Indonesia to accelerate nickel output despite low global prices

Excellent summary of Nickel outlook.

My summary:

Indonesia output and Nickel price certainly is the solution for Nickel chemistry substitution.

Dire for Nickel producers / competitors higher in the cost curve.

Investment opportunity for those with long term outlook; large scale low cost operations such as Aston will sit within the first quartile of the cost curve.

Aston is currently still being evaluated and placed in the same basket as high cost operations.

Large scale, low grade Nickel will be profitable at current prices, improved margins at $18,000 per ton and with the help of Indonesia secured long term demand for Nickel for EV batteries.

The penny drop moment will be the ‘Indonesia supply is not going away, who can thrive not just survive (on government bailouts) the low nickel price environment and supply western markets long term. Not many companies can say yes we can, Aston is one of the few’


https://www.ft.com/content/ba1e9856-66aa-4082-b6cd-261b798d050f

Source: Financial Times