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Nornickel presents market review of nickel and platinum group metals

Green Car Congress

Russia-based Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, presented its eleventh review of the nickel and platinum group metals (PGM) markets based on the fundamental analysis of world economic and industry data. Mt to 3.22 Mt (7% year-on-year growth).

Market 304
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Adamas Intelligence forecasts global passenger EV market to deploy 762.9 GWh onto roads in 2023; December rule of thumb

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million passenger EVs (HEVs, PHEVs, BEVs) will be sold globally (+/- 10%) in 2023, translating to a sales-weighted average pack capacity of 38.7 This was due to a spike in EV sales in December 2018 in China in advance of subsidy rollbacks that provided a false signal for the year ahead. Additionally, Adamas projects that 19.7

Global 195
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IDTechEx: Nio spearheading battery swapping expansion beyond China

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There are also other companies in China that offer models with battery swap support, but for the taxi market. Nio has 1071 swap stations in China as of August 2022 but is gearing up to expand its sales and swap station facilities across Europe. Swapping to become more efficient by using smaller batteries.

China 434
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BloombergNEF expects 40% growth in global EV sales in 2019; 2.6M vehicles, 1.5M in China

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BNEF said that it expects China will continue to lead, with some 1.5 million units—around 57% of the global market. China’s market is in transition, and the recent annual doubling of sales every year looks unlikely to hold in 2019. Sales in Japan and South Korea combined should be around 100,000.

2019 392
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CRU: lithium price downtrend continues, with disappointing EV sales in China the driver

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In August 2019, CRU reported on the steady slide in prices that has occurred in the lithium market since the beginning of the year. Lithium carbonate prices in China dropped between January and August 2019 by nearly 20% since the beginning of 2019 to RMB 65,000/t, equivalent to $9.25/kg The rest of the lithium market is fragmented.

Price 243
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IHS Markit forecasts 18% drop in global vehicle sales YoY to 73.3M units under extended lockdown scenario

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IHS Markit is projecting an 18% drop in global new vehicle sales year-on-year under an extended lockdown scenario to 73.3 Regionally, that breaks out to: -26% US vehicle sales decline YoY to 12.6 17% Europe vehicle sales decline YoY to 17.1 14% China vehicle sales decline YoY to 21.8 million units. million units.

Stimulus 221
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Groupe Renault changes China strategy: light commercial vehicles and electric passenger cars

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Groupe Renault is setting a new strategy for China, based on Electric Vehicles (EV) and Light Commercial Vehicles (LCV). With 860,000 electric vehicles sold in China in 2019, China is by far the largest EV market in the world. EV sales are expected to reach 25% of the Chinese market by 2030. LCV market.

Light 378