LME Nickel Stocks



BMO Forecast 2019 Avg , you can change de year and the month.

Copper 3,15
Nickel 5,70


Here you can change also the date.



China has offered to go on a six-year buying spree to ramp up imports from the U.S., in a move that would reconfigure the relationship between the world’s two largest economies, according to officials familiar with the negotiations.

By increasing goods imports from the U.S. by a combined value of more than $1 trillion over that period, China would seek to reduce its trade surplus – which last year stood at $323 billion – to zero by 2024, one of the people said. The officials asked not to be named as the discussions aren’t public.

The offer, made during talks in Beijing earlier this month, was met with skepticism by U.S. negotiators who nonetheless asked the Chinese to do even better, demanding that the imbalance be cleared in the next two years, the people said. Economists who’ve studied the trade relationship argue it would be hard to eliminate the gap, which they say is sustained in large part by U.S. demand for Chinese products.

U.S. stocks extended gains and the dollar rose following the news. The S&P 500 Index rallied, climbing 1.2 percent by 11:31 a.m. and heading for its fourth weekly increase, while the dollar traded at session highs.

Trade Offers
It’s not the first time China has made an offer to reduce the deficit as a way of trying to break the deadlock between the sides which has darkened the global economic outlook and roiled financial markets since last year. In May, Trump scrapped a framework for a deal negotiated by Treasury Secretary Steven Mnuchin that would have seen China “significantly” increase purchases of U.S. goods.

By agreeing to buy more goods from the U.S., China may just shift its trade surplus toward other trading partners, said Tom Orlik, the chief economist for Bloomberg Economics.

“If China switches its imports from other countries to the U.S. – less Brazilian soybeans, more U.S. soybeans – that might help deal with their bilateral problem with the U.S., but at the expense of worsening imbalances with other countries,” he said.

Additionally, the types of products that China offers to buy more of could matter more than the overall target for a dollar amount, Orlik said. Airplanes, soybeans and automobiles were among China’s top U.S. imports last year.

“Over the years, China has used the offer of purchasing more technologies with national security applications as a gambit in trade negotiations,” said Orlik. “That’s always been unacceptable to the U.S. because of the strategic costs.”

Decisions Pending
No decisions were finalized in the latest Beijing talks and discussions are set to continue at the end of January, when Chinese Vice Premier Liu He is scheduled to travel to Washington.

The U.S. will miss an opportunity for discussions with its trading partners after President Donald Trump canceled his trip and the U.S. delegation’s visit to the World Economic Forum in Davos next week amid the partial government shutdown. While no official plans were disclosed for U.S.-China negotiations at Davos, Chinese Vice President Wang Qishan is due to attend the gathering.

There’s no clear sign that such an offer would now have a greater chance of success or even if it is practically feasible. U.S. negotiators are also focused on matters including China’s alleged intellectual-property malpractices and state support of industry, disputes that are much harder to bridge. The Americans’ major sticking points were more prominent issues than China’s import plans during the latest round of talks in Beijing, one of the people said.

Import Values
The offer implies raising the annual import total from $155 billion to around $200 billion in 2019 and in increasing steps thereafter, reaching an annual total of about $600 billion by 2024, one of the people said.

The Commerce Ministry in Beijing didn’t immediately respond to request for comment on the negotiation details. The office of the U.S. Trade Representative didn’t immediately respond to a request for comment.

— With assistance by Jenny Leonard, Haze Fan, Miao Han, and Shuping Niu





The country’s nickel/cobalt mine developer, Ramu NiCo Management’ (MCC) Limited in Madang is facing a severe sales problem.
This was announced by the company’s chairman Zong Shaoxing during the company’s annual working conference last Friday, January 18.
Chairman Zong said last year the company sold 25,525 tonnes of nickel and 2,388 tonnes of cobalt, which were only 75.05 per cent and 72.06 per cent of the annual plan of sales, leaving 11,704 tons of nickel unsold.
He said the main reason is that a large number of customers have requested to cancel or reduce orders due to worldwide economic downturn and nickel and cobalt price plummet, as a result of which, Ramu NiCo had no choice but to cut product price and reduce price coefficient.



Specifically, they project that total electric vehicle related copper demand will grow from 391,000 mt in 2020 to 4.08 million mt in 2030, while Nickel demand will surge to 1.14 million mt from 86,000 mt over the same period.

“Investors will need to distinguish between those commodities which have a high degree of demand leverage to very specific future scenarios versus those which should benefit from a general shift towards greater electrification and automation,” Garvey said


LME nickel stocks are rising, now at 203.086





“Vale’s dam burst likely to affect iron ore prices , the Vale do Rio Doce mining company will be fined 58 million euros due to the rupture in the Brumadinho dam.
Earlier this morning, the Justice Department of Minas Gerais determined the freezing of 233 million euros from the accounts of the mining company to cover losses in the region”

I do not know what this means for Nickel prices, but I know that the Vale had intentions of increase nickel mining, as soon as prices justified and the demand for electric cars increased.
In December Vale wanted to invest US$500M in New Caledonia nickel mine.

“Court orders have already frozen 11B reais ($2.9B) of Vale assets pending damages, environmental agency Ibama fined the miner 250M reais ($66.3M), and its CEO, deals and dividends are under scrutiny.”



Battery News

‘Better’ alternative lithium-ion batteries by Honda, CalTech and NASA

Collaboration between Honda Research Institute, California Institute of Technology and NASA’s Jet Propulsion Laboratory yields a new alternative to the standard lithium-ion battery – fluoride-ion batteries.
The research group appear to have overcome major issues with overheating fluoride batteries which require temperatures of ~300°F (~150°C) to work effectively. According to their abstract published at, the reason for this is that “current batteries need to operate at high temperatures that are required for the molten salt electrolytes.”
“Fluoride-ion batteries offer a promising new battery chemistry with up to ten times more energy density than currently available Lithium batteries,” said Christopher Brooks, a Honda Research Institute researcher and a co-author of the paper.
Fluoride-ion also has another advantage over lithium-ion: they can be sourced from more common materials, which can be good for the environment.
“Unlike Li-ion batteries, FIBs do not pose a safety risk due to overheating, and obtaining the source materials for FIBs creates considerably less environmental impact than the extraction process for lithium and cobalt,” Brooks shared.


Its interesting that in the whole mining spree /M&A action that’s been taking place recently the Chinese have not bought one mining project in Russia.

Could Amur be the first?

TDT :sunglasses:


The battery sector accounted for 124,000t of consumption last year, and while overall nickel demand is expected to increase at a compound annual growth rate (CAGR) of 5pc to 2025, demand from the battery sector is estimated to climb at a CAGR of 18pc over the same period.