LME Nickel Stocks



This is what its all about at the moment.

GM announced in October 2017 that it plans to sell 20 electric-vehicle models globally by 2023. At the time, Reuss said the company’s EV technology is engineered to be low cost and make money. He went a step further today, saying GM’s program will make money without luxury-vehicle prices.

GM and most carmakers currently lose money selling electric cars. Tesla has put up a few profitable quarters, but even with its Model 3 selling for about $45,000 or more and the Models S and X often going out the door at more than $100,000, it struggles to make money. To boost revenue, it sells clean-air regulatory credits to companies that market far more gas guzzlers than EVs.

The cost to build an electric car is coming down, Reuss said, while the cost to add technology to conventional gas burners and make them meet regulations is going up.

We’ll reach parity a lot sooner than people think,” he said at the UBS Global Industrials and Transportation Conference. “We’re driving down the cost of batteries and the whole EV in general.”

TDT :sunglasses:


UK electric cars will require twice the world’s supply of cobalt
AutoExpress-5 Jun 2019

That has to be one of the most poorly researched article I’ve ever read. Factually wrong on so many issues it would take an inordinate amount ot time to challenge.

TDT :sunglasses:


A ban on unprocessed ore exports was imposed in 2014, and relaxed in 2017.



Are these cells similar to those used in Kona?
In the Kona Electric are made by LG and they use NMC 622. The cells in the Kia Niro EV are similar but are made by SK Innovation.


Buses don’t use NCM batteries I think they predominantly use lithium iron phosphate or LiPo.

Just found this:-

“Hyundai equipped its zero emission bus with a 384 kWh water-cooled high-efficiency polymer battery. According to the manufacturer, this would allow 300 km driving range on a single charge.”

I’ve no idea what’s in a polymer battery.



Future is electric, for sure.



As you predicted, LME stocks dipped yesterday falling by 66 tonnes in total. Live warrants down by 48 tonnes and cancelled warrants down by 18.

TDT :sunglasses:









The great difficulty that exists at this time, in addition to the drivers already mentioned, are the capacity of substituting of Class 1 by Class 2.
The new quantity that will come to the class 2 market and may affect supply in a positive way, as well as the financial capacity of junior miners in the face of a low price environment.
The great uncertainty remains the hidden stocks.
In the meantime, we will have a scheduled ban from Indonesia, but these are policy variables that have a high degree of uncertainty.


This link is embedded in the Sekking Alpha article just in case you missed it.

Interesting the number of models coming to the market in the next 12 to 24 months.

TDT :sunglasses:


What we really need to see is demand for stainless steel getting back on track. It was predicted demand for SS YoY was going to be 4% to 5% CAGR up to 2025. That’s been knocked off track by Trump and his trade war. If it were to revert back to what it was predicted to be that would amount to 60,000 to 75,000 tonnes of additional demand each year going forward. In other words enough to soak up increased NPI output from Indonesia.

Trump upsetting everything is going to have a significant knock on effect in the nickel supply chain.

TDT :sunglasses:


Toyota are picking up the pace.

TDT :sunglasses:


Take your pick.

TDT :sunglasses:


“According to most analysts speaking at the conference, the decline in the LME nickel price will continue in the second half of 2019, with a 30% probability of a more bearish scenario where the nickel price could fall to $10,000 per tonne if the macroeconomic backdrop fails to improve,” Farida added.

Macquarie has forecast that global nickel supply must grow by 1.7 million tonnes per year between 2018 and 2030. This would be an increase of 87.5% from the growth of 910,000 tpy between 2006 and 2018. The investment bank believed that battery demand will be the main driver of this growth, accounting for 890,000 tpy of the necessary 1.7 million tpy growth. “Indonesia is the only place in the world where nickel investment for EV [usage] can take place,” Lennon said.