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What the country does with its newfound power will be crucial for everything from prices to the future of mining investments
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Copper and nickel are indispensable to build up our renewable energy and EV industry without being overly reliant on external sources. Getting a grip on their supply is tied to India’s long-term goals of carbon neutrality. Recycling will be integral to the strategy of building up a reliable supply
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Irreversible reduction in production costs of nickel and gas mean that conventional wisdom of commodities markets – low prices cure low prices, and high prices cure high prices – has been turned on its head. It may be bad news for producers – and their shareholders — but cheap nickel and US gas are good news for the planet
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Slumping prices for nickel and lithium mean that electric vehicles have far better prospects than the current gloom in the market would suggest, as materials costs fall and encourage wider adoption. Copper has the opposite problem. Current prices are great for miners — but they make every product that will drive the decarbonization of our economy a little more expensive
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LFP batteries, which do not use Cobalt or Nickel, are now commanding a nearly 60% market share.
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Nickel prices are nearing 2-year lows as demand slips, with EV battery prices down 10% in August. Nickel inventories are at their highest surplus in a decade.
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The Ministry of Mines has prepared a list of critical minerals for India to ensure reduced import dependencies, enhance supply-chain resilience and support the country’s net zero objectives.
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Legal filings seen by Bloomberg News shed new light on the case that shocked the market earlier this year when Trafigura said it expected to lose nearly $600 million in what it called a “systematic fraud” perpetrated by Indian businessman Prateek Gupta.
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The metal has continued to be the basic metals sector's worst-performing contract commodity on the LME thus far in 2023, with a decline of more than 20%.
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Copper prices at a one-month high. Base metals gain strongly in China's GDP at 4.5%. Tune in live with Manisha Gupta as she updates you on the commodities markets.
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India currently consumes just over 80,000 tons of nickel annually and almost all of it is imported. The country is expected to be one of the key markets that will drive nickel demand alongside China in the coming decade
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Xiang has ambitious plans to expand into high-grade nickel and lithium and to integrate the raw materials into its own EV batteries
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One of the world’s biggest commodity traders faces more than half a billion dollars in losses from what it described as a ‘systematic fraud’ involving missing nickel.
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The latest steep fall in oil and metal prices, along with plentiful sowing in both the kharif and rabi crop seasons, is certain to push inflation lower in the next couple of months, according to analysts
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A ban would simply mean that metal from Russia — which accounts for about 9 percent of global nickel production, 5 percent of aluminum and 4 percent of copper — could no longer be delivered into any warehouses around the world in the LME network
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The suit was filed by two Elliott vehicles against the LME and its clearing house in the English High Court on June 1, according to a statement issued by Hong Kong Exchanges & Clearing Ltd., the parent company of the defendants.
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Global EV sales more than doubled to 4.2 million vehicles in 2021 from just over 2 million in 2020.
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Natural deposits found in Indonesia including nickel are important raw materials for electric vehicle production.
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The price of nickel, which is used to make stainless steel and is a key material for electric vehicle batteries, had been rising steadily even before the conflict in Ukraine drove prices up even further and triggered chaos at the London Metal Exchange in early March.
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What connects today’s nickel crisis at the LME to that of the BSE 30 years ago?
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If the LME management had not stepped in, four or five of the big broking firms at LME would have failed. The systemic risk could have spread across all asset classes.
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Nickel was suspended on March 8 after prices rose 250% in little more than 24 hours, largely as metals tycoon Xiang Guangda struggled to pay massive margin calls to his banks and brokers.
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This comes after China's Tsingshan Holding Group, one of the world's largest nickel and stainless steel producers, announced on March 14 it had entered into an arrangement with lenders under which they will not issue margin calls on or close out the producer's nickel positions on the LME.
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Exponential rise in nickel prices led London Metal Exchange (LME) to suspend trading in the metal.
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Benchmark Brent crude for May rose to an intra-day high of $131.27 a barrel before settling at $127.98 a barrel, 3.9 percent higher, while US crude futures settled at $123.70 a barrel, a 3.6 percent increase
