RPT-COLUMN-Stainless steel strength and supply hits reinforce nickel: Andy Home
Reuters
6 hrs ago
By Andy Home
(Repeats July 21 column without change. The opinions expressed here are those of the author, a columnist for Reuters)
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LONDON, July 21 (Reuters) - Nickel is making a comeback.
A strong pandemic recovery rally was rudely interrupted in March, when China's Tsingshan Group said it intended to produce battery-grade nickel at its Indonesian operations.
Converting what is currently a process stream for Tsingshan's stainless steel production to an input for electric vehicle cathode chemistry would undermine nickel's bull narrative of a looming shortfall of battery-quality metal.