IMF - Ni demand to increase ten fold by 2050
Fitch is a johnny come lately macro economist and always get it wrong.
They are a ratings agency mainly not a commodity industry expert
Didnt predict the IOP or LiP booms or the EV demand did they? NOPE.
I cant see a NP peak till 2050 imho.
It will take 10 years of high prices above 15.00 (forget the 9.50 they mention) to generate global mass R&D, mill building & resource drilling with many mines going deeper & deeper say 2-7km deep.
SS will look shallow eventually.
Even in 2019 they saw this coming but way underestimated it even then -
https://n q m inerals.com/styhugiw/2019/09/Nickel-report-v02-19-08-19.pdf
"A chronic supply deficit in the future could become a clear possibility, given the growing demand from EV battery manufacturers. Market watchers are well-used to the wild swings in the nickel price, however, despite the recent battery fever, nickel prices are still a long way adrift from the past high of around US$51,000/t seen in 2007"
"Within the next five years, Bloomberg sees demand for the Class 1 nickel outstripping supply, due to the rapidly growing consumption by the EV industry. Market watchers seem to be forecasting a tight nickel market over the short to medium term plus a large long-term deficit. Metals research house CRU Consulting has estimated that this growing supply gap could climb to 1.79Mt by 2035"
https://s t o c k h e a d . c o m . a u /resources/2022-the-year-real-nickel-stood-up/
"Before Christmas, Poseidon Nickel (ASXOS) updated the market on its ‘Fill the Mill” strategy by fast tracking the restart of the Black Swan nickel op in Western Australia, putting the company in pole position for a bigger mining inventory to support the restart of the processing plant."
"Fitch expects the key mining hubs of Indonesia and the Philippines to start coping with Covid this year, ending disruptions and helping drive some very punchy growth in nickel ore production later in 2022 and well into 2023. Beyond the near-term things start to get fairly disco — where exponential demand and steadily higher prices for an increasingly versatile metal will be sustained by “persistent annual production deficits.”
For now, with New Caledonia’s reported 25% of global supply remaining offline and under the brilliant but possibly insane care of Tesla, the most fragile part of the global nickel mine supply pipeline is in Indonesia. Fitch warns: should there be delays to development of downstream processing facilities nickel ore could end up stranded, a risk which might effectively reduce the incentive for miners to boost output"
Even these guys call it a restart unlike the CEO.
Caledonia still not producing & they foolishly think Indo/Phillo will fill the gap as covid subsides, NUTS.
Did they not see the global covid outbreak the last month, especially in Indo/Phillo?
These estimates of demand and production are way off and have been for years.
The Ni deficit is hitting hard and growing daily.
Where will that extra 2MTpa production come from the next few years?
They & China wrongly think dirty slave mining NPI from Indo/Phillo will cover it... HAHAHA
WRONG AGAIN GUYS.
2022 will be the monster breakout rerate year for NP imho.
- Forums
- ASX - By Stock
- POS
- NICKEL NEWS
NICKEL NEWS, page-171
-
- There are more pages in this discussion • 1,095 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add POS (ASX) to my watchlist
|
|||||
Last
0.4¢ |
Change
0.001(16.7%) |
Mkt cap ! $14.63M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.3¢ | $16.08K | 4.353M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
110 | 66704834 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 46233176 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
109 | 66671501 | 0.003 |
35 | 65284719 | 0.002 |
23 | 93592753 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 46233176 | 24 |
0.005 | 38094091 | 23 |
0.006 | 9078000 | 13 |
0.007 | 8518277 | 9 |
0.008 | 1800000 | 1 |
Last trade - 15.43pm 06/09/2024 (20 minute delay) ? |
Featured News
POS (ASX) Chart |