https://seekingalpha.com/article/4225730-nickel-monthly-news-mont...

https://seekingalpha.com/article/4225730-nickel-monthly-news-month-november-2018?page=12[/BCOLOR]​

Seeking Alpha : Nickel Monthly News For The Month Of November 2018​

Conclusion​

Nickel spot prices and inventories fell again in November. Clearly, nickel prices will soon need to rise. Otherwise, we will have some large nickel deficits in future years as the EV boom increases nickel demand. The urbanization of Asia and demand for stainless steel is the key driver of nickel demand at this time. The nickel juniors continue to progress well.
Highlights for the month were:​

• Nickel spot prices were lower on trade war/China slowdown fears, and the LME inventory was lower.
• Doubts cast on plans for deluge of new nickel supply from Indonesia.
• UBS forecasts a 41% increase in nickel consumption from 2018 to 2025 on the back of the EV boom.
• Nornickel - "We are looking at very high growth numbers in the battery sector, but it is starting from a very low base. For the next few years we are looking at more than 20 percent per year growth.”
• Norilsk Nickel - In 3Q18, consolidated nickel production amounted to 54kt, up 9% quarter-on-quarter (q-o-q).
• Sherritt Q3 nickel production up 10% YoY, adjusted Q3 EBITDA up 20%.
• Independence Group subscribes to 15% of Buxton Resources ordinary shares at 20c per share.
• Nickel juniors Poseidon Nickel and Garibaldi Resources report excellent drill results.
• S2 Resources takes 19.99% strategic stake in Todd River Resources.