Lithium Valley Main Report 2018
Figure 39 illustrates the nickel price movement, in AUD, between July 2012 and June 2017.
Figure 39: WA Quarterly nickel price per tonne (Jul’12 – Jun ’17) 39
WA Quarterly nickel price per tonne (Jul’12 – Jun ’17)
$25,000
$20,000
$15,000
$10,000
$5,000
$0
Source: London Metals Exchange
The nickel industry has struggled through a period of low prices, principally due to large global inventories and weak demand. General price decreases and stagnation have been seen since peaks in 2014. Price per tonne in FY 2016/17 was A$13,460 per tonne, peaking at A$15,015 in December 2016 from a low of A$11,813 per tonne in June 2017 (27.1% decrease). Table 16 highlights the current WA export market for nickel in FY2016-17: Table 16 : WA Nickel exports (FY2016-17) Nation Rank $A Export Value % Of Total Malaysia 1 $443,822,737 22.0% Taiwan, Province of China 2 $430,945,960 21.3% China 3 $376,329,414 18.6% Korea, Republic Of 4 $257,533,243 12.8% Japan 5 $227,028,007 11.2% Singapore 6 $123,555,994 6.1% India 7 $64,157,701 3.2% Spain 8 $40,513,435 2.0% Netherlands 9 $30,852,625 1.5% United States 10 $9,166,538 0.5% Other $14,729,371 0.7% Total $2,018,635,024 100.0%
Source: Department of Mines, Industry Regulation and Safety, WA
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