REMINDER: Our user survey closes on Friday, please submit your responses here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Mining will indeed need to increase in the green revoltion. Ripping tons of ore out of the ground and processing is the green road to a happy place holding hands under a clean air sky, only marginally obscured by the German coal burning electricity plants.
A lot will have to change. God knows why we are giving up nuclear. We have the by product of nuclear weapons that we can threaten developing economies with when they try to industrialise.
Exciting times ahead!
No idea what people’s obsession is with China, but let’s point out the obvious here!
China is soaking up the worlds resources, because it takes good quality material, and just makes ****! That **** then breaks so it needs more!
China’s top selling EV is a £3.5K mini EV that is so poorly built, one accident and it’ll be scrapped! Not to mention, driver will be dead... But, if they’re lucky enough to survive, they will need a new car... And that’s after running a cat over!
No doubt, the very low range, long charge, poor battery will need replacing, ever 2 years! One cold winter and they f’d.
It won’t take China long before it blows its way through that class 2 nickel!
The big boys, the interesting markets are Europe and America! The reason being is they won’t buy cheap ****! We don’t want uncomfortable cheaply made cars that won’t last.
So, the nickel market will have a stream of constant demand from China, and quality stuff will be needed for the rest of the world!
I didn’t realise poster were not allowed to have an opinion on this board? I also had not picked up that TDT was our expert.
Blue,
Mining has been around far longer than oil production, the mining process is already optimized, oil production is still a work in progress.
Thought exactly the same thing BobTpt.
MD
I guess you people have never wondered how so much oil is produced, at so little price per barrel!
I’ll let you into a secret! At one point, oil was really expensive to produce! Demand grew, so investments were made into infrastructure and technology, and now it can survive a global pandemic at floor prices! But anyway, the worlds moving away from oil and into green energy!
Mining has had so little investments in recent years, that mining is still massively expensive! The price of metal has been low! Mining companies are struggling on a 9% profit margin.
What will happen in the green revolution is mining will get much needed investments, new tech, which will result in mining being cheaper! Demand is only one part of the equation, which is set to increase, due to various infrastructure changes, countries building new capital cities, countries going green, EV. But also, mining itself will ultimately become cheaper!
Blue, not taking sides, but do you actually carefully read and comprehend what TDT has written ??
You was the one that suggested America would stick to gas guzzlers! So I explained as to why I was looking at the American market.
The world is so intwined proven by Covid! One country locked down, the whole world had to follow! The one country that didn’t, Sweden, didn’t fair to well economically. Took a hit just like the rest. It’s ridiculous to assume that no other country will follow the rest, when really, it will have no choice.
I’ve been around long enough thank you!
"ou’re looking at now, I’m looking to the future market!"
Oh really, silly me.
You haven't been around long have you!
TDT
You’re looking at now, I’m looking to the future market! America will not stick with its gas guzzlers, oil will become expensive as oil tycoons follow the money! Ie mining.
What you want is demand to slow as it will create a bottle neck! Also, those that uptake EV atm will likely lose out on better technologies that will come to the fore.
It’s the rabbit and tortoise at race here in my opinion! And personally I believe the tortoise will win!
The US under Trump stalled but that's not where the action is. Its Europe, China and the ROW. America ony accounts for 10% to 12% of worldwide car purchases each year. Europe and China combined account for close to 40% and that's where the action is. America could stick with its gas guzzlers and it wouldn't make much of a difference to what is going to happen in the EV/nickel space. I don't think they will stick with their gas guzzlers but I do think that, whereas in the past people looked to America to see what the next bing thing is going to be, they're now looking to China, the Far East and, to a lesset extent, Europe.
There's just over 8 months of the year left. The Yanks still have a bit of time to catch up.
TDT
EV sales in the United States had been slowing before the COVID-19 crisis, with annual growth decreasing from 80 percent in 2018 to 12 percent in 2019. A number of US-based OEMs have recently delayed the start of production on new EV models (as of May 2020, they had postponed the introduction of at least five).
It may just have been an American site that I read, might not have been a global statistic! I read so many statistics, that my heads rammed with useful and useless information.
We all know, the population will be forced to take up EV tech, whether they like it or not. I’m not saying the demand is going away, the demand is guaranteed. What I’m saying is, there’s massive market forces at play, and no one knows how this will play out!
You have competition within mining.
Competition within battery technology.
Competition within countries (India has already stated it won’t be relying on China)
Competition with car manufacturers.
Completion within consumers (wanting better than joe down road)
As stated the race has just begun!
"Currently the selling of EV has slowed,"
I don't know what it is that you are reading that brings you to that conclusion because everything I'm reading is suggesting the opposite. Last years 3.2m EVs were sold worldwide, this year its looking like it will be 5m+. A CAGR of 50%+ going forward will see a minimum of 25m+ EVs being sold worldwide by 2025. That's when the nickel shortage will start to kick in. The price of nickel, however, should take off long before then.
TDT
They are uncertain times, BUT if you look at the petrol/diesel markets, how many engine ranges do they have... If you buy a £20k Ford, you don’t have the same engine as a £200k Porsche. Well that’s going to come through on EV market. There will be a massive range of batteries on offer, and consumers will ultimately decide! I’m not worried that some companies have sworn not to use nickel, their minds will be changed!
Currently the selling of EV has slowed, because they are still too expensive for the vast majority of people, so price has to come down! The cheapest processing and better quality of end products will win out!
This race has only just started! Exciting times ahead!
Blue
Interesting.
I hasve seen it written in several places that Korean and Japanese battery makes will only use class 1 nickel sourced fro sulphides for more or less the reasons you mention. The purity of the nickel is very much an issue in lithium ion batteries so the Chinese could be taking a big risk in pursuing the strategy they are. Having said that would anybody bet against Tsingshan pulling this off?
On the other hand BYD have committed to using only LFP batteries in their EVs. Very uncertain times at the moment.
TDT
China is obviously trying to capitalise on the EV battery race, by partnering up with Indonesia, with its class 2 nickel! I believe it will be a big mistake, and will turn out far more costly than they even imagine. I also believe the batteries that nickel will produce will be of low quality!
Just my opinion though... Time will tell!
"Proves China hasn’t won the race just yet!"
Explain!
TDT
https://www.google.co.uk/amp/s/www.globalminingreview.com/mining/30032021/mincor-opens-cassini-nickel-mine-in-kambalda/amp/
Proves China hasn’t won the race just yet!