Australia's largest stock trading and investment forum Australia's #1 stock forum

WSA

Click for more information

0.00%

$3.86 western areas limited

Yep,Matte will only be used on the cheap and nasty EVs,will be...

First 14 Last

Share
Profile

Follow
lightning23

469 Posts.

69

17/03/21

11:04

Post #: 51828382
Share

Originally posted by fugazied: ↑

The process to convert nickel matte to high grader nickel is pyrometallurgical, which means it needs heat (energy), which means somewhere between 3 to 10 times more emissions than the traditional processing technique. It also requires the addition of sulphur which will lead to sulphur dioxide pollution (acid rain) and widespread health problems in local communities.

Then, there is the additional cost. Creating nickel matte from NPI translates into a costs somewhere around US$7.00+ per lb. This compares to the NPI cost of $3.50 to $4.50.

Remember that nickel matte and NPI currently sell for about the same price.Why would producers spend more to create nickel matte when they receive the same price for it?

The high emissions means EU and Biden's United States won't accept that material. Tesla won't want it for their American/EU vehicles at least. VW, Toyota, Ford, GM, etc won't want it.

The only buyer might be budget Chinese car makers in the domestic market and even then, there will be a price to pay for such huge emissions.

Expand

Yep,
Matte will only be used on the cheap and nasty EVs,
will be throw away batteries with no range and a very limited charge cycle.

WSA Price at posting: $2.06 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

MIN

Ellison slapped with $20M sanction from MinRes but will stay on as leader – for now

There are more pages in this discussion • 14 more messages in this thread...

First 14 Last

Add WSA (ASX) to my watchlist