Agreed.
The only figure that i am interested in is the future deficit in Class one nickel.
Currently only half of the class one nickel production is used in battery production - the rest is used in steel production.
Deficit in Class one is projected to occur in 2021 if current EV projections hold true.
I expect that pricing will adjust to encourage Class one production at some point in 2020.
Some stats from Cobalt 27
- Over 2 million tonnes of refined nickel produced annually, of which 50% is FeNi/NPI and solely consumed by stainless steel industry.
- 40% of balance of 1 million tonnes is in form desired by chemical producers (battery manufacturers) as briquette or powder or chemical.
- Ni production comes from two main sources laterite (60%) and sulphides (40%).
- Recovering nickel from laterite is typically 2-3 times the cost of recovering from sulphides as energy intensity is 3:1 in laterite operation
I believe the two new HPAL plants in Indonesia require a price of $17000 per tonne to break even to produce Class One.............if the plants actually operate efficiently as per design
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Agreed. The only figure that i am interested in is the future...
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