More pain for nickel, lithium as supply deluge bites

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“We’ve seen battery chemistry evolve rapidly just over the last five years and as we go through the energy transition process, the technology that we’re going to use to decarbonise in 2038 is probably going to be different to 2018,” Mr Berridge said. Three-month nickel prices on the LME tumbled 44 per cent last year to trade at $US17,495 and Tribeca’s portfolio manager Ben Cleary does not foresee a rebound anytime soon. “The Indonesian production has become the cost curve and Australian miners are struggling to compete,” he said. “Until there’s a circuit breaker or a change, it’s going to...