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Nickel market volatility hits China's battery industry

Nickel market volatility hits China's battery industry

FromCommodities Focus


Nickel market volatility hits China's battery industry

FromCommodities Focus

ratings:
Length:
13 minutes
Released:
Mar 25, 2022
Format:
Podcast episode

Description

Nickel prices hit an unprecedented $101,365/mt in early trading on March 8 following a historic short squeeze on pure nickel and have been volatile ever since.  China, the world's largest consumer of nickel, has seen trading activity for nickel sulfate, an important component of nickel-cobalt-manganese (NCM) batteries, fall to an all-time low. This comes at a time the China is witnessing booming domestic demand for electric vehicles. S&P Global Commodity Insights' Clement Choo, Lucy Tang and Jesline Tang discuss what the nickel price volatility could mean for battery chemistries and pricing moving forward. Tell us more about your podcast preferences so we can keep improving our shows. Take our two-minute survey here: https://bit.ly/plattspod22
Released:
Mar 25, 2022
Format:
Podcast episode

Titles in the series (100)

S&P Global Commodity Insights analysis of key news and pricing issues from across the global shipping, natural gas, power, petrochemicals, agriculture, and coal markets.