Page 691 - ANC20-Proceedings-Presentations-Full

Nickel sulphate supply chain integration and feedstock availability

Trend towards non-integrated sulphate supply over last decade, but this is expectedto

reverse over the near tomedium-term

Nickel sulphate production by integration (mining to refining), 2010 vs 2020 vs 2025

2010 2020

• Producers relying on externally-sourced feedstock have
played an increasingly important role in nickel sulphate

Non- Integrated supply in recentyears
integrated 33%
48% Integrated Non- • In 2010, producers with captive mine supply produced
52% integrated
67% over half of the nickel sulphate output, whilst in 2020,
production from non-integrated producers accounted for
the majority of the output

• MHP main area for growth of available intermediates for
third-party processing. Whilst crude NiSO and nickel matte
4
2025 are forecast to remain relatively flat across the period, with
marginal increases

• Roskill forecasts a much greater contribution from
integrated supply in the coming years, as non-integrated
Non-
Integrated
integrated producers remain reliant on feedstock availability and
49%
51%
demand