"Glencore will acquire all ferronickel produced from the Araguaia project"
Underinvestment in #nickel project, @Glencore is at mercy of their falling production numbers.
Underinvestment in #nickel project, @Glencore is at mercy of their falling production numbers.
Glencore Trading desk seeing their ni stockpile melting like snow in the sun. Rumors they use to own 50% of LME stocks in their own facilities Access world.
Now being Chinese?
metalbulletin.com/Article/400493…
Now being Chinese?
metalbulletin.com/Article/400493…
So now why Glencore keeps publishing cobalt offtakes with battery makers, Freyr, Tesla, GEM but no #nickel offtakes?
Last I checked, chemistry was 1 part #cobalt for 6 to 8 part #nickel
roskill.com/news/automotiv…
greencarcongress.com/2021/11/202111…
Last I checked, chemistry was 1 part #cobalt for 6 to 8 part #nickel
roskill.com/news/automotiv…
greencarcongress.com/2021/11/202111…
Glencore’s committed production from the asset totals 26ktpy + #cobalt in contained hydroxide.
But no #nickel so far!
Their customers would need
At 811 208ktpy ni
At 622 156ktpy ni
But no #nickel so far!
Their customers would need
At 811 208ktpy ni
At 622 156ktpy ni
So why Glencore hasn't been able to sell their #nickel at the speed of #cobalt ?
Spoiler: because they can't. Store is empty.
No new projects
Lower production #
Infrastructures in bad shape (NC)
Spoiler: because they can't. Store is empty.
No new projects
Lower production #
Infrastructures in bad shape (NC)
And that's where twiggy and BHP saw (or at least being pressured by @elonmusk and @smaryssael ) that gap for clean #nickel
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