金属与采矿业-推动了镍的进化？.pdfVIP

8 November 2019 Commodities unearthed Equities Metals Mining What’s driving nickel’s (EV)olution? Global  We believe optimism around nickel supply growth is misplaced; Anshul Gadia*, CFA HPAL projects face operational challenges Analyst, Metals Mining HSBC Securities and Capital Markets (India) Private Limited  We forecast the market to enter a structural deficit starting in anshulgadia@hsbc.co.in +91 80 4555 2754 2023 as EV demand becomes more significant Jonathan Brandt, CFA Sr Analyst, LatAm Metals Mining, Pulp Paper  Maintain long-term forecast at USD8/lb based on the incentive HSBC Securities (USA) Inc. jonathan.l.brandt@ price of ‘uncommitted’ projects needed to fill the supply gap +1 212 525 4499