<2024> Battery nickel metal report (~2030)
Nickel
is a key resource for electric vehicle batteries and the stainless-steel
industry, and global demand is steadily increasing. Recently, with the
development of high-pressure acid leaching (HPAL) and nickel matte technology,
processing of low-grade ores has become possible, and it is one of the
industries where eco-friendly production is accelerating. As a key mineral that
is emerging as an essential resource for the global economy and energy
transition, Indonesia and China are playing an important role in mining.
Nickel
prices exceeded USD 25,000 per ton in 2022 due to increased EV demand and
supply chain issues caused by the pandemic, but fell to USD 15,000 per ton in
2024, down USD 10,000, due to the slowdown in the EV market and the
sluggishness of the Chinese real estate market. In particular, the rise of LFP
batteries and the electric vehicle chasm phenomenon are increasing the risks
for companies due to failures in demand forecasting. Such unstable market
trends are making it difficult to predict growth.
This
report provides an in-depth examination of the latest technologies in the
upstream electric vehicle industry, covering the entire process from nickel ore
beneficiation and mining to the refining of nickel sulfate, which is used as a
key material in batteries. It also includes an analysis of the production
status, investment trends, and outlook of key production countries and
companies, including Indonesia. From the perspectives of the battery and
electric vehicle markets, the report offers insights into global nickel
consumption by cathode material manufacturers, battery producers, and EV OEMs.
Finally, it presents an analysis of nickel supply and demand forecasts and
price outlooks, drawing on data and insights from SNE Research.
This
report is systematically structured to ensure that anyone, from upstream
industry experts to non-specialists outside the sector, can clearly and easily
understand the entire nickel industry. Additionally, it provides essential
insights for global companies, investors, and policymakers to develop
sustainable growth strategies amid the rapidly changing market environment.
Strong
Points of This Report:
1. Nickel
usage in the battery industry
This
section provides a quarterly analysis of nickel usage by global battery,
electric vehicle (EV), and cathode material manufacturers, along with a
forecast for Q4 2024. It predicts nickel demand in the EV industry, offering
valuable insights for companies to optimize production plans and proactively
manage supply chain risks.
2. Nickel
supply and price outlook
Based
on SNE Research’s core data and market insights, this section presents a
long-term nickel supply and price outlook through 2030. It provides an in-depth
analysis of price fluctuations, based on the global supply-demand balance,
helping investors and companies make strategic decisions.
3. Nickel
mining technology and production processes
This
report offers detailed information on the beneficiation and refining
technologies for both oxide and sulfide ores. It includes insights into the
production processes of 11 major companies, highlighting the latest
technological trends and production efficiencies. This section helps clarify
how advancements in mining and refining technologies impact the industry.
4. Understanding
the nickel industry
This
section explains the different types of nickel ores, intermediates, and final
products, as well as the use of nickel in various industries, including
stainless steel and alloys. It is designed to provide a comprehensive view of
the latest industry trends and outlook, making it accessible to both
non-specialists and industry experts alike.
1.
Nickel Raw Materials Outlook
1.1
Characteristics of Nickel Raw Materials
1.1.1
History of Nickel
1.1.2
Types of Nickel Ores
1.2
Global Nickel Reserves
1.3
Types of Nickel-containing Minerals
1.3.1
Nickel Sulfide Ores
1.3.2
Nickel Oxide Ores
1.3.3
Other Nickel-containing Minerals
1.4
Nickel Processing and Production
1.4.1
Nickel Production Process
1.4.2
Types and Characteristics of Nickel Products
1.4.3
Nickel Intermediates
2 Nickel
Industry Trends
2.1
Nickel Industry Usage Share
2.2
Global Nickel Consumption and Smelting
2.3
Nickel Product Characteristics
2.3.1
Class 1 Nickel
2.3.2
Nickel Pig Iron (NPI)
2.3.3
Ferron Nickel
2.3.4
MSP, MHP
2.3.5
MHP and HPAL Technology
2.3.6
Nickel Matte
2.3.7
Stainless Steel (STS)
3. Nickel Mining Country Trends and Outlook
3.1
Indonesia
3.1.1
Indonesia's Nickel Industry
3.1.2
Key Mining Areas – Sulawesi (Morowali)
3.1.3
Key Mining Areas – Maluku (Weda Bay)
3.1.4
Indonesia's Nickel Regulations and Price Changes
3.1.5
Indonesia's Mining Law
3.1.6 Indonesia's
Nickel Production
3.1.7
Outlook for Indonesia's Nickel Production
3.1.8
Key NPI/FeNi Projects
3.1.9
Upcoming NPI/FeNi Projects
3.1.10
Other Nickel Smelting Projects
3.1.11
Foreign Investment Trends
3.2
Australia
3.2.1
Nickel Mines in Australia
3.2.2
Australia's Nickel Industry
3.2.3
Issues in Australia's Mining Industry
3.2.4
Outlook for Australia's Nickel Production
3.2.5
Key Nickel Mining Projects in Australia
3.3
Philippines
3.3.1
Nickel Industry in the Philippines
3.3.2
Nickel Smelting Industry in the Philippines
3.3.3
Regional Mining Characteristics and Trends
3.3.4
Mining-related Policies
3.3.5
Nickel Production in the Philippines
3.3.6
Outlook for Nickel Production in the Philippines
3.3.7
Nickel Projects in the Philippines
3.3.8
Latest Trends in the Philippine Nickel Industry
3.4
Russia
3.4.1
Russia's Nickel Industry
3.4.2
Nickel Mining Areas in Russia
3.4.3
Issues Related to Metal Trading and Import Bans, and Price Trends
3.4.4
Nickel Production in Russia
3.4.5
Outlook for Nickel Production in Russia
3.4.6
Nickel Projects in Russia
3.5 New
Caledonia (Nouvelle-Calédonie)
3.5.1
Nickel Industry in New Caledonia
3.5.2
Key Mining Companies
3.5.3
South Korean Companies Operating in New Caledonia
3.5.4
Nickel Exports and Production
3.5.5
Outlook for Nickel Production in New Caledonia
3.6
Canada
3.6.1
Canada's Nickel Industry
3.6.2
Canada's Critical Minerals Strategy and Goals
3.6.3
Trends in Battery and EV Industry Investments
3.6.4
Investment Trends in Nickel Companies
3.6.5
Nickel Production in Canada
3.6.6
Outlook for Nickel Production in Canada
3.7
China
3.7.1
China's Nickel Industry
3.7.2
Nickel Consumption in China
3.7.3
Nickel Mining in China
3.7.4
Nickel Product Import/Export Trends
3.7.5
China's Nickel Sulfate Production
3.7.6
Stainless Steel Nickel Industry
3.7.7
Outlook for Nickel Mining in China
3.7.8
Policies for the Development of the Nickel Industry in China
4. Global Nickel Supply and Demand Status & Outlook
4.1
Global Nickel Supply Status
4.2
Global Nickel Supply Outlook
4.3
Nickel Mining by Ore Type
4.4
Outlook for Nickel Sulfate Supply
4.5
Global Nickel Supply and Demand Outlook
4.6
Outlook for Nickel Demand in Batteries
5.
Outlook for Nickel Demand in EVs by Global OEMs
5.1
Nickel Demand for Global Commercial EVs
5.2
Nickel Demand from US Sales OEMs
5.3
Nickel Demand from Europe Sales OEMs
5.4
Nickel Demand from China Sales OEMs
6.
Nickel Usage by Country for EVs
6.1
Nickel Usage by Cathode Material Companies
6.1.1
United States
6.1.2
Europe
6.1.3
China
6.2
Nickel Usage by Battery Companies
6.2.1
United States
6.2.2
Europe
6.2.3
China
7.
Nickel Price Analysis
7.1
Nickel Price Fluctuation Factors
7.2
Nickel Price Trend
7.3
Nickel Price and Investment Return
7.4
Nickel Production Cost by Period
7.5
Nickel Sulfate Production Return Comparison
7.6
Global Nickel Price Long-Term Outlook
7.7
Global Nickel Price Scenario
7.8
Battery-Grade Nickel Sulfate Price
8.
Understanding Nickel Commodities
8.1 LME
Nickel Futures Contracts
8.2
Features of Nickel Trading Platforms
8.3
Nickel Futures Contract Process
8.4
Nickel Trading Strategies
9.
Nickel Production Technology
9.1
Nickel Beneficiation Technology
9.1.1
Understanding Beneficiation
9.1.2
Nickel Sulfide Ore Beneficiation
9.1.3
Nickel Oxide Ore Beneficiation
9.1.4
Beneficiation Technologies by Company
9.2
Nickel Smelting Process
9.2.1
Oxide Ore (Laterite)
9.2.2
Oxide Ore (Limonite) High-Pressure Acid Leaching (HPAL) Process
9.2.3
Oxide Ore (Limonite) Caron Process
9.2.4
Oxide Ore (Saprolite) RKEF Process
9.2.5
Oxide Ore (Saprolite) Tsingshan Process
9.2.6
Comparison of NPI and Matte Processes for Oxide Ore (Saprolite)
9.2.7
Sulfide Ore Smelting Process
9.2.8
Sulfide Ore Dry Smelting (Smelting-Converting)
9.2.9
Nickel Dry Smelting (Carbonyl Process)
9.2.10
Nickel Refining Supply Chain
9.3
Outlook for Nickel Processing Technologies
9.3.1
DNi Process™
9.3.2
HCl Leaching - CRETECH
9.3.3
Phosphoric Acid Leaching
9.3.4
Bio Leaching
9.3.5
Nickel Hydrogen Reduction
10.
Nickel Production Technologies by Company
10.1
POSCO Group (South Korea)
10.2
Nornickel (Russia)
10.3
Vale (Brazil)
10.4
Glencore (Switzerland)
10.5 BHP
(Australia, UK)
10.6
Anglo American (UK)
10.7
South32 (Australia)
10.8 IGO
(Australia)
10.9
Eramet (France)
10.10
Sumitomo Metal Mining (Japan)
10.11
Jinchuan Group (China)
11.
Nickel Mining Company Analysis
11.1
Nornickel (Russia)
11.2
Vale (Brazil)
11.3
Glencore (Switzerland)
11.4 BHP
(Australia, UK)