On March 8, Ningbo Ronbay New Energy Technology Co.Ltd(688005) ( Ningbo Ronbay New Energy Technology Co.Ltd(688005) ) announced that the company did not participate in nickel futures trading.
Ningbo Ronbay New Energy Technology Co.Ltd(688005) said that at present, nickel prices have risen rapidly in the short term due to panic and speculation in the futures market. In the long run, from the perspective of nickel supply and demand balance, the current high price state is unsustainable. The supply and demand fundamentals of nickel resources are not affected by the rapid rise of nickel futures prices, and the supply and demand structure has not changed significantly. The development prospect of power battery is broad. Indonesia’s hydrometallurgy technology and high nickel matte technology have been successful. Many Chinese foreign manufacturers have begun to layout nickel metal in Indonesia.
Ningbo Ronbay New Energy Technology Co.Ltd(688005) pointed out that in the long run, nickel resources are a supply-demand structure with oversupply, and the price will return to a reasonable period. During this period, high nickel cathode materials still have high growth space. Affected by the futures market, the sharp rise of nickel price is a very short-term behavior.
