Nickel Refined Cost Tracker

Cost Service

Nickel Refined Cost Tracker

While stainless steel still accounts for two-thirds of demand, nickel’s use in lithium-ion batteries is experiencing enormous growth. Nickel’s connection to high-growth energy transition applications is resulting in the development of large volumes of new supply, much of which is focused on Indonesia. Use the nickel refined cost tracker to compare nickel operation production costs across the industry. The cost tracker allows you to examine current and historic cost performance on an asset-by-asset basis, comparing financial performance from 2015 to now. The tracker enables a user to understand the forces underpinning the costs of ferronickel, NPI, nickel sulphate, nickel powder, nickel briquettes, and nickel cathode production, normalised on a US$/t Ni basis.

Designed To:

  • Compare the cost of nickel production from multiple assets and compare their performances on the industry cost curve.
  • Provide a cost breakdown of ferronickel, NPI, nickel sulphate, nickel powder, nickel briquettes, and nickel cathode production from each asset worldwide.
  • Granular operating cost information for all assets on fuel, electricity, labour, etc.
  • Help understand historic and current price directions as production costs impact supply.
  • Provide independent industry cost analysis.

Includes:

  • 108 fully costed nickel operations with cost data from 2015 to now.
  • Operating cost curves for nickel production – broken out by cost category and country.

Cost Breakdown:

Cost of production

+ Feedstock Cost

+ Conversion Cost Diesel/petrol costNatural gas costCoal costOther fuel costElectricity costLabour costReagents & consumables costOther (direct) cost

+ General & Administration Cost

+ By-product credits

Total Cash Costs (FOB)+ Realisation cost

Total Cash Cost (CIF)+ Corporate overheads+ Sustaining capital cost

All-In Sustaining Cost (CIF)

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