Sherritt International Corp T.S

Alternate Symbol(s): SHERF

Metals & Mining Copper

Sherritt International Corporation is a Canada-based company engaged in the mining and refining of nickel and cobalt metals essential for the adoption of electric vehicles through hydrometallurgical processes. The Company is engaged in the production of high purity nickel and cobalt metals from lateritic ore. Its technologies group creates solutions for oil and mining companies around the world to improve environmental performance. The Company offers a range of products including Nickel, Cobalt, Fertilizers and Other Products. The Nickel products category includes standard grade, steel grade, and nickel powders. The Cobalt products category includes cobalt briquettes and cobalt powders. The Company’s Fertilizers product category includes anhydrous ammonia, granular ammonium sulfate, crystalline ammonium sulfate-super salt, and crystalline ammonium sulfate-standard grade. The Other products category includes sulfuric acid, zinc sulfide, and copper sulfide.

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Sherritt International Corp > First LFP and now Sodium

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Comment by rkhoslaon Apr 12, 2023 6:52pm

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Post# 35391748

RE:RE:RE:First LFP and now Sodium

*main incremental demand in class 1 Ni (for other needs nickel pig iron can be used far more cheaply)

rkhosla wrote: Well of course it matters. Yes, indeed there is nickel in windmills and solar panels and Javelin missiles as well. But the main incrimental demand in Ni demand was to come from EVs. LFP was said to lack density / range. But people are realizing they don't need 500km range and now LFP eating our lunch - or large nibble from it anyway. Co priced itself out and is being replaced/reduced. Developers trying to do same with Ni (and Li). For sure we remain dominant for next half-decade and in the mix after that, however as targets get more ambitious (like today's US announcement) cheaper alternatives will necessarily become dominant....
Stratocheif wrote:
rkhosla wrote: This on NYTimes front page today. No Ni no Co needed. I believe we will have a 3-5 year window of NMC or NCA dominance before we are replaced with a novel solution:

https://www.nytimes.com/2023/04/12/business/china-sodium-batteries.html

It doesn't matter. At present only 5% of nickel is used for batteries. The rest for steel and other alloys. Even if a new battery was made tomorrow it wouldn't change the nickel supply demand equation and the fact nickel inventories are low. Nickel would miss out on future gains in demand for batteries but as long as the world continues to grow, so will the demand for nickel. Every is focused on battery nickel as the key driver of price. Way overblown when it's only 5% of nickel supply isn't it. sherritt nickel is high purity. But they've been in business making it long before the first ev hit the streets