[{"data":1,"prerenderedAt":789},["ShallowReactive",2],{"ticker-data":3,"story-article/new-caledonia-nickel-losses-highlight-obstacles-to-western-supply-security":540},[4,52,82,112,148,186,228,259,296,328,371,412,450,481,510],{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":8,"today":9,"last":10,"percentageChange":11,"yearToDate":12,"yearOnYear":13,"oneYearIndexTrend":14,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"2026-05-27","2wk","Updated every 2 weeks","Lithium",411.01,408.51,0.61,75.85,175.57,[15,16,18,21,24,27,30,33,36,39,42,45],{"date":5,"value":9},{"date":17,"value":10},"2026-05-13",{"date":19,"value":20},"2026-04-29",372.51,{"date":22,"value":23},"2026-04-15",354.35,{"date":25,"value":26},"2026-04-01",346.55,{"date":28,"value":29},"2026-03-18",351.32,{"date":31,"value":32},"2026-03-04",346.6,{"date":34,"value":35},"2026-02-18",324,{"date":37,"value":38},"2026-02-04",337.67,{"date":40,"value":41},"2026-01-21",298.32,{"date":43,"value":44},"2026-01-07",233.73,{"date":46,"value":47},"2025-12-24",203.79,"/lithium/prices",null,false,true,{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":53,"today":54,"last":55,"percentageChange":56,"yearToDate":57,"yearOnYear":58,"oneYearIndexTrend":59,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"Lithium Carbonate",449.85,451.12,-0.28,77.12,181.56,[60,61,62,64,66,68,70,72,74,76,78,80],{"date":5,"value":54},{"date":17,"value":55},{"date":19,"value":63},404.38,{"date":22,"value":65},381.25,{"date":25,"value":67},371.52,{"date":28,"value":69},373.01,{"date":31,"value":71},366.63,{"date":34,"value":73},349.17,{"date":37,"value":75},356.81,{"date":40,"value":77},316.73,{"date":43,"value":79},253.98,{"date":46,"value":81},220.12,{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":83,"today":84,"last":85,"percentageChange":86,"yearToDate":87,"yearOnYear":88,"oneYearIndexTrend":89,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"Lithium Hydroxide",358.35,350.28,2.3,76.32,168.94,[90,91,92,94,96,98,100,102,104,106,108,110],{"date":5,"value":84},{"date":17,"value":85},{"date":19,"value":93},328.09,{"date":22,"value":95},316.95,{"date":25,"value":97},311.86,{"date":28,"value":99},321.41,{"date":31,"value":101},319.14,{"date":34,"value":103},295.42,{"date":37,"value":105},310,{"date":40,"value":107},270.4,{"date":43,"value":109},203.24,{"date":46,"value":111},177.17,{"publishedDate":19,"updateFrequency":113,"updateFrequencyText":114,"label":115,"today":116,"last":117,"percentageChange":118,"yearToDate":119,"yearOnYear":120,"oneYearIndexTrend":121,"url":147,"subscription":49,"isProtected":50,"hasAccess":51},"1wk","Updated every week","Cobalt",244.61,252.61,-3.17,3.99,97.72,[122,123,124,127,129,132,133,136,138,141,143,146],{"date":19,"value":116},{"date":25,"value":117},{"date":125,"value":126},"2026-03-25",252.45,{"date":28,"value":128},252.84,{"date":130,"value":131},"2026-03-11",253.48,{"date":31,"value":126},{"date":134,"value":135},"2026-02-25",256.64,{"date":34,"value":137},255.58,{"date":139,"value":140},"2026-02-11",253.31,{"date":37,"value":142},252.26,{"date":144,"value":145},"2026-01-28",241.15,{"date":40,"value":145},"/cobalt/prices",{"publishedDate":149,"updateFrequency":6,"updateFrequencyText":7,"label":150,"today":151,"last":152,"percentageChange":153,"yearToDate":154,"yearOnYear":155,"oneYearIndexTrend":156,"url":185,"subscription":49,"isProtected":50,"hasAccess":51},"2026-05-20","Nickel",135.83,133.05,2.09,12.5,30.68,[157,158,160,163,166,168,170,172,174,176,179,182],{"date":149,"value":151},{"date":159,"value":152},"2026-05-06",{"date":161,"value":162},"2026-04-22",125.43,{"date":164,"value":165},"2026-04-08",124.51,{"date":125,"value":167},123.94,{"date":130,"value":169},123.51,{"date":134,"value":171},122.7,{"date":139,"value":173},123.79,{"date":144,"value":175},128.07,{"date":177,"value":178},"2026-01-14",120.74,{"date":180,"value":181},"2025-12-31",104.29,{"date":183,"value":184},"2025-12-17",103.44,"/nickel/prices",{"publishedDate":187,"updateFrequency":188,"updateFrequencyText":188,"label":189,"today":190,"last":191,"percentageChange":192,"yearToDate":193,"yearOnYear":194,"oneYearIndexTrend":195,"url":227,"subscription":49,"isProtected":50,"hasAccess":51},"2026-04-30","monthly","Natural Graphite",82.93,82.39,0.66,1.66,-0.87,[196,197,199,202,205,207,210,212,215,218,221,224],{"date":187,"value":190},{"date":198,"value":191},"2026-03-31",{"date":200,"value":201},"2026-02-27",81.92,{"date":203,"value":204},"2026-01-30",81.69,{"date":180,"value":206},81.58,{"date":208,"value":209},"2025-11-28",81.35,{"date":211,"value":209},"2025-10-31",{"date":213,"value":214},"2025-09-30",81.74,{"date":216,"value":217},"2025-08-29",81.56,{"date":219,"value":220},"2025-07-31",82.47,{"date":222,"value":223},"2025-06-30",83.13,{"date":225,"value":226},"2025-05-30",83.77,"/natural-graphite/prices",{"publishedDate":187,"updateFrequency":188,"updateFrequencyText":188,"label":229,"today":230,"last":231,"percentageChange":232,"yearToDate":233,"yearOnYear":234,"oneYearIndexTrend":235,"url":258,"subscription":49,"isProtected":50,"hasAccess":51},"Anode Coke",84.01,79.79,5.29,12.86,12.75,[236,237,238,240,242,244,246,248,250,252,254,256],{"date":187,"value":230},{"date":198,"value":231},{"date":200,"value":239},75.72,{"date":203,"value":241},74.61,{"date":180,"value":243},74.44,{"date":208,"value":245},76,{"date":211,"value":247},72.75,{"date":213,"value":249},71.92,{"date":216,"value":251},71.46,{"date":219,"value":253},70.35,{"date":222,"value":255},67.35,{"date":225,"value":257},65.78,"/synthetic-graphite/prices",{"publishedDate":260,"updateFrequency":188,"updateFrequencyText":188,"label":261,"today":262,"last":263,"percentageChange":264,"yearToDate":265,"yearOnYear":265,"oneYearIndexTrend":266,"url":295,"subscription":49,"isProtected":50,"hasAccess":51},"2025-11-17","Anode",77.79,77.96,-0.22,-1.93,[267,268,270,272,274,277,280,282,284,287,290,292],{"date":260,"value":262},{"date":269,"value":263},"2025-10-15",{"date":271,"value":263},"2025-09-15",{"date":273,"value":263},"2025-08-15",{"date":275,"value":276},"2025-07-15",77.93,{"date":278,"value":279},"2025-06-16",78.88,{"date":281,"value":279},"2025-05-15",{"date":283,"value":279},"2025-04-15",{"date":285,"value":286},"2025-03-17",79.89,{"date":288,"value":289},"2025-02-17",78.97,{"date":291,"value":289},"2025-01-15",{"date":293,"value":294},"2024-12-16",79.32,"/anode/prices",{"publishedDate":297,"updateFrequency":188,"updateFrequencyText":188,"label":298,"today":299,"last":300,"percentageChange":301,"yearToDate":301,"yearOnYear":302,"oneYearIndexTrend":303,"url":327,"subscription":49,"isProtected":50,"hasAccess":51},"2026-01-15","Cathode",72.79,64.08,13.59,43.38,[304,305,307,309,311,313,315,317,318,320,322,325],{"date":297,"value":299},{"date":306,"value":300},"2025-12-15",{"date":260,"value":308},62.01,{"date":269,"value":310},53.51,{"date":271,"value":312},49.5,{"date":273,"value":314},47.28,{"date":275,"value":316},46.05,{"date":278,"value":316},{"date":281,"value":319},48.08,{"date":283,"value":321},48.92,{"date":323,"value":324},"2025-03-18",52.79,{"date":288,"value":326},50.86,"/cathode/prices",{"publishedDate":329,"updateFrequency":188,"updateFrequencyText":188,"label":330,"today":331,"last":332,"percentageChange":333,"yearToDate":334,"yearOnYear":335,"oneYearIndexTrend":336,"url":370,"subscription":49,"isProtected":50,"hasAccess":51},"2025-03-31","Lithium ion Batteries",74.53,71.3,4.53,-1.6,-20.88,[337,338,340,343,346,349,352,355,358,361,364,367],{"date":329,"value":331},{"date":339,"value":332},"2025-02-28",{"date":341,"value":342},"2025-01-31",71.45,{"date":344,"value":345},"2024-12-31",75.74,{"date":347,"value":348},"2024-11-29",76.98,{"date":350,"value":351},"2024-10-31",77.34,{"date":353,"value":354},"2024-09-30",77.43,{"date":356,"value":357},"2024-08-30",80.56,{"date":359,"value":360},"2024-07-31",82.99,{"date":362,"value":363},"2024-06-28",87.2,{"date":365,"value":366},"2024-05-31",90.7,{"date":368,"value":369},"2024-04-30",93.2,"/battery-gigafactory/prices",{"publishedDate":372,"updateFrequency":6,"updateFrequencyText":7,"label":373,"today":374,"last":375,"percentageChange":376,"yearToDate":377,"yearOnYear":378,"oneYearIndexTrend":379,"url":411,"subscription":49,"isProtected":50,"hasAccess":51},"2026-05-21","Black Mass",54.15,51.47,5.21,25.5,92.33,[380,381,383,386,389,392,395,398,401,404,406,408],{"date":372,"value":374},{"date":382,"value":375},"2026-05-07",{"date":384,"value":385},"2026-04-23",48.63,{"date":387,"value":388},"2026-04-09",48.6,{"date":390,"value":391},"2026-03-26",47.29,{"date":393,"value":394},"2026-03-12",46.18,{"date":396,"value":397},"2026-02-26",45.8,{"date":399,"value":400},"2026-02-12",47.34,{"date":402,"value":403},"2026-01-29",49.57,{"date":297,"value":405},43.15,{"date":180,"value":407},47.05,{"date":409,"value":410},"2025-12-18",41.51,"/recycling/black-mass-prices",{"publishedDate":413,"updateFrequency":188,"updateFrequencyText":188,"label":414,"today":415,"last":416,"percentageChange":417,"yearToDate":418,"yearOnYear":419,"oneYearIndexTrend":420,"url":449,"subscription":49,"isProtected":50,"hasAccess":51},"2026-03-19","Rare Earths",172.27,182.38,-5.54,20.73,54.49,[421,422,424,427,430,432,435,437,440,443,445,447],{"date":413,"value":415},{"date":423,"value":416},"2026-03-05",{"date":425,"value":426},"2026-02-19",179.86,{"date":428,"value":429},"2026-02-05",155.4,{"date":431,"value":429},"2026-01-22",{"date":433,"value":434},"2026-01-08",145.37,{"date":46,"value":436},142.69,{"date":438,"value":439},"2025-12-11",141.67,{"date":441,"value":442},"2025-11-27",136.29,{"date":211,"value":444},132.15,{"date":213,"value":446},139.82,{"date":216,"value":448},145.27,"/rare-earths/prices",{"publishedDate":213,"updateFrequency":188,"updateFrequencyText":188,"label":451,"today":452,"last":453,"percentageChange":454,"yearToDate":455,"yearOnYear":456,"oneYearIndexTrend":457,"url":370,"subscription":49,"isProtected":50,"hasAccess":51},"LFP",111.93,124.92,-10.4,-2.67,-3.42,[458,459,460,462,464,466,469,471,473,475,477,479],{"date":213,"value":452},{"date":216,"value":453},{"date":219,"value":461},109.9,{"date":222,"value":463},100.47,{"date":225,"value":465},103.62,{"date":467,"value":468},"2025-04-30",109.47,{"date":329,"value":470},115.87,{"date":339,"value":472},117.3,{"date":341,"value":474},114.57,{"date":344,"value":476},115,{"date":347,"value":478},117.82,{"date":350,"value":480},111.9,{"publishedDate":213,"updateFrequency":188,"updateFrequencyText":188,"label":482,"today":483,"last":484,"percentageChange":485,"yearToDate":486,"yearOnYear":487,"oneYearIndexTrend":488,"url":370,"subscription":49,"isProtected":50,"hasAccess":51},"NCM High-Nickel",99.44,96.91,2.61,2.37,-3.84,[489,490,491,493,495,497,499,501,503,505,506,508],{"date":213,"value":483},{"date":216,"value":484},{"date":219,"value":492},97.09,{"date":222,"value":494},94.93,{"date":225,"value":496},97.13,{"date":467,"value":498},97.89,{"date":329,"value":500},101.4,{"date":339,"value":502},93.25,{"date":341,"value":504},98.94,{"date":344,"value":496},{"date":347,"value":507},98.69,{"date":350,"value":509},101.87,{"publishedDate":213,"updateFrequency":188,"updateFrequencyText":188,"label":511,"today":512,"last":513,"percentageChange":514,"yearToDate":515,"yearOnYear":516,"oneYearIndexTrend":517,"url":370,"subscription":49,"isProtected":50,"hasAccess":51},"NCM Mid-Nickel",103.5,99.73,3.78,13.78,6.78,[518,519,520,522,524,526,528,530,532,534,536,538],{"date":213,"value":512},{"date":216,"value":513},{"date":219,"value":521},99.19,{"date":222,"value":523},96.02,{"date":225,"value":525},98.23,{"date":467,"value":527},99.24,{"date":329,"value":529},101.29,{"date":339,"value":531},87.61,{"date":341,"value":533},92.44,{"date":344,"value":535},90.96,{"date":347,"value":537},92.24,{"date":350,"value":539},95.09,{"id":541,"uuid":542,"name":543,"slug":544,"full_slug":545,"content":546,"relatedArticles":787,"relatedVideos":788},112470579521537,"27c40324-7841-4aab-a2d0-7a0924e6a078","New Caledonia nickel losses highlight obstacles to Western supply security","new-caledonia-nickel-losses-highlight-obstacles-to-western-supply-security","article/new-caledonia-nickel-losses-highlight-obstacles-to-western-supply-security",{"_uid":547,"date":548,"tags":549,"editor":556,"content":566,"excerpt":763,"featured":50,"reporter":764,"_editable":768,"component":769,"seo_title":543,"categories":770,"visibility":779,"author_company":49,"featured_image":780,"seo_description":763,"author_full_name":49,"author_job_title":49,"formattedDate":785,"formattedArticleDate":786},"9fdc6f1a-7763-4b39-a33a-74ca2413dffe","2023-10-24 00:00",[550,553],{"slug":551,"name":552},"europe","Europe",{"slug":554,"name":555},"usa","USA",[557],{"slug":558,"name":559,"content":560},"didi-bostock","Didi Bostock",{"job_title":561,"image":562,"bio":564,"linkedin":565},"Editor - Energy Transition & Economics",{"filename":563},"https://a.storyblok.com/f/287943243085208/512x512/2c5ca5c1a3/didi-bostock.jpeg","Didi is the Energy Transition & Economics Editor at Benchmark, covering a broad range of markets across the energy transition. His remit spans from downstream sectors such as BESS and EVs, through to midstream such as new technologies and battery production, to upstream critical minerals mining. He also leads on financial analysis across these supply chains, alongside in-depth policy analysis.\n","https://www.linkedin.com/in/didi-bostock-656342198/",{"type":567,"content":568},"doc",[569,576,599,604,609,614,619,624,629,638,645,650,655,660,665,670,683,688,698,703,708,713,718,723,728,733,738,743,748,753,758],{"type":570,"attrs":571,"content":572},"paragraph",{"textAlign":49},[573],{"text":574,"type":575},"Glencore’s decision to stop funding its nickel project in the French territory of New Caledonia highlights the difficulties for producers seeking to establish Western supply chains for the critical metal.","text",{"type":570,"attrs":577,"content":578},{"textAlign":49},[579,581,589,591,597],{"text":580,"type":575},"Indonesia is set to supply 66% of global refined nickel in 2032, according to ",{"text":582,"type":575,"marks":583},"Benchmark’s Nickel Forecast",[584],{"type":585,"attrs":586},"link",{"href":587,"uuid":49,"anchor":49,"target":49,"linktype":588},"https://www.benchmarkminerals.com/forecasts/nickel/reports/","url",{"text":590,"type":575},", but heavy Chinese involvement in its industry and concerns around ",{"text":592,"type":575,"marks":593},"ESG performance",[594],{"type":585,"attrs":595},{"href":596,"uuid":49,"anchor":49,"target":49,"linktype":588},"https://source.benchmarkminerals.com/article/the-ecological-costs-of-indonesian-nickel",{"text":598,"type":575}," are driving the West’s push for alternative sources.",{"type":570,"attrs":600,"content":601},{"textAlign":49},[602],{"text":603,"type":575},"“Diversification away from Indonesia is definitely something the West is concerned with but a key issue is cost,” said Will Talbot, Benchmark analyst.",{"type":570,"attrs":605,"content":606},{"textAlign":49},[607],{"text":608,"type":575},"High energy and labour costs have driven unprofitability in New Caledonia’s nickel industry for the last 12 years, according to a French government report. Even though there are three integrated refiners in the territory, only Société Le Nickel has recorded positive earnings since 2018. ",{"type":570,"attrs":610,"content":611},{"textAlign":49},[612],{"text":613,"type":575},"Last month, Glencore announced it will stop funding its Koniambo nickel project after February 2024 due to its “significant losses.” ",{"type":570,"attrs":615,"content":616},{"textAlign":49},[617],{"text":618,"type":575},"Koniambo, of which Glencore owns 49%, recorded a €192 million EBITDA (earnings before interest, taxes, depreciation, and amortisation) loss in 2022, according to a report by the French Inspector General of Finance. Prony Resources’ battery nickel project has also struggled, losing $95 million in EBITDA last year. ",{"type":570,"attrs":620,"content":621},{"textAlign":49},[622],{"text":623,"type":575},"Securing high volumes of nickel from diverse sources is crucial to the battery industries in the European Union and the US as 59% of cathode capacity across the regions is forecast to be in high nickel NCM chemistries by 2035.",{"type":570,"attrs":625,"content":626},{"textAlign":49},[627],{"text":628,"type":575},"“Mined ore and refined nickel will be the real bottleneck,” said Talbot. ",{"type":570,"attrs":630,"content":631},{"textAlign":49},[632],{"type":633,"attrs":634},"image",{"id":49,"alt":635,"src":636,"title":49,"source":49,"copyright":49,"meta_data":637},"","https://lh4.googleusercontent.com/mLx89i6Fpd5FgiZAcytNJaaecbXn0V6v8qRasIzkhyIQtW7vnXiw5BG1yUHOfTWjCxDUDlevV6IyGHU95eqzl0N4O36t6W_04FsUAezMWbPCrfE_dg9hAFH6OPsD1yI1qVfpduccdo2dd5Rthk6LrVM",{},{"type":639,"attrs":640,"content":642},"heading",{"level":641,"textAlign":49},4,[643],{"text":644,"type":575},"Cost pressures",{"type":570,"attrs":646,"content":647},{"textAlign":49},[648],{"text":649,"type":575},"Indonesian nickel refineries enjoy lower operating costs compared to their Western counterparts, primarily due to the abundance of low cost coal energy.",{"type":570,"attrs":651,"content":652},{"textAlign":49},[653],{"text":654,"type":575},"Even though the true operating costs of HPAL plants in Indonesia are difficult to estimate due to a lack of reporting, these plants are estimated to operate between a cost range of $5,000 and $15,000 per tonne of nickel contained, according to Benchmark’s assessment. In contrast, costs are expected to average $20,000 for the same amount of material for a typical North American sulphide project. ",{"type":570,"attrs":656,"content":657},{"textAlign":49},[658],{"text":659,"type":575},"Another potential supplier for the West is the Philippines. Contributing 11% of global mined nickel supply in 2022, it is the second largest producer after Indonesia. ",{"type":570,"attrs":661,"content":662},{"textAlign":49},[663],{"text":664,"type":575},"Sumitomo controls both of the HPAL plants currently operating in the Philippines while Korea’s Posco Future M recently signed a Memorandum of Agreement (MoA) with Nickel Prime Solutions to build another HPAL site in the country. ",{"type":570,"attrs":666,"content":667},{"textAlign":49},[668],{"text":669,"type":575},"Yet industrial rates for electricity in the Philippines are among the highest in the ASEAN region, posing issues to further HPAL buildout there. ",{"type":570,"attrs":671,"content":672},{"textAlign":49},[673,675,681],{"text":674,"type":575},"Further hampering ex-Indonesia viability are falling prices. The price of CIF Asia nickel sulphate has fallen by 30% this year, according to ",{"text":676,"type":575,"marks":677},"Benchmark’s Nickel Price Assessment",[678],{"type":585,"attrs":679},{"href":680,"uuid":49,"anchor":49,"target":49,"linktype":588},"https://www.benchmarkminerals.com/price-assessments/nickel/portal/",{"text":682,"type":575},".",{"type":570,"attrs":684,"content":685},{"textAlign":49},[686],{"text":687,"type":575},"The price declines are being driven by Chinese-backed expansions in Indonesia where Chinese companies have seen success in drastically reducing the capital expenditure and start-up time of new HPAL plants.",{"type":570,"attrs":689,"content":690},{"textAlign":49},[691,693,697],{"text":692,"type":575},"These expansions are adding supply to the market, setting up a structural surplus that is due to continue into 2027, according to ",{"text":582,"type":575,"marks":694},[695],{"type":585,"attrs":696},{"href":587,"uuid":49,"anchor":49,"target":49,"linktype":588},{"text":682,"type":575},{"type":639,"attrs":699,"content":700},{"level":641,"textAlign":49},[701],{"text":702,"type":575},"Green premium could support diversification",{"type":570,"attrs":704,"content":705},{"textAlign":49},[706],{"text":707,"type":575},"One way ex-Indonesian producers could become more competitive is through the implementation of a green premium.",{"type":570,"attrs":709,"content":710},{"textAlign":49},[711],{"text":712,"type":575},"“A green premium would be an additional price that companies could start charging for producing clean, ESG-friendly nickel” explained Jorge Uzcategui, a Benchmark analyst. ",{"type":570,"attrs":714,"content":715},{"textAlign":49},[716],{"text":717,"type":575},"Under a potential green premium scenario, certain Western producers may be able to differentiate their product from Indonesian output based on their environmental performance metrics.",{"type":570,"attrs":719,"content":720},{"textAlign":49},[721],{"text":722,"type":575},"Laterite ores, which make up 100% of Indonesia’s nickel ore sources, can be processed through different methods – HPAL is the route of choice to produce the feedstock material for nickel sulphate, the form of nickel used in pCAM material for lithium ion batteries. ",{"type":570,"attrs":724,"content":725},{"textAlign":49},[726],{"text":727,"type":575},"In Canada and Australia, sulphide ores are more prevalent. Here, producers use what’s known as a conventional processing method, which involves concentrating, smelting and refining nickel ore into metal. If the metal units are destined for the battery market, dissolution of the metal in sulphuric acid would produce nickel sulphate.",{"type":570,"attrs":729,"content":730},{"textAlign":49},[731],{"text":732,"type":575},"Many contingent factors influence the environmental impacts of these two refining processes. However, Benchmark analysis estimates the best-performing conventional assets will be 20% less carbon-intensive than the top HPAL assets in 2030 thanks to the greater employment of renewables by Western conventional producers.",{"type":570,"attrs":734,"content":735},{"textAlign":49},[736],{"text":737,"type":575},"The deployment of HPAL in biodiversity-rich Indonesia is another concern with the method, as it can have potentially severe ecological impacts.",{"type":570,"attrs":739,"content":740},{"textAlign":49},[741],{"text":742,"type":575},"“What we could potentially see evolving is a sort of bifurcated market, where Western OEMs will be primarily sourcing ESG compliant nickel at a premium, while the other market will be dominated by Chinese sulphate producers sourcing low-cost nickel feedstock regardless of emissions generated or social impacts,” said Uzcategui.",{"type":639,"attrs":744,"content":745},{"level":641,"textAlign":49},[746],{"text":747,"type":575},"Ex-Indonesia producers respond to ESG demand",{"type":570,"attrs":749,"content":750},{"textAlign":49},[751],{"text":752,"type":575},"Australia, forecast to produce 2% of refined nickel in 2032, is already responding to EU and US nickel sourcing policies by building up its ESG-compliant capacity. ",{"type":570,"attrs":754,"content":755},{"textAlign":49},[756],{"text":757,"type":575},"Western Australian Mines and Petroleum Minister Bill Johnston recently singled out “high grade, high purity battery nickel” as a focal point in the region’s industrial development strategy, which aims to add value to its existing mining sector with processing capacity. ",{"type":570,"attrs":759,"content":760},{"textAlign":49},[761],{"text":762,"type":575},"The Australian federal government is also working on a Certification and Life Cycle Analysis for Australian Battery Materials and a Battery Material Provenance Authentication pilot to prove the emissions efficiency of products from the country. ","Glencore’s decision to stop funding its nickel project in the French territory of New Caledonia highlights the difficulties for producers seeking to establish Western supply chains for the critical metal. Indonesia is set to supply 66% of global refined nickel in 2032, according to Benchmark’s Nickel Forecast, but heavy Chinese involvement in its industry and […]",[765],{"slug":558,"name":559,"content":766},{"job_title":561,"image":767,"bio":564,"linkedin":565},{"filename":563},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"9fdc6f1a-7763-4b39-a33a-74ca2413dffe\", \"id\": \"\"}-->","article",[771,774,777],{"slug":772,"name":773},"critical-minerals","Critical Minerals",{"slug":775,"name":776},"geopolitics","Geopolitics",{"slug":778,"name":150},"nickel","private",{"id":49,"alt":781,"name":635,"focus":635,"title":781,"source":635,"filename":782,"copyright":635,"fieldtype":783,"meta_data":784,"is_external_url":51},"Sudbury Nickel Smelter","https://a.storyblok.com/f/287943243085208/195fc0434f/bm-nickel-smelter.webp","asset",{"alt":781,"title":781,"source":635,"copyright":635},"Oct 24, 2023","24th October 2023",[],[],1780932601584]