Compared with the current nickel manganese cobalt batteries, LFP batteries are cheaper to produce and more affordable.

与目前的镍锰钴电池相比，LFP电池生产成本更低，价格更实惠。

PT Vale Indonesia Tbk said on Monday that it would cooperate with two Chinese mining companies to jointly process limonite nickel ore in Indonesia, to support the country's ambition for greater nickel downstream processing and to establish a thriving domestic electric vehicle supply chain.

PT Vale Indonesia Tbk周一表示，将与两家中国矿业公司合作，在印度尼西亚联合加工褐铁矿镍矿，以支持该国扩大镍下游加工的雄心，并建立繁荣的国内电动汽车供应链。

The company signed a Definitive Cooperation Agreement with Zhejiang Huayou Cobalt Co Ltd and PT Huali Nickel Indonesia on Friday to construct high-pressure acid leaching facilities that target 60,000 tons of nickel and around 5,000 tons of cobalt per annum in mixed hydroxide precipitate products, which can be further processed into electric vehicle batteries.

周五，该公司与浙江华友钴业有限公司和PT华利镍业印度尼西亚有限公司签署了最终合作协议，建设高压酸浸设施，目标是每年在混合氢氧化物沉淀产品中生产60000吨镍和约5000吨钴，这些产品可进一步加工成电动汽车电池。

The project will process limonite nickel ore from the Sorowako block and the high-pressure acid leaching facilities will be located in Malili, East Luwu, South Sulawesi, it said.

该项目将处理索罗瓦科区块的褐铁矿镍矿，高压酸浸设施将位于南苏拉威西岛东卢武的马利利。

"This co-operation is in line with Indonesia's vision to build a domestic EV ecosystem and make PT Vale an important contributor toward addressing the world's decarbonization challenge, with an investment that will generate local economic benefits and ensure the optimal utilization of Indonesia's nickel resources," said Febriany Eddy, CEO of PT Vale Indonesia.

PT Vale Indonesia首席执行官Febriany Eddy表示：“这一合作符合印尼的愿景，即建立国内电动汽车生态系统，使PT Vale成为应对世界脱碳挑战的重要贡献者，投资将产生当地经济效益，并确保印尼镍资源的最佳利用。”。

"Chen Xuehua, chairman of Huayou, said the cooperation is another combination of Huayou Cobalt's world-leading, green and low-carbon high-pressure acid leaching technology, Indonesia rich nickel resource advantage and PT Vale's sustainable mining practices.

”华友董事长陈学华表示，此次合作是华友钴业全球领先、绿色低碳的高压酸浸技术、印尼丰富的镍资源优势和PT Vale可持续采矿实践的又一次结合。

The company has supplied China with approximately 3 billion metric tons of high-quality iron ore products, as well as with high-quality base metals products such as nickel and copper.

该公司已向中国供应了约30亿吨优质铁矿石产品，以及镍和铜等优质贱金属产品。

According to Ni, CATL recycles over 99 percent of nickel, cobalt and manganese used in its batteries, and the corresponding rate for lithium is more than 90 percent.

据Ni介绍，CATL回收了其电池中99%以上的镍、钴和锰，而锂的回收率也超过了90%。

Global mining giant BHP said it will continue investing in China and deepen its partnerships with local players in the country, as demand for metals including copper and nickel is expected to rise as China goes full throttle into its green energy transition.

全球矿业巨头必和必拓表示，将继续在中国投资，并深化与中国本土企业的合作关系，因为随着中国全力推进绿色能源转型，包括铜和镍在内的金属需求预计将上升。

Demand for copper, nickel and potash is expected to increase significantly to support the megatrends of decarbonization and electrification in China, which will be providing massive opportunities for global mining companies like BHP, said Vandita Pant, chief commercial officer of BHP.

必和必拓首席商务官Vandita Pant表示，铜、镍和钾肥的需求预计将大幅增加，以支持中国脱碳和电气化的大趋势，这将为必和必拓等全球矿业公司提供巨大机会。

"BHP aims to grow its future-facing commodities, such as copper, nickel and potash, over the coming year, with copper for renewable energy, nickel for electric vehicles, potash for sustainable farming, and iron ore and metallurgical coal for the steel needed for global infrastructure and the energy transition," she said.

她说：“必和必拓的目标是在未来一年发展铜、镍和钾肥等面向未来的大宗商品，其中铜用于可再生能源，镍用于电动汽车，钾肥用于可持续农业，铁矿石和冶金煤用于全球基础设施和能源转型所需的钢铁。”。

"Estimates by BHP show that over the next 30 years, steel demand will almost double, global copper production will need to more than double and primary nickel production will increase nearly fourfold to power the next generation of battery technology, compared to the last 30 years.

“必和必拓的估计显示，与过去30年相比，未来30年，钢铁需求将几乎翻一番，全球铜产量将需要翻一番以上，初级镍产量将增长近四倍，为下一代电池技术提供动力。

PT Vale Indonesia Tbk, a subsidiary of Brazilian mining giant Vale SA, said on Monday that the company has signed a Definitive Cooperation Agreement with Zhejiang Huayou Cobalt Co Ltd to process nickel ore from its Pomalaa Block in Indonesia, a key milestone as part of its project pipeline.

巴西矿业巨头巴西淡水河谷公司（Vale SA）的子公司PT Vale Indonesia Tbk周一表示，该公司已与浙江华友钴业有限公司签署最终合作协议，从其位于印度尼西亚的Pomalaa区块加工镍矿，这是其项目管道的一个关键里程碑。

The Pomalaa Block High-Pressure Acid Leach project is estimated to produce up to 120 kilotons of nickel that will be important for supporting the electric vehicle battery ecosystem, it said.

据估计，波美拉区块高压酸浸项目将生产多达12万吨镍，这对支持电动汽车电池生态系统至关重要。

The company recently announced it has raised $381 million from the GDR offering on the Zurich-based SIX Swiss Exchange, which will be used in the company's European power battery recycling and new energy material manufacturing project, and Indonesia's nickel resource project.

该公司最近宣布，已从总部位于苏黎世的SIX瑞士交易所的GDR发行中筹集3.81亿美元，将用于该公司的欧洲动力电池回收和新能源材料制造项目以及印度尼西亚的镍资源项目。

GEM, representing Green, Eco and Manufacturer, also cooperated with several other new energy companies in 2019 to set up a joint venture, namely PT QMB New Energy Materials in Indonesia, to develop nickel materials.

代表Green、Eco和Manufacturer的GEM还在2019年与其他几家新能源公司合作成立了一家合资公司，即印尼PT QMB新能源材料公司，开发镍材料。

The project is designed to produce 50,000 metric tons of nickel intermediates and 4,000 tons of metal cobalt from nickel laterite mines to meet growing demand for nickel resources buoyed by surging new energy vehicle battery manufacturing.

该项目旨在从红土镍矿生产5万公吨镍中间体和4000吨金属钴，以满足新能源汽车电池制造业激增带来的对镍资源日益增长的需求。

With two decades of development, the company has expanded its business and covers areas like recycling cellphone batteries, electronic waste, scrapped vehicles, lithium cobalt nickel strategic resources and others.

经过20年的发展，该公司扩大了业务范围，涵盖了手机电池回收、电子垃圾、报废汽车、锂钴镍战略资源等领域。

GEM also recycled over 60,000 tons of nickel and more than 30,000 tons of tungsten over the same period.

同期，GEM还回收了6万多吨镍和3万多吨钨。

Meanwhile, lithium, cobalt, nickel and other upstream raw materials, which are used to make EV batteries, have witnessed soaring prices since last year.

与此同时，自去年以来，用于制造电动汽车电池的锂、钴、镍和其他上游原材料的价格飙升。

This type of battery uses metal oxides of nickel, cobalt and manganese and packs more punch for its weight than other batteries.

这种类型的电池使用镍、钴和锰的金属氧化物，与其他电池相比，其重量更大。

As the new energy vehicles in China are to become more prevalent in the years to come, the company is committed to further increase its presence in the country and supply more reliable, sustainable supply of raw materials such as nickel for batteries, he said.

他说，随着新能源汽车在未来几年在中国的普及，该公司致力于进一步增加在中国的业务，并提供更可靠、可持续的原材料供应，如电池用镍。

BHP, he said, anticipates that demand for nickel from the battery sector will grow by over 500 percent in the coming decade.

他说，必和必拓预计，未来十年，电池行业对镍的需求将增长500%以上。

Zijin's overseas investment strategy took effect in 2005 when the company forged a cooperation agreement with Mwetaung mine for exploring nickel and other minerals in Myanmar.

Chinese nickel and steel producer Tsingshan Holding Group wrapped up the building of two high carbon ferrochrome furnaces in Selous in Mashonaland West province last month, a Zimbabwe minister said on Tuesday.

"Henry said that to keep pace with the development of renewable technologies such as electric vehicles and solar energy, copper production will have to double over the next 30 years and that for nickel will have to increase nearly fourfold to power the next generation of battery technology.

As one of the major global suppliers of nickel, BHP is positioned to support the growth of electric vehicles in China, the world's largest auto market, and continue to support China's next stage of rapid development that will come with a lower environmental footprint with the power mix to shift from one dominated by coal to low-carbon sources, he said.

Analysts said China has the capability to advance economic growth at the same pace while protecting the environment, and new demand for copper and nickel, driven by greener technologies and product innovations, is also fueling momentum in the country.

As one of the major global suppliers of nickel, BHP is well-positioned to help EVs thrive in the world's largest auto market.

"Nickel makes a vital contribution to the lithium-ion batteries that power electric vehicles, and Chinese demand for high-quality nickel sulphate is expected to surge as the trend towards EVs accelerates further.

BHP is investing in expanding its nickel operations and exploration activities as global demand is expected to grow.

Founded in 1959, Jinchuan Group boasts an annual production capacity of 200,000 tons of nickel, 1 million tons of copper, 10,000 tons of cobalt, 3.5 tons of platinum group metals, 30 tons of gold, 600 tons of silver, 200 tons of selenium and 5.6 million tons of chemical products.

Its annual output of nickel and cobalt rank third and fourth in the world respectively.

CATL batteries are primarily focused on prismatic cell formats using NMC (lithium nickel manganese cobalt oxide) chemistries, which have found massive application in China's booming electric vehicles (EV) market.

Eurasian Resources Group, the international metals and mining company, said it is bullish on its prospects in the China market, given the explosive growth of electric vehicles, which is expected to boost demand for metals like lithium, cobalt, copper and nickel.

"Electric vehicles will play an increasingly important role in the demand for metals, including cobalt, lithium and nickel for batteries, copper for charging stations and aluminum for lightweight auto bodies," said Zhu Yi, senior analyst of metals and mining at Bloomberg Intelligence.

"China Minmetals has strength in base metals including copper, zinc, and nickel, and minor metals including tungsten, and antimony, with abundant resources and leading production volume," she said.

"We plan to continue to grow in iron ore but will reduce the dependency on iron ore, and make sure the base metals start performing better, especially nickel, copper and cobalt, to have the Carajas unit contribute more to our overall revenues and performance," said Schvartsman.

That's also because of China and its big strides in electric vehicles and the consequent demand for batteries, said Schvartsman, adding that nickel, cobalt and copper production will get a boost from the growth in electric vehicles.

Chinese company and its British subsidiary Henry Bath bring worldwide scope to commodity connectivityInside a 20,000-square-meter warehouse, forklift truck drivers are lifting blocks of copper, nickel, zinc and other metals, piling them into neat stacks.

Raw iron, nickel or chromium have little value individually, but once they are mixed together, the alloy will acquire special characteristics such as being stainless or very strong.

"Indonesia is a key area for our foreign business because Shenwu's technologies are the right fit for helping to explore the country's resources," said DengLast year, the company jointed forces with Sangai Raya Nickel Alloy Co Ltd from Indonesia to help build a $700 million plant to process low-grade red ore of nickel and brown coal.

"Canada is rich in commodity goods including copper ore, nickel ore, iron ore, petroleum, wheat, soybean and other agricultural products.

From nickel ore and steel to power batteries and electric vehicles, Chinese companies, including electric vehicle battery maker Contemporary Amperex Technology Co Ltd, carmakers Wuling and Chery and internet companies, such as Douyin and Shein, have gradually formed a complete industrial chain in Indonesia.

The SHFE has set up 12 delivery warehouses in the Shanghai FTZ covering the exchange's 10 futures products such as copper, aluminum, nickel, low sulfur fuel oil and natural rubber.

During the same period, the import of nickel matte registered a substantial growth of 179.9 percent, hitting 2.17 billion yuan.

From January to March, Qinzhou Port handled 40,000 tons of new energy raw materials, such as nickel sulfur, nickel iron, and spodumene, imported via the New International Land-Sea Trade Corridor, a 37-fold increase over the same period last year.

Meanwhile, Gansu's import of metal, ore sand and new nickel and cobalt materials increased significantly this year.

The import of new nickel and cobalt materials registered a year-on-year growth of 165.9 percent to reach 3.71 billion yuan in the first six months.

Since the outbreak of the Russia-Ukraine conflict, prices of aluminum, nickel and copper have risen significantly.

Xin said the ministry will moderately accelerate the development of resources such as lithium and nickel to meet the demand for boosting battery production.

While it is the world's largest producer and exporter of fuel oil, Russia is also an important producer of aluminum, nickel, palladium and copper.

Meanwhile, prices of commodities like aluminum, nickel and zinc have also surged.

Ukraine's emergence as a potential flashpoint in the region around Russia could also cause a butterfly effect, sending commodity prices, including those of oil, gas, agricultural products, aluminum and nickel, spiraling higher as supply woes multiply, said Zhu Yi, a senior analyst with metals and mining at Bloomberg Intelligence, a market monitor.

CNGR Advanced Material Co Ltd, a company in the city that provides new energy materials for lithium batteries, is talking with Indonesia about importing nickel ore. Qinzhou Port is the domestic port with the greatest number of container ships bound for ASEAN markets.

As China's cities transition to high-quality urbanization, they will require more future-facing resources, including copper and nickel for electrification and energy storage, which are central to BHP's strategy and future portfolio, said BHP CEO Mike Henry during the 2021 China Development Forum on Saturday.

As one of the major global suppliers of nickel, BHP is positioned to support the growth of electric vehicles in the world's largest auto market and continue to support China's next stage of rapid development as China's next phase of growth will come with a lower environmental footprint with the power mix to shift from one dominated by coal- to low-carbon sources, he said.

Imports of mechanical and electrical products and new nickel and cobalt materials kept soaring.

Imports of new nickel and cobalt materials hit 2.39 billion yuan, surging 67.2 percent year-on-year.

Imports of mechanical and electrical products and new nickel and cobalt materials kept a high upward momentum, and imports of metal ore and ore increased.

Among the products, the import of electrical and electronic products reached 1.71 billion yuan and the import of nickel and cobalt new materials reached 2.11 billion yuan, up 36.7 percent and 78 percent year-on-year, respectively.

Imports of mechanical and electrical products and nickel and cobalt maintained a high growth rate.

Imports of nickel and cobalt in Gansu province reached 1.79 billion yuan during the same period, up 80.8 percent year-on-year.

The supply-demand gap for strategic emerging minerals such as lithium, cobalt and nickel continues to shrink, the report said.

China aims to increase domestic mining of nonferrous metals, especially strategic minerals like copper, aluminum, nickel, lithium and platinum group metals, the country's top industry regulator said on Friday.

China aims to increase domestic mining of strategic minerals such as copper, aluminum, nickel, lithium and platinum group metals, which are now in shortage, the country's top industry regulator said on Friday.

With lithium included, minerals of strategic significance such as cobalt and nickel also saw their reserves grow during the period.

The figure was calculated on the output of the new list of 10 leading non-ferrous metals, including copper, aluminum, lead, zinc, nickel, tin, antimony, silicon, magnesium, and titanium, Chen added.

Although confronting uncertainties caused by high prices of materials such as nickel, lithium and graphite, and geopolitical tensions, the foreign trade of China's machinery industry — a key economic indicator — rose 3 percent on a yearly basis to $1.07 trillion in 2022, maintaining $1 trillion of foreign trade value for the second consecutive year, said the Beijing-based China Machinery Industry Federation (CMIF) during a news conference.

, and step up efforts ensuring the steady supply of key resources like lithium, nickel, cobalt and platinum as well as promote the development of alternative materials.

The 10 leading non-ferrous metals are copper, aluminum, lead, zinc, nickel, tin, antimony, mercury, magnesium, and titanium.

"With China witnessing a wave of 'retirement' of NEV batteries and soaring prices of commodities such as cobalt, nickel, lithium and manganese over the past four years, we have sent more people to various provinces to secure the source of obsolete NEV batteries to maintain robust growth in recent years," he said.

The production of nickel, cobalt, manganese, lithium and other metals extracted from aged batteries has doubled year by year, fueled by mature technologies and practical solutions.

Its annual processing capacity for nickel and cobalt is about 60,000 tons and 35,000 tons, respectively.

"As we plan to recycle 300,000 tons of NEV batteries by 2025, the metals of nickel, cobalt, manganese and lithium contained in them will reach nearly 100,000 tons," Zhang said.

Its renewable nickel, cobalt, lithium and other metal resources will rise to between 20 percent and 30 percent of the corresponding demand, as estimated by Tianjin-based China Automotive Technology and Research Center Co Ltd. Sun Fuquan, vice-president of the Chinese Academy of Science and Technology for Development in Beijing, said that in addition to supporting China's "3060" carbon goals, battery recycling will become one of the indispensable measures to promote the sustainable growth of NEVs, energy storage and other fields, as well as alleviate the shortage of key raw materials.

The 10 major non-ferrous metals are copper, aluminum, lead, zinc, nickel, tin, antimony, mercury, magnesium and titanium.

The ten leading non-ferrous metals are copper, aluminum, lead, zinc, nickel, tin, antimony, mercury, magnesium and titanium.

Though nickel prices have recently gone into chaotic overdrive, the craze will be short-lived and investors should remain rational at this critical moment, said experts.

The London Metal Exchange announced on Tuesday night a suspension of all trading in its nickel contracts as the LME three-month nickel CMNI3－the primary pricing reference for the global physical supply chain－hit a record high of $101,365 a ton early on Tuesday.

All physically settled nickel contracts due for delivery on March 9 or later were all deferred.

The Shanghai Futures Exchange has thrice released risk warnings of soaring nickel prices between Feb 23 and March 7.

In an announcement released on Tuesday, the SHFE reminded members and investors of the drastic price fluctuations of nickel in overseas markets.

Commissions for six major nickel contracts trading on the exchange will be elevated from Thursday.

A-share listed nickel industry leaders such as Zhejiang Huayou Cobalt Co Ltd and Chengtun Mining Group touched their daily downside limits of 10 percent on Wednesday.

The extremely low nickel inventory is the basic reason for the commodity's stratospheric prices, said Cheng Jun, founder of Springwell (Shenzhen) Capital Management LLC.

The global storage of electrolytic nickel fell from 500,000 tons in 2016 to 81,300 tons in March.

The likely heightening of sanctions on Russia could tighten nickel supply in the West and drive up LME nickel prices to an all-time high, said Zhu Yi, a senior analyst of metals and mining at Bloomberg Intelligence.

According to figures released by Bloomberg, nickel exports from Russia accounted for 13 percent of the world's total exports of the metal.

Soaring nickel prices are partly the inflationary result of recent spiking energy prices, said Wang Yanqing, senior analyst of nonferrous metals at China Futures.

The sanctions on Russia's energy industry will continue to push up oil prices and escalate prices of downstream products, with nickel being no exception.

But Zhu of Bloomberg Intelligence said nickel's sharp price jump may soon be corrected after a "short squeezing".

UBS analysts estimate nickel prices will drop to $34,000 in June and further slide to $28,000 by March 2023.

Xin Guobin, vice-minister of industry and information technology, said in a news conference that the ministry will speed up collaboration with other government departments to improve the supply system for key resources needed in NEV manufacturing, including lithium, cobalt and nickel.

Alongside nickel and cobalt, lithium allows electricity to be stored and transported, making it essential in electric battery production as car manufacturers move away from polluting fossil fuels.

But Europe will not even meet more than 30 percent of its lithium, nickel and cobalt needs in 2030, according to a report submitted to the French government last week.

The French government has set aside a budget worth 1 billion euros ($1.14 billion) and launched tenders to extract or refine lithium, cobalt, nickel and iridium.

The Research Center for Strategy of Global Mineral Resources under the China Geological Surveyxa0conducted the research and summarized it in the Report for Lithium, Cobalt, Nickel, Tin, and Potash Reserves in the World 2021.

China has limited production capacity to supply raw materials for steel production, and more than 80 percent of iron, manganese and nickel ores are imports, while almost all chrome ores are imported, with import sources highly concentrated in a few countries, according to Li, who is also deputy head of the China Iron and Steel Association.

China has limited production capacities of raw materials for steel production, and more than 80 percent of iron, manganese nickel ores rely on imports, while almost all chrome ores are imported, with import sources highly concentrated, according to Li, who is also deputy head of China Iron and Steel Association.