Nickel: the most promising battery metal in the next decade

Nickel: the most promising battery metal in the next decade

According to Korean media reports, SKI recently said that the world’s first nickel content has been commercialized by 90%, and Ford plans to be announced in 2023, F-150 electric pickup is expected to carry the battery landing market.. 90% of batteries are called NCM9 batteries by the market because their positive electrode material is nickel, cobalt, manganese, and three elements are 90%, 5%, 5%, respectively.

. Nickel can improve the energy density of the power lithium battery, so high nickel positive materials (NCM811 and NCA) will be the big trend of future power lithium batteries, TSLA and domestic mainstream battery factories are promoting the development and application of high-nickel battery materials..

According to INGS, by 2030, nickel consumption of nickel with battery will reach 750,000 tons, which increased by 4.9 times higher than 2019..

Since 2018, high-nickel penetration rate is continuously improved. The high-rise lithium power is expected to reach 26.29% in 2020 domestic high-nickel NCM811 and NCA market.

It corresponds to about 70,000 tons corresponding to positive material materials. It is expected to over 60 more than 6025 %, Corresponding to positive electrode material demand is nearly 400,000 tons. Current nickel is widely used in steel, nickel-based alloys, electroplating, batteries, etc.

, nickel is expected to be the most promising battery metal in the next decade.. The Ministry of Industry and Information Technology announced in October 2016 “Non-ferrous metal industrial development plan (2016-2020)” has made more detailed introduction to nickel planning and industrial policy in my country, with nickel resources and nickel-new materials.

. Nickel resources, focusing on improving resource security capacity, accelerating domestic resources exploration, development, and promoting overseas resource development investment cooperation. Nickel new materials, focus on high-nickel positive materials, nickel-based high temperature corrosion-resistant alloy, carbonyl nickel, carbonyl nickel iron powder and other new materials.

According to USGS, the yield of the global nickel mine in 2019 reached 2.7 million tons of metal nickel. The global nickel production concentration is also higher, of which three countries in Indonesia, the Philippines, and Russia account for approximately 56% of the global nickel-mine production, and my country’s nickel production is only 4% of the world.

. From the company’s subject, the global nickel mine company has a low share, only the share of the Russian nickel industry and the freshwater river valley exceeds 5%. my country is a large country with nickel consumption.

In 2019, nickel applause consumption reached 1.3 million tons (metal nickel, the same), and 54% around the world..

However, as of the end of 2019, my country’s proven nickel mine reserves were only 2.8 million tons, 2019 nickel-mine production is only 110,000 tons..

Under the contradiction between huge consumption and scarce reserves, nickel resources in my country rely on countries imported from high-nickel mine stores such as Indonesia and the Philippines.. Nickel upstream mining resources have two types, namely, nickel sulfide and red soil nickel mine.

The mid-reaches of refining is very important in the process of nickel’s industrial chain process.. The downstream consumption is concentrated in the fields of stainless steel, alloy, electroplating and battery.

Its domestic nickel consumption is around 85%, and the global perspective is around 67%.. Nickel mine is important as two mines nickel nickel and red soil nickel mine, respectively correspond to different downstream applications.

Nickel sulphide is present in the form of nickel sulfide, has always been mainstream nickel smelting raw materials; red soil nickel mine is oxide mine, due to its large iron, the color exhibits red iron, referred to as red soil nickel mine. Nickel sulfide mine is important to use fire-based smelting process, and then further produce electrolyte nickel sulfate or electrolytic electrolyzed nickel by wet process, an important application of electrolytic nickel is used for stainless steel ingredients. The red soil nickel mine generally produces fire-based smelting directly to produce nickel-iron (Ni content> 15%) or nickel pig iron (NPI, Ni content <15%, this paper refers to nickel iron and nickel iron "as nickel, do not distinguish), and then production Stainless steel, small part uses a wet process to form nickel-binder or electrolytic nickel.

Ping An Securities believes that my country’s nickel resources is shortage, high foreign-dependent degree, weak resource security, current overseas resource investment development is small. On the basis of learning the successful related experience in the operation of the Overseas business of mining enterprises such as Zijin Mining, Luoyang Molybdenum Industry, my country’s Nickel Company has walked out of the national door, and the development of overseas nickel resource investment will be trend..

Nickel industry involves resource development, mid-reservoir and downstream product production, in order to adapt to market competitive environments, requiring industry companies to have strong industrial chain integration capabilities, form an integrated industrial layout. In addition, with environmental constraints, project investment, and customer requirements, small and medium-sized nickel will gradually withdraw from the market, and the market share of the leader is expected to further improve.

Leave a Comment

Your email address will not be published.

Scroll to Top