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LME Nickel Stocks

lse:amc

#262

#263

TDT :sunglasses:


#264

Thanks in Portuguese, obrigado :slight_smile:


#265

Your welcome. In Gaelic “s e ur beatha“

TDT :sunglasses:


#266

Looks like Herbert Diess got his figures mixed up. 15m not 50m.

TDT :sunglasses:


#267

Of the 86m cars sold world wide in 2017 approximately 7% of them were VWs. VW plans to sell 15m EVs over the next several years. If we assume all other car companies do the same then we can expect an additional 215m EVs on the road by 2025 which is roughly a 65% year on year increase from 2018. That’s a lot of nickel.

TDT :sunglasses:


#268

https://www.reuters.com/article/us-russia-nornickel/nornickel-aims-to-boost-output-to-tap-electric-car-boom-idUSKCN1NO15


#269

https://stockhead.com.au/resources/volkswagens-huge-ev-bet-will-require-the-output-of-four-tesla-gigafactories/


#270

Do you think Nornickel would be interested in Amur’s Kun Manie project? I can’t see it somehow. I think it would be much easier and far more cost effective for them to upgrade and expand their current projects rather than develop a remote project where all the infrastructure needs to be provided.

TDT :sunglasses:


#271

TDT

I do not know, I only study the Nickel market, not companies.


#272

#273

#274

Nornickel don’t paint a particularly rosy picture for the immediate to near term.

https://www.metalbulletin.com/Article/3844953/battery-raw-materials/Norilsk-Nickel-plans-to-expand-nickel-production-to-meet-growing-EV-demand.html

or

Commerzbank Research analyst Eugen Weinberg

“The current [LME] nickel price is unlikely to increase, and primary production at the current level is unlikely to benefit prices. In addition, macro jitters and negative market sentiment remain a factor. It could test $10,000 per tonne before it tests $15,000 per tonne,”

TDT :sunglasses:


#275

There are many miners who can not stand the price at this level, more producers are leaving the market, while other projects do not go forward also via the current price-

I keep my target 2024/2025, as I said the market is balanced for now.

“With regards to electric vehicle investment, it’s very difficult to say anything about the price at the moment. When we’re talking about value for investors, opinions will vary. What I do know is that there is a deficit in the nickel market, and demand is outpacing supply. This is evident by falling global stocks,” Commerzbank Research analyst Eugen Weinberg told Fastmarkets.

The global nickel supply deficit for 2019 is expected to narrow to 22,000 tonnes from 143,000 tonnes in 2018, Xu Aidong, chief analyst of Chinese research organization Antaike, said at a nickel and cobalt conference in China on November 7.


#276

If the uptake in EVs develops as fast as I believe it will then late 2020, early 2021 is when I’d expect to see some action. With any exponential adoption of a new technology there’s an inflexion point where things all of a sudden take off. I believe that inflexion point is just a little over 24 months away.

TDT :sunglasses:


#277

“Cumulative energy-storage deployments are now forecast to exceed 50 gigawatt-hours by 2020. That’s three years earlier than BNEF’s outlook from just last year.”

Its all happening much faster than we think.

TDT :sunglasses:


#278

Nuno

Have you seen this.

Nornickel is predicting a 60,000 tonne deficit for 2019.

TDT :sunglasses:


#279

It’s a matter of time :slight_smile: :slight_smile:

https://documentcloud.adobe.com/link/track?uri=urn%3Aaaid%3Ascds%3AUS%3A82b2949f-9945-42e8-b0bf-839a3d1ea0da


#280

#281

https://www.bloomberg.com/opinion/articles/2018-11-19/china-slowed-its-economy-long-before-trump-s-trade-war