NILSY News and Press, MMC Norilsk Nickel PJSC ADR From 12/30/22

Summary Nickel spot prices were significantly higher the last month and the LME inventory was higher. Nickel market news - BMI: You can build the cathode/battery/EV plants; but if you don't have the raw materials, they're just expensive weights on your balance sheet. Nickel company ...

Summary Cobalt spot prices were flat for the month. LME inventory was also flat for the month. Cobalt market news - Cobalt metal prices diverge on demand shifts due to strength in aerospace demand and weakness in battery demand notably from consumer electronics. ERG: "Total demand f...

Summary Cobalt spot prices were flat for the month, LME inventory was slightly lower. Cobalt market news - Strong cobalt production and weaker demand has pushed the cobalt market into a significant surplus this year. The U.S. DoE awards $2.8 billion in grants. Cobalt miners' n...

Summary Sibanye Stillwater's stock has been hit by recession fears. Sibanye Stillwater's operational problems in South Africa persist. Management has been diversifying into green metals and in safer jurisdictions. I expect the strong balance sheet and PGM division's revenu...

Summary The LME continues to review a ban that would keep Russian aluminum, nickel, and copper from the exchange. The LME seems anxious to avoid the ongoing drain of non-Rusal aluminum in their warehouses being replaced solely by new deliveries of Rusal metal. The German gover...

Summary Nickel spot prices were slightly higher the last month and the LME inventory was slightly lower. Nickel market news - BMI: 72 new 45,500tpa nickel mines needed by 2035. LME: Most (metal) markets fundamentally remain tight at the moment. Nickel company news - Vale guide...

Summary Cobalt spot prices were up slightly for the month, LME inventory was lower. Cobalt market news - BMI: The world will need 62 new cobalt mining projects of 5,000tpa by 2035, 38 if recycling is factored in. Cobalt miners news - Vale and Huayou plan to build an $1.8b HPAL...

Summary Nickel spot prices were generally flat the last month and the LME inventory was lower. Nickel market news - IEA:60 new nickel mines needed to meet demand by 2030. US Inflation Reduction Act EV tax credits supports nickel from North America and free trade allies. Nickel...

Nickel spot prices were lower last month and LME inventory was lower. Nickel market news - Woodmac forecasts increase in supply will see the global nickel market be in surplus this year and next, which will put downward pressure on prices. Nickel company news - Nornickel H1 2022 t...

Cobalt spot prices were significantly lower for the month, LME inventory was lower. Cobalt market news - Chinese demand for cobalt weakens. Ernst, Manchin seek to end U.S. Dependence on China for defense materials. Cobalt miners news - CMOC's Congo mine suspends copper and cobalt ...