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Nornickel presents market review of nickel and platinum group metals

Green Car Congress

In early 2023, nickel has been the worst performer among base metals on the London Metal Exchange (LME). This is primarily due to a significant surplus in the Class 2 market that occurred in 2022 and is expected to remain throughout 2023-2024, mainly owing to growing production of low-grade nickel in Indonesia. Mt to 3.22

Market 304
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Baker Institute report: China has positioned itself as a gatekeeper to the energy transition; nickel case study

Green Car Congress

How Electrifying Transport and Chinese Investment are Playing Out in Indonesia —focuses on nickel as a critical mineral, but has implications for the broader minerals and materials supply chains needed for broad-scale energy transition. The detailed report— Need Nickel?

China 416
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Indonesian official says current nickel price will benefit miners, smelters – ET Auto

Baua Electric

Most investment in nickel processing in Indonesia is for nickel pig iron (NPI), the main feedstock for stainless steel, but the government wants to develop local production of batteries and EVs. Three-month nickel on the London Metal Exchange was trading at around USD 17,650 per metric ton on Thursday.

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GlobalData: Russian nickel sanctions would slow electric vehicle adoption

Green Car Congress

Following overnight increases in the 3-month nickel price earlier this week—with prices on the London Metal Exchange (LME) up as much as 250% in two trading days above $100k per ton—the LME made the decision to suspend trading in the metal on 8 March. Trading had yet to resume as of 10 March.

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Roskill: automotive batteries and stainless steel to drive nickel demand

Green Car Congress

per year over the course of the forecast period, due to rising output in China and Indonesia. Supply growth to come mainly from China and from Indonesia. In recent years, Chinese producers have been investing heavily in nickel pig iron (NPI) plants in Indonesia.

Indonesia 170
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Morgan Stanley warns that nickel price surge could add $1k to electric vehicle costs

Teslarati

Nickel has seen a rapid rise as of late, with the material surging above $100,000 a metric ton on the London Metal Exchange. ” Following Russia, after all, Indonesia stands as the biggest source of nickel, but the country is still in the process of ramping its production of the material. This prompted a trading halt.

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Lux: California’s Low Carbon Fuel Standard will become a global phenomenon; carbon intensity, not volume

Green Car Congress

For example, the US and Brazil are major corn and sugarcane ethanol producers, respectively, and Malaysia and Indonesia are major palm oil biodiesel producers. Currently the biofuels industry is driven primarily by the abundant availability of bio-based resources enabling the production of ethanol and biodiesel.

Carbon 150