We are delighted to launch the next release of our SAVANT metals-monitoring platform, now with enhanced and unparalleled insights into global nickel production. This second major release of Nickel significantly bolsters SAVANT’s capabilities, enabling stakeholders to monitor 95% of the world’s nickel output with high accuracy in near real time. It comes at a time when analysts forecast the global nickel mining market to reach approximately $100 billion by 2034, driven by the escalating adoption of EVs and energy storage solutions.
SAVANT uses cutting-edge satellite technology to detect activity signals from nickel smelting plants worldwide. By analysing these activity signatures, the platform delivers data on smelting operations, enabling accurate production level estimates without the need to wait for and rely on self-reported figures from operators and industry reports. This is especially crucial in the nickel industry, where the build out of privately owned capacity since the beginning of the decade has meant that production figures are in many cases never reported. This scientific approach ensures objective, unbiased and near real-time intelligence for users.
Beyond nickel, SAVANT continues to monitor copper production, cementing its role as a high-value tool for investors, physical traders, and smelter operators aiming to track competitor activities and anticipate global supply fluctuations.
Nickel plays a pivotal role in the global economy. Approximately 65% of primary nickel consumption is attributed to the stainless-steel industry, confirming its importance in producing durable and corrosion-resistant materials. In addition, the electric vehicle (EV) market relies heavily on nickel for battery production, with demand projected to increase substantially in the coming years.
The nickel industry has witnessed significant shifts recently. Notably, Indonesia has emerged as a dominant force, now accounting for 61% of the global refined nickel supply. This surge results from strategic export bans and substantial investments in processing facilities. Conversely, other regions have faced challenges. In Australia, the nickel sector has seen the closure of several operations. The competitive pricing from Indonesian producers, backed by lower production costs and technological advancements, has intensified these pressures.
The enhanced SAVANT platform arrives at a critical juncture for the nickel industry. By offering detailed monitoring of pig iron, ferronickel, and pure cathode nickel production, users can make informed decisions on this fast-moving, but opaque, market.
For more information about SAVANT’s nickel monitoring capability, please contact info@earthi.co.uk
