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...Much of its output is lower purity material used in stainless steel, and further processing facilities to turn it into battery material are needed....
...Glencore plans to suspend production and sell its stake in the Koniambo nickel operations in New Caledonia after a sharp slump in price for the metal, a component of stainless steel and electric car batteries...
...Chinese companies made huge investments in Indonesian nickel to secure low-cost inputs for their stainless steel and to meet the expected surge in demand for electric car batteries....
...Tsingshan is the world’s largest producer of nickel and stainless steel and Xiang, who is nicknamed “the alchemist” for his ingenuity in metal processing, made a huge bet on falling nickel prices that backfired...
...Falling demand for stainless steel, which uses nickel, shifted global supply into surplus in November. There are large reserves of the metal elsewhere....
...It can be upgraded into LME-grade nickel with further processing at a cost. “At $30,000, who is buying [LME nickel]?” said one trader....
...Nickel processing projects are mostly led by Chinese businesses including stainless steel giant Tsingshan and battery maker Contemporary Amperex Technology....
...Yet they have also helped the development of its domestic processing and refining sectors....
...However, most of the increase in supply this decade is expected to come from Indonesia, a market overwhelmingly powered by coal-fired electricity where Chinese companies are building nickel processing projects...
...The valves, built with stainless steel and other alloys, must endure extensive verification processes and need to be government certified because of the dangers of leaks and explosions....
...The meat grows as the cells multiply in a stainless steel tank called a bioreactor. They feed on a broth that contains nutrients like carbohydrates, amino acids, minerals, fats and vitamins....
...Yet most of the increase in supply this decade is set to come from Indonesia, a market overwhelmingly powered by coal-fired electricity where Chinese companies are building nickel processing projects....
...Demand for nickel, which is also used in stainless steel, is expected to increase six-fold by 2030....
...The South East Asian country will bring forward a planned 2022 ban in an effort to attract more processing business rather than just exporting raw materials, according to Reuters....
...Nickel prices surged to a 16-month high on Thursday due to growing fears that Indonesia might ban exports of the metal, which is used in stainless steel....
...Outside of the DRC the most promising project is a giant $700m nickel-processing project being built in Indonesia by a consortium of investors including Chinese stainless steel giant Tsingshan and China’...
...Zhejiang-based steelmaker Tsingshan Holding Group has been processing locally sourced nickel into stainless steel in Morowali since 2017; together with Chinese battery makers GEM and CATL, Tsingshan is setting...
...It makes, it is fair to say, a lot of chips, processing more than 15 per cent of our national potato harvest....
...In the rush to build homes for the city’s swelling population, businesses that do everything from car repairs to food processing are being squeezed out....
...China/US deal breaks new ground A Chinese stainless steel company and an American competitor are embarking on a joint venture to bring metal made overseas into the US for processing, in a deal said to be...
...The sheds containing the servers processing data, blockchain transactions, and mining bitcoin, with their corrugated steel walls, perforated trusses, endless cabling, grid ceilings and industrial racking...
...Glencore is the country’s biggest producer at its Murrin Murrin nickel mine and processing facility in Western Australia....
...The price of the silvery stainless steel-making ingredient fell to $9,660 a tonne on London Metal Exchange, ending a 17 per cent rebound in price since the metal hit its lowest level since 2003 in early...
...But an increasing proportion is coming from crushing rock in Australia and processing the mineral in China, which is more energy intensive....
...That has hit global prices of nickel, which is used to produce stainless steel. The price of nickel fell 5 per cent onThursday to a four-month low on the London Metal Exchange....
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