PERTH (miningweekly.com) – Diversified metals miner Independence Group is on track to deliver a prefeasibility study on the downstream processing of nickel and cobalt sulfate at its Nova nickel operation, in Western Australia.
Speaking at the second day of the Association of Mining and Exploration Companies convention, Independence COO Matt Dusci said that a downstream development option had the potential to deliver improved recoveries and would ultimately provide a premium price on the commodity produced at Nova.
In the nine months to March, Nova has delivered 14 914 t of nickel in concentrate, 6 315 t of copper in concentrate and 490 t of cobalt in concentrate.
Dusci told delegates that nickel was expected to be one of the largest benefactors from the electric vehicle demand disruptions, with a supply deficit of around 170 000 t expected in 2018.
He noted that by 2025, an additional 300 000 t to 900 000 t of nickel would be needed to meet the demand for electric vehicles. By 2030, the electric vehicle market is expected to require some 4.1-million tonnes of copper, 1.1-million tonnes of nickel and 314 000 t of cobalt.