Nickel news, page-233

http://translate.googleusercontent.com/translate_c?depth=2&hl=en&nv=1&rurl=translate.google.com&sl=ko&sp=nmt4&u=http://m.fntimes.com/html/view.php%3Fud%3D2018041112571223671ab245d71a_18&xid=17259,15700002,15700022,15700186,15700190,15700256,15700259,15700262&usg=ALkJrhhGauG08XrtPwZ6n-PEzZDzNpbPTA#_home


This translated article is always useful to go back to (apologies couldn’t get the URL link to work just paste if want to view) especially in light of this mornings discussion as it outlines SKI’s original reasoning in getting involved with AUZ well over a year ago now. Yep the cobalt market has changed significantly since then but just because supply has rushed in doesn’t mean it won’t tighten up again. Same can be said for nickel.

“SK Innovation has signed an agreement with AM in Australia, which has the ability to produce 'battery metal' that has been differentiated from conventional metal billets such as cobalt sulfate and nickel sulphate. Antioxidant processes are essential for battery anode production, but existing domestic companies are purchasing metal that has not undergone antioxidant processes, so further processing in China was inevitable”.

”However, SK Innovation has signed a contract to secure cobalt sulfate and nickel sulfate, which are materials optimized for battery production, so that they can be applied directly to cathode materials without going through these processes.”