Post by
MaterialsMan on Feb 12, 2024 7:50am
Differentiation
Not to rain on the parade, but the nickel may not pan out. No pun intended.
It was selling in the 100k per ton range in '22, whereas now, producers are lucky to get 15k, give or take.
There is a huge oversupply.
One possible good thing that I never realized is that all nickel is not the same.
There is what's called Nickel Pig Iron (NPI), and battery grade nickel. I guess that up to now they've been treated pretty much the same price wise.
I don't know if it will make much of difference in Karora's situation, but if BHP keeps it's smelter going and hones in on the higher grade, it might.
That's assuming, which I suspect is a given, that KRR's nickel is the better quality.
Now we'll need two tier pricing to have a chance for the nickle to contribute as a byproduct.
Comment by
Highwired7 on Feb 12, 2024 10:44am
Not true, except for a brief spike to 48K/T in March 2022, the highest Nickel ever got was January 2023, briefly at 30K/T, don't use google for that info...as usual google is wrong, I think they get their info off FB or Twitter.
Comment by
MaterialsMan on Feb 12, 2024 12:24pm
Looks as if fact checking is necessary regardless of the source. Thanks for the correction.
Comment by
daw2 on Feb 13, 2024 7:08am
The general outlook for Nickel is not good: glencore-bows-to-inevitable-by-shuttering-nickel-mine-koniambo. As regards hisrorical high, have a look at March, 2022 on chart: commodities/nickel-price
Comment by
Pandora on Feb 20, 2024 12:52am
https://www.mining.com/web/bhp-reports-flat-first-half-underlying-profit-warns-of-inflation-impact/