The Economic Times reported that technical innovations have pushed the break-even cost for nickel pig iron produced via rotary kiln electric furnace (RKEF) in China down to $12,500 per metric ton, meaning that nickel prices, which are already low, could fall further.
The Economic Times reported that technical innovations have pushed the break-even cost for nickel pig iron produced via rotary kiln electric furnace (RKEF) in China down to $12,500 per metric ton, meaning that nickel prices, which are already low, could fall further.
As quoted in the market news:
RKEF technology uses about a third less power than conventional production methods.
‘At the moment, around 30 percent of the whole supply in China is made out of RKEF and that figure is growing so that next year you’ll have 50 percent,’ [Dennis] Zamora[,senior vice president for marketing and strategic planning at Nickel Asia Corp.] said in an interview.
The Philippine company is one of the world’s lowest-cost producers of nickel laterite ore, the low-nickel-content material used in nickel pig iron, 60 percent of which it ships to China.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1828.48 | +5.05 | |
Silver | 21.35 | +0.20 | |
Copper | 3.83 | +0.06 | |
Palladium | 1905.50 | +37.50 | |
Platinum | 912.00 | +5.00 | |
Oil | 111.21 | +1.64 | |
Heating Oil | 4.19 | +0.07 | |
Natural Gas | 6.48 | -0.02 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â