Nickel and zinc - important for the energy and transport transition
Nickel is used in many industrial applications. Zinc provides corrosion protection
(PresseBox) - Nickel is widely used in the production of nickel alloys and stainless steel and is involved in electromobility. Due to the increasing demand for batteries, the demand for nickel will also go up. Last year, Germany ranked third in nickel imports. It is dependent on Russia. Imports reached a value of around 840 million euros. When nickel is used in alloys, small amounts are sufficient to make steel stronger and more resistant to corrosion. In 2021, 73 percent of the world s nickel was used for steel production. Second in line is its use in batteries. Both are areas of application that unanimously agree will see growth in the coming years. In the battery sector, the metal is expected to increase in use by up to 30 percent annually. Currently, a ton of nickel costs more than 23,200 US dollars.
Industrial metal prices appear to be benefiting from receding economic fears. After all, inflation in the USA fell in July, from 9.1 to 8.5 percent. If the economy is expected to pick up again, prices for industrial metals may rise again. In addition to nickel, zinc is also one of the important commodities, even though inflation is currently weakening growth in the automotive and construction sectors. The latest economic data from China add to this. Thus, Chinese industrial production has lost some momentum. New corona outbreaks have currently been reported from China. However, the economy will recover and the hour of zinc will come. The largest zinc producer in China is Griffin Mining - https://youtu.be/KgcS9L245MI -. The company owns 88.8 percent of the Caijiaying zinc-gold mine (zinc, gold, silver, lead metals). In nickel pleases Canada Nickel Company - https://youtu.be/hconKNJAX4w , which is advancing the main project Crawford (nickel and cobalt) in Ontario.
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Datum: 18.08.2022 - 04:04 Uhr
Sprache: Deutsch
News-ID 665566
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