article thumbnail

GlobalData: Russian nickel sanctions would slow electric vehicle adoption

Green Car Congress

According to GlobalData’s Mining Commodity Analyzer , Russia was the third-largest producer of nickel in 2021, producing more than 200,000 tons. The evolving situation in Russia and Ukraine has already caused unprecedented increases in the price of nickel. Trading had yet to resume as of 10 March.

article thumbnail

Baker Institute report: China has positioned itself as a gatekeeper to the energy transition; nickel case study

Green Car Congress

The global push to convert the world to electric vehicles will cause supply chain complexities that could undermine the alternative energy transition in the United States, according to a new report from Rice University’s Baker Institute for Public Policy. Global Nickel Trade and Chinese Dominance.

China 416
article thumbnail

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. The deficit forecast for 2023 was revised to 0.2

Market 304
article thumbnail

Skolkovo Foundation greenlights £9.3M international consortium to make oil refining in Russia more efficient and sustainable

Green Car Congress

Russia’s Skolkovo Foundation has approved the establishment of a £9.3-million million (US$15 million) Center of Applied Research on Energy efficient Heat Exchange and Catalysis (Project “UNIHEAT”), involving Imperial College London, the Boreskov Institute of Catalysis and BP.

Russia 218
article thumbnail

Rosneft and BP form global strategic alliance; share swap and a focus on the Arctic shelf

Green Car Congress

International oil and gas major BP and Russian state-owned Rosneft have a formed a strategic global alliance, creating the first major equity-linked partnership between an international and a national oil company. billion (as at close of trading in London on 14 January 2011). Rosneft is Russia’s leading oil producing company.

Global 199
article thumbnail

Indonesian official says current nickel price will benefit miners, smelters – ET Auto

Baua Electric

The move resulted in heavy investment by smelting companies, mostly from China, but has also led to global oversupply of processed nickel, which the market blames for a sharp price correction in the past year that has hit Australian producers especially hard.

article thumbnail

Castrol and TomTom studying impact of stop-start driving patterns around the world

Green Car Congress

Stop-start traffic is a global issue that not only affects journey times, but all that idling in traffic and waiting at junctions causes microscopic wear in engines.