Tag: BHP

Fertilizer International presents a global round-up of current potash projects.

In early October Tesla held a ‘battery day’ event at its headquarters in Fremont, California. Speaking at the event, company founder and CEO Elon Musk outlined his vision for the electric car industry over the coming decades, and spoke particularly to his ambitions for the nickel industry. He had already called for more mining of nickel earlier in the year, and has said that Tesla is developing cathodes that will contain higher nickel and no cobalt. The latter comes after a lawsuit against Tesla and several other high-tech US firms for allegedly supporting human rights violations by buying cobalt from the Democratic Republic of Congo. Musk echoed the potential ‘reputational risk’ for the nickel market and called for more sustainable nickel production, dangling the prospect of a “giant contract” with any miners that could produce nickel in an “environmentally sensitive way.” Tesla is reportedly in discussions with Vale and BHP as well as the Indonesian government concerning potential investments in nickel production.

Although 2019 had been a volatile year for acid markets, with shutdowns disrupting supply, the coronavirus outbreak wrought even more havoc in 2020, across both supply and demand.

Metal markets are used to ups and downs, and, as we discuss elsewhere in this issue, this year has seen more than most, mainly thanks to the virus that is still keeping us indoors – as I write this, the UK has just moved back into a second national ‘lockdown’. However, this year has seen the fortunes of one metal in particular simply rise and rise – nickel.

Nelson Silva was appointed to Nutrien’s board of directors in the second week of August. His appointment coincided with the retirement of David C Everitt from Nutrien’s board, where he has been a director since 2013.

Johnson Matthey (JM) has been selected by China’s Ningxia Baofeng Energy Group as licensor for a third methanol synthesis plant at their coal to olefins complex near Yinchuan in Ningxia province. With a planned capacity of 7,200 t/d (2.4 million t/a), the unit will be the largest single train methanol plant in the world once completed.

Recent protests in Belarus have triggered a wave of share price volatility, London’s Financial Times reported on 18th August.

Sulphur demand in Australia has been boosted by the restart of the nickel leaching plant at Ravensthorpe, and new HPAL projects are under development, but a slew of new phosphate projects are not scheduled to consume more acid domestically.

There was a rapid increase in sulphuric acid demand for copper, uranium and nickel leaching from 1995-2015, but over the past few years growth in this sector has slowed dramatically. Now however there are signs that demand is starting to pick up again with several new projects under development.

How the macro market responds to the coronavirus pandemic over the months ahead and governmental response in different parts of the globe will likely have a lasting impact on the outlook for the sulphur market.