[exclusive investigation and Analysis of SMM] New raw materials for newly produced nickel chloride or nickel sulfate

SMM, July 24th:

According to SMM research, recently, some traders want to try to promote the nickel oxide of Gebe Industry Nickel into the raw material supply of battery-grade nickel sulfate. Although Vale tried to push its nickel oxide into the raw material supply side of nickel sulfate 1-2 years ago, according to the relevant enterprises in the industry, the nickel oxide produced by Vale was not widely used in the raw material supply side of nickel sulfate due to production process and economic reasons.

Gebe Industry Nickel's annual production of nickel oxide is expected to be about 15000 metal tons. This year, due to the impact of the epidemic, the operating rate is relatively low. Production is expected to be about 7000 metal tons this year, and will return to normal production next year. It is understood that the nickel chloride production process is acid leaching at room temperature and pressure, with a relatively high sulfur content of 7.54%, a nickel content of 51.84% and a cobalt content of 0.72%. The following are specific detection indicators:

So far, the nickel chloride has not been quoted in the market, and some precursor plants and nickel sulfate plants said that in such a depressed market environment, if the nickel chloride quotation is economical, it will easily enter the raw material supply side of nickel sulfate. SMM will also continue to track research and update the latest news.