Eastern China’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has lowered steel scrap purchase price for all grades by RMB 40/MT (USD 5.8) effective from today (15th May’19).
 

China: Baosteel Keeps Flat Steel Price Stable for June Deliveries

China’s major steelmaker Baosteel recently announced flat steel prices for June deliveries. The company has rolled over its flat steel prices for second consecutive month.
 

China: Iron Ore & Pellet Imports Fell 18-Months Low in Apr'19

According to General Administration of Customs, China - the world's largest iron ore consumer and importer, recorded fall of 7% in iron ore imports to 80.77 MnT in Apr'19 against 86.42 MnT in Mar'19
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners