Nickel has outstanding physical and chemical properties, which make it essential in hundreds of thousands of products. Its biggest use is in alloying – particularly with chromium and other metals to produce stainless and heat-resisting steels.
Nickel is one of the base metals associated with the transition to green energy in all developed countries. In the report of the World Bank Minerals for Climate Action, this metal is assigned to the “Cross-Cutting Minerals” group. This group is used in a variety of green energy technologies and does not depend on its demand and does not depend on one particular technology. Consequently, the demand for these minerals will exist regardless of which technologies are more advanced.
MINING AND PRODUCTION
Nickel prices have shown steady growth rates over the past years. Indicators were volatile during the first six months of this year and reached almost USD 20,000 per ton.
Copper is a metal that has a unique combination of various properties: excellent corrosion resistance, high ductility, attractive color and texture, high thermal conductivity and good electrical conductivity.
Today, copper and copper alloys metal is used in the following main areas: construction – 43%; electrical and electronic industry – 20%; transport equipment – 20%; consumer and general products – 10%; and industrial machinery and equipment – 7%.