event highlights: In today's news, electric vehicle manufacturer Tesla (TSLA.US) and the world's largest mining company BHP Billiton (BHP.US) reached a nickel supply agreement. It indicates that the high-nickel battery announced by Tesla in 22 is about to be mass-produced! Related concept stocks may benefit!

1. Tesla propels high-nickel batteries

Tesla propels cobalt-free batteries. Due to the limited cobalt resources, the surveyed cobalt resources in the world are very scarce, only 7.1 million tons. In the long run, cobalt still has the risk of resource depletion. According to industry estimates, the production of a Tesla Model S will consume 13.68 kilograms of cobalt. If 3% of the global cobalt reserves are used in electric vehicles, it can support the production scale of about 17 million vehicles. According to the annual sales of 5 million vehicles, if there is no new source of cobalt, it will be exhausted in about 3 years. Because of the shortage, the price of cobalt continues to rise, pushing up the cost of power batteries, which is the main reason why Tesla promotes cobalt-free batteries!

in July 22! Elon musk, CEO of Tesla, revealed that the cobalt-free high-nickel battery will be released on Battery Day in 22, but it was postponed until September due to epidemic factors. Elon musk, CEO of Tesla, announced on Battery Day in September, 22 that Tesla will switch from "cobalt" to "nickel".

Tesla will be supported by 1% nickel in the energy-intensive vehicle (Cybertruck/Semi), while other vehicles will use the combination of nickel and other chemicals. This ensures that mass production is possible. Musk reiterated that he hoped more people would mine nickel. Musk said: "If you can effectively mine nickel ore in an environmentally friendly way, Tesla will provide you with a long-term large contract."

Second, the high-nickel battery is progressing rapidly

Starting from July this year, Tesla will use NCMA battery of LG New Energy on its Model Y model (made in Shanghai), in which the nickel content is as high as 9% and the cobalt content is reduced to below 5%. The shape of the battery is 217 cylindrical. At present, LG supplies NCM 811 217 cylindrical battery to Tesla (made in Shanghai).

At present, Japanese and Korean battery giants, including Panasonic, LG New Energy, Samsung SDI, SKI, etc., have announced that they will mass-produce or even mass-produce new battery products with 9% nickel content, which means that high-nickel power batteries are about to enter the 9-series era. China's major battery giant, Contemporary Amperex Technology Co., Limited, also announced the promotion of high-nickel batteries.

elon musk, CEO of Tesla, has repeatedly expressed his concern about nickel supply in the future, because sustainable procurement is facing challenges. As the world turns to electric vehicles more and more, the demand for nickel is bound to soar, and Musk has asked miners to produce more nickel.

Third, Indonesia completely bans the export of nickel ore

A quarter of the world's proven nickel ore reserves are in Indonesia, and 8% of Indonesia's nickel ore is distributed in Sulawesi, which is the country with the richest laterite nickel ore reserves in the world. 7% of Indonesia's nickel ore exports go to China. Due to the high concentration of resources and the increasing demand, Indonesia banned the export of nickel ore in 214, and in August 219, Indonesia announced that it would completely ban the export of nickel ore.

due to the blocked import of nickel ore, the price of nickel ore in China is much higher than that in Indonesia. After that, China and Indonesia strengthened industrial cooperation, and China nickel refining enterprises laid out Sulawesi island in succession. However, China nickel refining enterprises invested in Sulawesi island, except for the basic investment in factory production line, and the initial investment cost was often huge.

At present, Tesla's major suppliers, such as Contemporary Amperex Technology Co., Limited, are promoting the construction of high-nickel battery factories in Indonesia. Tesla himself has also promoted cooperation with Indonesia! After the comprehensive restrictions on exports, nickel resources are becoming more and more scarce.

metallic nickel is also called "vitamin of steel industry". At present, about two-thirds of nickel in the world is used in stainless steel industry, in alloy steel, electronic batteries, aerospace and other fields. However, due to the rapid development of new energy vehicles, the demand for nickel in the new energy vehicle industry is entering a blowout cycle.

Tesla's global annual output will reach 1 million vehicles in 22, which will bring 216, tons of nickel sulfate to the world, which will be nearly half of the current downstream demand of nickel sulfate. The demonstration effect of Tesla may drive more car companies to adopt NCA cathode materials, and it is expected that the global demand for nickel sulfate will usher in an outbreak in the next few years. Concept stocks are expected to benefit. In the past, the market knew about the problem of nickel, but there has been no overall market. The main expectation is that Tesla's demand for mass production window has not arrived, and the market is taking it one step at a time. Now that the mass production window is approaching, everything will be different and everything will be possible.

Nickel concept stocks: One of the concept stocks was called Jean Nickel, but it died before dawn and was delisted!

nickel sulfate: the most important raw material in battery field.

there are five methods for preparing nickel sulfate: (1) dissolving metallic nickel in sulfuric acid, crystallizing to obtain crude nickel sulfate crystals, dissolving the crystals again, removing impurities and concentrating to obtain battery-grade nickel sulfate crystals; (2) impurity metal nickel is oxidized at the anode in copper electrolysis, dissolved into nickel sulfate, and battery-grade nickel sulfate crystals are obtained after impurity removal and concentration; (3) The nickel ore is processed into high nickel matte or nickel intermediates such as nickel hydroxide, nickel oxide and nickel carbonate, and then dissolved in sulfuric acid for concentration and crystallization to obtain nickel sulfate hexahydrate. The important domestic nickel sulfate production companies such as Jinchuan Nickel Salt, Jean Nickel Industry and Guangxi Yinyi all produce nickel sulfate in this way; (4) preparing nickel-containing solution in the process of producing metallic cobalt; (5) The domestic representative companies are GEM, Chizhou Sean, Bump Cycle, etc.

(risk warning: the above views are not recommended for operation, so the operation risk is at your own risk). Author of "The Capital Code of Simple Learning". Private fund-raising manager, financial commentator, Top 1 Fortune of Oriental Fortune, and Top 1 Financial Broadcasters of Sina!