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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":635,"relatedVideos":636},112473486591837,"4ee350d4-9b44-45a8-891a-cee8eda61004","Nickel sulphate price rises in the double digits amid market tightness and battery demand growth","nickel-sulphate-price-rises-in-the-double-digits-amid-market-tightness-and-battery-demand-growth","article/nickel-sulphate-price-rises-in-the-double-digits-amid-market-tightness-and-battery-demand-growth",{"_uid":547,"date":548,"tags":549,"editor":553,"content":563,"excerpt":614,"featured":50,"reporter":615,"_editable":619,"component":620,"seo_title":543,"categories":621,"visibility":627,"author_company":49,"featured_image":628,"seo_description":614,"author_full_name":49,"author_job_title":49,"formattedDate":633,"formattedArticleDate":634},"4c626f90-891d-4d26-ac83-5ac527803be7","2021-03-16 00:00",[550],{"slug":551,"name":552},"nickel-prices","Nickel prices",[554],{"slug":555,"name":556,"content":557},"didi-bostock","Didi Bostock",{"job_title":558,"image":559,"bio":561,"linkedin":562},"Editor - Energy Transition & Economics",{"filename":560},"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":564,"content":565},"doc",[566,577,582,587,592,597,602,609],{"type":567,"attrs":568,"content":569},"paragraph",{"textAlign":49},[570,573,575],{"text":571,"type":572},"Nickel sulphate prices have seen sustained upward pressure in early 2021, with EXW China and CIF Asia prices recording 18.5% and 11.9% increases YTD respectively – according to the February issue of the ","text",{"text":574,"type":572},"Benchmark Nickel Price Assessment",{"text":576,"type":572},".",{"type":567,"attrs":578,"content":579},{"textAlign":49},[580],{"text":581,"type":572},"These price increases are linked to an acceleration in lithium ion industry demand for nickel, in conjunction with the Chinese domestic market seeing a tightening availability of nickel sulphate and class 1 nickel feedstock suitable feedstock suitable for chemical conversion.",{"type":567,"attrs":583,"content":584},{"textAlign":49},[585],{"text":586,"type":572},"A tight supply of nickel intermediates, namely MHP (mixed hydroxide precipitate), has proven particularly challenging as demand has scaled, forcing refiners to either seek either alternative feedstocks – such as CNGR’s and Huayou Cobalt’s nickel matte supply agreement with Tsingshan –  or scale back nickel sulphate production altogether.",{"type":567,"attrs":588,"content":589},{"textAlign":49},[590],{"text":591,"type":572},"MHP has quickly become the preferred raw material feedstock for the battery supply chain, due to its lower cost and the significant growth in available supply expected from Indonesian HPAL projects in coming years.",{"type":567,"attrs":593,"content":594},{"textAlign":49},[595],{"text":596,"type":572},"With growing demands from the battery industry, nickel refiners have been increasingly switching production lines towards the utilisation of MHP. These pressures, in addition to supply disruption caused by the closure of the VNC mine in New Caledonia, has fuelled MHP tightness.",{"type":567,"attrs":598,"content":599},{"textAlign":49},[600],{"text":601,"type":572},"As a result of tight availability of nickel sulphate and raw material supply for chemical conversion in the Chinese domestic market, Chinese buyers have moved to secure alternative nickel sulphate supply from producers across Asia.",{"type":567,"attrs":603,"content":604},{"textAlign":49},[605,607,608],{"text":606,"type":572},"This has driven a 24.6% increase in nickel sulphate premiums (the premium negotiated over prevailing metal prices) in the international market – a premium Chinese consumers have been willing to accept. CIF Asia nickel sulphate premiums ranged between $1,575-2,475/tonne of nickel according to the February issue of the ",{"text":574,"type":572},{"text":576,"type":572},{"type":567,"attrs":610,"content":611},{"textAlign":49},[612],{"text":613,"type":572},"To date market tightness has been concentrated in China, with Japanese and Korean buyers continuing to consume feedstock from long term contracts. Price increases seen in the Chinese market have had little impact to date, although concerns have mounted over the potential for raw material shortages in Q2 on the strength of activity in the Chinese market activity.","Nickel sulphate prices have seen sustained upward pressure in early 2021, with EXW China and CIF Asia prices recording 18.5% and 11.9% increases YTD respectively – according to the February issue of the Benchmark Nickel Price Assessment. These price increases are linked to an acceleration in lithium ion industry demand for nickel, in conjunction with […]",[616],{"slug":555,"name":556,"content":617},{"job_title":558,"image":618,"bio":561,"linkedin":562},{"filename":560},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"4c626f90-891d-4d26-ac83-5ac527803be7\", \"id\": \"\"}-->","article",[622,625],{"slug":623,"name":624},"critical-minerals","Critical Minerals",{"slug":626,"name":150},"nickel","private",{"id":49,"alt":629,"name":629,"focus":629,"title":629,"source":629,"filename":630,"copyright":629,"fieldtype":631,"meta_data":632,"is_external_url":51},"","https://a.storyblok.com/f/287943243085208/6eb6aa979e/bm-nickel-cobalt-pic.jpg","asset",{"alt":629,"title":629,"source":629,"copyright":629},"Mar 16, 2021","16th March 2021",[],[],1782119866222]