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[la forge] 13/7/2019 07:59

EV Makers Have A New Favorite Metal
By MINING.com - Jul 12, 2019, 12:00 PM CDT
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Battery Packs

Battery metals tracker Adamas Intelligence says electric vehicle manufacturers deployed 57 percent more nickel in passenger EV batteries in May this year, compared to 2018.

The Toronto-based research company, which tracks EV registrations and battery chemistries in more than 80 countries says the nickel metal equivalent used in lithium-ion batteries (primarily in the form of nickel sulphate) increased by 69 percent whereas the amount used in nickel metal hydride (NiMH) batteries (primarily in the form of nickel hydroxide and AB5 nickel-REE alloy) increased by 26 percent.

The deployment of nickel also outpaced the growth of the EV market overall. In May this year, total passenger EV battery capacity deployed globally was 48 percent higher year-on-year, according to Adamas data.

Nickel’s inroads are mainly due to shifting chemistries of nickel-cobalt-manganese (NCM) battery cathodes.

First generation NCM111 batteries had a chemical composition of 1 part nickel, 1 part cobalt and 1 part manganese, but NCM batteries with higher nickel content (622 and 523 chemistries) are quickly becoming the standard in China, which is responsible for half the world’s electric car sales, and a much greater proportion of EV battery manufacture.

With worries about the security of supply of cobalt persisting, the industry is now fast moving towards even higher nickel content with the market share of NCM811 increasing to 2 percent worldwide and 4 percent in China in May, a doubling of market share in just one month.q
Related: China’s Crude Oil Imports Rise In June

Adamas points out that in China the increased deployment coincided with the launch of a number of new EV models in China using NCM811 cells from battery leader CATL.

The world’s number one carmaker, Volkswagen, is spending more than $50 billion on batteries to start mass producing EVs by mid-2023 and the company announced earlier this month that from 2021 it would use the NCM811 composition.

Nickel touched $13,000 a tonne for the first time since April on Wednesday. The price is up just over 19 percent in 2019 as the EV boom creates additional demand and primary use of the metal today – stainless steel production – continues to grow.

Cobalt is now worth $28,000 a tonne after peaking at $95,000 little more than a year ago as miners in the Congo – responsible for two-thirds of output – ramp up production.

By Mining.com

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[waldron] 12/7/2019 17:02

Iron Ore 120.25USD -0.07(-0.06%)
Gold COMEX 1,410.80 +0.29%
Silver COMEX 15.18 +0.22%
Platinum NYMEX 831.20 +0.04%
Copper COMEX 2.68 -0.20%
Brent Crude Oil NYMEX 66.81 +0.44%
Gasoline NYMEX 1.94 +0.16%
Natural Gas NYMEX 2.43 +1.33%
(WTI) 60.37 USD -0.07%


(BHP)
1985.6 GBp +0.30%



Rio Tinto
4,808.5 -0.32%


Anglo American
2,152.5 +0.68%


Glencore
266.3 +0.49%

[waldron] 12/7/2019 16:56

Rio Tinto PLC (RIO.LN) will shutter its Argyle diamond mine in 2020 when economically viable diamond resources will be exhausted, the company confirmed Friday.

The Anglo-Australian miner, the world's top exporter of iron ore alongside Vale SA (VALE), said following the last production at the mine, which is located in Australia, that it anticipates it will take five years to decommission and dismantle the mine and undertake rehabilitation. This will be followed by a further period of time for monitoring, the company said.

Rio Tinto first said in March 2018 that the mine had reserves to produce diamonds until 2020.

The Argyle mine has produced roughly 865 million carats of rough diamonds since production began in 1983. The mine became famous for its production of pink diamonds, which account for just over 1 million rough carats--or 0.13%--of production.

Rio Tinto has unveiled its most recent collection of pink diamonds at the mine, which includes three fancy red diamonds and weighs a total of 56.28 carats. The tender is being showcased in Perth, Australia, Hong Kong and New York before bids close in October.

Since production at Argyle began, less than 1,700 polished carats have been sold in the annual Argyle pink diamonds tender. If you were to combine all of the diamonds included in the annual pink diamond tenders, "you would barely be able to fill two champagne flutes" the company said.



Write to Oliver Griffin at [e-mail]; @OliGGriffin



(END) Dow Jones Newswires

July 12, 2019 10:48 ET (14:48 GMT)

[florenceorbis] 12/7/2019 12:03

RIO Deutsche Bank Hold 5,200.00 - Reiter

[waldron] 12/7/2019 07:11

U2 TAKE CARE AND ENJOY

Thanks again for your morning report

[waldron] 11/7/2019 16:56

Iron Ore 120.32 USD -0.52(-0.43%)
Gold COMEX 1,413.40 +0.06%
Silver COMEX 15.21 -0.14%
Platinum NYMEX 829.40 -0.07%
Copper COMEX 2.69 -0.22%
Brent Crude Oil NYMEX 67.04 +0.04%
Gasoline NYMEX 1.95 +0.19%
Natural Gas NYMEX 2.44 +0.29%
(WTI) 60.69 USD +0.38%

Rio Tinto
4,824 -0.66%

Anglo American
2,138 -0.72%

Glencore
265 -1.91%

(BHP)
1981 GBp -0.80%

[waldron] 10/7/2019 16:52

Iron Ore 120.84 USD -0.51(-0.42%)
Gold COMEX 1,409.50 +0.64%
Silver COMEX 15.18 +0.22%
Platinum NYMEX 830.40 +1.88%
Copper COMEX 2.68 +2.25%
Brent Crude Oil NYMEX 66.24 +3.24%
Gasoline NYMEX 1.92 +2.22%
Natural Gas NYMEX 2.47 +2.11%
(WTI) 59.44 USD +1.35%


Rio Tinto
4,852.5 +1.00%


Anglo American
2,153 +1.13%


Glencore
270.35 +1.56%

(BHP)
1996.8 GBp +1.10%

[sogoesit] 10/7/2019 08:45

Spot 62%Fe down 2.50% from recent highs.
Beware media headlines and short termism without looking at the fundamentals.
RIO closed yesterday at $60.58.
AIMV

[la forge] 10/7/2019 08:15

BHP Deutsche Bank Sell 0.00 1,900.00 - Retains


RIO Deutsche Bank Hold 5,200.00 - Reiterates

[waldron] 09/7/2019 17:06

Iron Ore121.35 USD 2.18(1.80%)
Gold COMEX 1,398.80 -0.09%
Silver COMEX 15.10 +0.30%
Platinum NYMEX 811.80 -1.05%
Copper COMEX 2.62 -1.54%
Brent Crude Oil NYMEX 64.23 +0.19%
Gasoline NYMEX 1.87 +0.98%
Natural Gas NYMEX 2.40 +0.84%
(WTI) 57.91 USD +0.85%


Rio Tinto
4,804.5 +0.05%


Anglo American
2,129 -1.62%

Glencore
266.2 -2.88%


(BHP)
1972.5 GBp -1.00%

[waldron] 08/7/2019 17:06

Iron Ore 119.17 USD 2.07(1.74%)
Gold COMEX 1,398.40 -0.12%
Silver COMEX 15.07 +0.43%
Platinum NYMEX 819.80 +1.04%
Copper COMEX 2.66 +0.11%
Brent Crude Oil NYMEX 64.53 +0.47%
Gasoline NYMEX 1.91 -0.99%
Natural Gas NYMEX 2.36 -1.17%
(WTI) 57.99 USD +0.61%


Rio Tinto
4,802 +1.66%


Glencore
274.1 +1.69%



Anglo American
2,164 +1.24%


(BHP)
1992.8 GBp +1.90%

[poikka] 05/7/2019 17:23

"On the London Stock Exchange, miners ended among the worst blue chip performers as iron ore prices fell after China's top mills formed a group to investigate whether non-market factors are causing the surge in prices."

[waldron] 05/7/2019 17:14

Not much to say,just swanning it in the 4600 to 4800p BOX