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Nornickel presents market review of nickel and platinum group metals

Green Car Congress

This is primarily due to a significant surplus in the Class 2 market that occurred in 2022 and is expected to remain throughout 2023-2024, mainly owing to growing production of low-grade nickel in Indonesia. The forecast for nickel supply in 2023 is almost unchanged at 3.45 Mt to 3.22 Mt (7% year-on-year growth).

Market 304
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ADB Study Finds Annual Economic Losses in Southeast Asia from Climate Change Could be More Than Twice the Global Average

Green Car Congress

The mean cost of cost of climate change for the four countries—Indonesia, Philippines, Thailand, and Viet Nam—under a “business-as-usual” scenario and if market and non-market impacts and catastrophic risks are all considered could be equivalent to losing 6.7%

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Canada Nickel launches subsidiary to develop zero-carbon production of nickel, cobalt and iron

Green Car Congress

These environmental challenges will only worsen given the industry supply profile with the bulk of recent nickel supply growth and the main source of future production growth being nickel pig iron production in Indonesia, which, according to industry sources, uses 25-30 tonnes of coal to produce each tonne of nickel.

Canada 318
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Nickel: The metal driving the EV revolution – ET Auto

Baua Electric

Moreover, the company holds 50% of the domestic market share for nickel sulphate, which it hopes to increase by signing a long-term contract for nickel sulphate supply with a South Korean EV battery manufacturer. Just by debottlenecking, the company hopes to achieve 10 kilo tonnes per annum (KTPA) production capacity in the next six months.

Li-ion 52
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New phase of globalization could undermine efforts to reduce CO2 emissions

Green Car Congress

The study, involving researchers from the University of East Anglia (UEA) and colleagues in China and the United States, investigated how complex supply chains are distributing energy-intensive industries and their CO 2 emissions throughout the global South. —Prof Guan.

Emissions 170
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Researchers show oil palm plantation expansion a significant source of CO2; projected to contribute more than all of Canada’s current fossil fuel emissions by 2020

Green Car Congress

Oil palm supplies more than 30% of world vegetable oil production. The study, published as an open access paper in the journal Nature Climate Change , shows that deforestation for the development of oil palm plantations in Indonesian Borneo is becoming a globally significant source of carbon dioxide emissions. Curran, Gregory P.

Oil 273
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PwC analysis finds meeting 2 C warming target would require “unprecedented and sustained” reductions over four decades

Green Car Congress

—Leo Johnson, Partner, Sustainability and Climate Change, PwC. The risk to business is that it faces more unpredictable and extreme weather, and disruptions to market and supply chains. Resilience will become a watch word in the boardroom—to policy responses as well as to the climate.