About 65% To 70% Of Nickel Ore Is Expected To Be Sold To The Battery Industry In 2018

About 65% To 70% Of Nickel Is Expected To Be Sold To The Battery Industry In 2018

BHP Billiton CEO Andrew Mackenzie stated that he hopes to sell its Nick West nickel company in Australia as soon as possible. He also said that even if the current and future development prospects of the electric vehicle industry are huge, the demand for nickel will increase significantly, and the company will not be able to increase BHP Billiton’s overall profit.

BHP Billiton said it will focus on developing other key commodities, including copper, iron ore, petroleum, and buyers seeking more battery-grade nickel assets that they are willing to purchase.

BHP Billiton hopes to broaden its business in the battery industry by increasing its supply of cobalt.” Haegel said that BHP Billiton will begin production of nickel sulfate next year and plans to double its production, and will continue to establish a stable battery customer consumption chain.

It is expected that by the end of 2019, BHP Billiton’s supply of nickel sulfate will reach 90%, two years ahead of schedule. Haegel also stated that according to 2017 data, BHP Billiton expects that approximately 65% to 70% of nickel production will be sold to the battery industry in 2018, approximately 45,000 to 50,000 tons of nickel ore.