1.5m NEV’s in China for 2019 would be disappointing. I’m still expecting it to be closer to 1.8m.
H1 for 2019 so far has seen 618,000 NEVs sold in China. China usually does twice the number on NEVs in H2 than it has done in H1 so 1.8m could be closer to the norm the 1.5m. July’s figures will give some indication of how the rest of the year will go. We need to see 125K+ for July to be on track for 1.8m in 2019.
LME data week from July, 22 to 26.
Live Warrants started the week at 100.722 and ended at 100.884 , Cancelled Warrants started the week at 47.220 and ended at 44.178 .
Opening Stocks drop 2880
Live warrants just don’t seem to want to go below 100k.
Let’s see what next week brings.
Interesting comment at the end of that article.
“At Ahead of the Herd we believe both cobalt and nickel sulphide will share the EV battery limelight. However, because of the scarcity of nickel sulphide deposits the junior resource company that already owns, and can develop a nickel sulfide deposit at tidewater, with enough scale to actually become a mine, will have major base metal mining companies like BHP, Vale, Glencore and Sherritt pounding on its door.”
The unintended consequence of Trump’s trade war.
"De-dollarization has begun"
It looks like a little bit of life has been injected into the nickel price this afternoon, currently up 10.13¢. Currently $6.4849/lb. Can it hang on to the gain going into the close?