The Battery Show

Recording date: 29th January 2025 Kung Hei Fat Choi – Happy New Year Over the past 2 weeks, nickel made a strong break of over 16,000 per tonne off the $15,000 low set earlier in the month but couldn’t escape the Trump turbulence, which dragged metals prices back down, although nickel has dropped less than some other metals like zinc.  Over the last 2 weeks, we have seen NPI prices and stainless p...

Recording date: 12th of January, 2025 Indonesia, controlling roughly two-thirds of global nickel supply, is positioned to significantly influence nickel prices in 2025 by actively managing its output. The country is expected to target prices in the $20,000-$21,000 per tonne range, according to Canada Nickel CEO Mark Selby. This price target reflects Indonesia's strategic interests, as nickel and s...

Interview with  Tim Moody, President & CEO of Pan Global Resources Inc. Andy Home, Senior Metals Correspondent, Reuters Recording date: 8th January 2025 The tin market is experiencing significant transformation as the metal's role in the global energy transition becomes increasingly critical. As a crucial component in electronics soldering and solar panel coatings, tin demand is expected to gr...

Recording date: 20th December 2024 The global copper market is poised for significant growth, with BHP projecting a 70% increase in demand through 2050, driven by economic development, energy transition, and digital infrastructure expansion. This growth trajectory, averaging 2% annually, builds on historical demand that grew at 3.1% annually over the past 75 years. The current market comprises 31...

Mark Selby, CEO of Canada Nickel Corp Recording date: 20th December 2024 Mark Selby, a prominent nickel industry expert, predicts nickel prices will reach $20,000 per ton by the end of February 2025, driven by supply constraints and steady demand growth. Despite current prices hovering around $15,000 per ton after sliding from a $21,000 peak in May 2024, several factors point to an imminent price...

Recording date: 25th November 2024 The nickel market has faced some headwinds in recent months due to concerns over Chinese economic growth and the potential impacts of U.S. tariffs on trade. However, nickel prices have shown resilience, bouncing back over the $16,000 per ton level after dipping to lows around $15,500 earlier in the year. One of the key factors supporting the bullish outlook for n...

Recording date: 7th November 2024 The often overlooked tin market is poised for a potential supply crunch in the coming years as strong demand from the electronics and electric vehicle sectors collides with increasing disruption risks from dominant producers Myanmar and Indonesia. Over half of global tin consumption goes into soldering for circuit boards and semiconductors, making it a direct play...

Recording date: 4th November 2024 The nickel market is on the cusp of a major inflection point. Prices look poised to surge back towards $20,000 per ton by year-end and could have much further to run as a structural supply deficit emerges. The key driver is the rapid electrification of the global auto fleet. Electric vehicle sales are defying skeptics, soaring 22% through September to hit a record...

Recording date: 17th October 2024 Interview with Andy Home, Senior Metals Columnist, Reuters The global metals market is experiencing significant volatility and transformation, driven by the ongoing energy transition and geopolitical tensions. This dynamic landscape presents both challenges and opportunities for investors looking to capitalize on the critical minerals sector. Lithium, a key compon...

On prices, First half of the month, nickel briefly touched prior lows around $15,500 per tonne but bounced back up into $16-$16,500 range, where they have spent the bulk of recent time, but saw a big rally where prices moved more than $2,000,$1/lb over $18,000 per tonne (Now at $17,600) as concern about ore supply keeping market tight despite demand weakness.  Nickel inflows into inventory a littl...

Recording date: 4th September 2024 Nickel continuing back into range of $16-$16,500 per tonne after flirting with $17,000 per tonne last time we talked 2 weeks ago. Exchange inventories continue to tick up at 2-3kt per week and expect to see another 20-30kt of nickel delivered before market comes back to balance. The “R” word is pummeling the equity markets, and it remains to be seen whether banks...

Interview with Mark Richard Gasson, Executive Chairman, and Paul Anthony Barrett, CEO of Rome Resources PLC Recording date: 30th August 2024 Tin, often overlooked in discussions of critical metals, is emerging as a key player in the global transition to advanced technologies and renewable energy. With demand projected to double over the next two decades, tin presents a compelling investment case w...

Recording date: 28th August 2024 The Battery Show (Copper Bottomed, Episode 17) The copper market has seen significant volatility in recent months, with prices ranging from $3.92 to $5.25 per pound before settling around $4.25. This fluctuation was driven by Chinese housing market weakness and fund positioning, rather than fundamental demand. While Chinese demand remains soft, ex-China demand, par...

Recording date: 22nd August 2024 Nickel prices bounced around $16-$16,500 for the last 2 weeks – popped up yesterday to $16,800, and flirted with $17,000. Ore prices have marched higher and increased each of the last 2 weeks – 1.5% Philippine ore key benchmark has climbed by $6/tonne or 12.5% to $54/tonne – flows right through to the cost floor. This is even with demand not quite as strong as we e...

Recording date: 2nd August 2024 The Nickel Market: A Strategic Investment in the Green Energy Transition Down 5%, back up 7% - welcome to the nickel world. Nickel back up to $16,500 range ($7.50/lb) after getting all the way down to $15,500 when we last spoke 2 weeks ago The “Great Compression” continues – NPI discounts continue to narrow- have narrowed by nearly 25% over the last 2 weeks.  Sulpha...

Recording date: 18th July 2024 The Battery Show (Copper Bottomed, Episode 16) The copper market has seen significant action over the past two months, with prices rising to around $5/lb before pulling back to current levels of $4.41/lb. This volatility has been driven by fund flows and aggressive trading by financial institutions, sometimes at odds with on-the-ground market conditions in China. Whi...

Recording date: 16th July 2024 It has been a big couple of weeks on the nickel market front. Nickel prices gave up 5% last week driven by the news flow – have seen inventories climb another few thousand tonnes (as expected). Sulphate prices in China have held steady, while stainless has gone a little soft. The big news since we last talked is BHP's announcement that it will close all of its Wester...

Recording date: 2nd July 2024 Nickel climbed back up to the $17,500 range. LME inventories are up about 5,000 tonnes (another China/Indonesia refinery had product certified last month) to 93 kt, while SHFE inventories dropped up 2,000 tonnes to 22.5 kt. LME inventories are at 2 years high - this was expected by me – we’re now up about 80kt across both exchanges since the market bottom – while that...

Recording date: 20th June 2024 Nickel — I was wrong on the short-term move. I got the dip below $19K but didn’t see it breaking down all the way to $17,300 (just under $8/lb). It's still 15% off the lows and generally in place where expected. The drop in the lithium price is taking some steam out of restocking, but according to INSG, nickel demand was up 9% in Q1. With the drop in nickel price, di...

Recording date: 4th June 2024 Nickel is continuing to retrace a big move along with copper. Now trading just over $19,000 – in line with my expectations of seeing some consolidation at these $19-$20K levels. We may see a brief dip below $19K as copper breaks down through $10K (as I expected - copper physical market lousy, inventories in Shanghai highest since 2020) Nickel should be well-supported...

Recording date: 23rd May 2024 Nickel – lots of excitement over the past week since we saw each other in London last week to end up back at the same spot.  Trading just over $20K per tonne, after climbing up to a high $21K level (nearly $10/lb) before falling back along with copper (which also hit all-time highs on LME of nearly $11K or $5/lb.  LME inventories ticked up a couple of thousand tonnes...

Recording date: 16th May 2024 *Nickel's Electrifying Ascent: Riding the Wave of EV Demand to $20,000 and Beyond* In a world rapidly embracing electric vehicles (EVs), nickel has emerged as the metal of the moment. With prices surging past $20,000 per ton, savvy investors are asking: is this just the beginning of nickel's electrifying ascent? According to industry experts like Mark Selby, CEO of Ca...

Recording date: 9th May 2024 The global economy's accelerating transition towards clean energy and electrification has positioned copper as one of the most critical metals of the 21st century. Copper's unparalleled thermal and electrical conductivity properties make it an essential material across industries, with demand surging due to its crucial role in electric vehicles, renewable energy infras...

Interview with Mark Selby, CEO of Canada Nickel Recording date: 2nd May 2024 Nickel bouncing around on either side of $19,000.  Post our last meeting, nickel got up to $19,700 before turning back down, dropping through $19,000 last night for the first time in 2 weeks. LME inventories, after falling down to mid-70 thousand tonnes, have bounced back up to a high 70 thousand tonnes The price rally ha...

A weekly Nickel market review with Mark Selby Nickel Market commentator and CEO of Canada Nickel Corp. Recording date: 18th April 2024 The nickel price has surged by a significant margin, climbing another couple of percent to reach $18,200. This marks a substantial retracement from the previous high of $18,000s. Additionally, LME inventories have seen a 3% decrease over the past week, a factor tha...