China’s annual “two sessions” gives an indication of China’s broad policy direction for the year, covering topics from the economy to industrial strategy to environmental protection. David Chen explains the highlights, and the implications for the nickel value chain.
With global EV sales approaching 14 million cars in 2023 with a year-on-year growth rate of 35% it is clear that EVs are gaining acceptance rapidly.
Materials selection for any piece of equipment or a process system is rarely a simple task, unless you are exactly replicating something successful. Often engineers will have a checklist to help them narrow down the choices, eliminating groups of materials that are not suitable for various reasons. Austenitic 300 series stainless steels containing 7-35% nickel will have most if not all of the boxes checked for being suitable where a stainless steel is desired.
While it may require an initial higher investment when compared with other materials, stainless steel’s unique properties deliver long-term performance and economic benefits including minimum downtime, reduced maintenance costs and reduced environmental impacts.
New energy legislation is set to optimize China’s energy structure and boost the use of non-fossil energy. Aligning with China’s regulatory agenda, nickel will play a vital role in tomorrow’s world powered by cleaner energy.
Around two-thirds of today’s buildings will still be around in 2050, and by 2060, the world is projected to add 230 billion m² of buildings - an area equivalent to the entire current global building stock. What can the building and construction sector do to reduce the environmental burden of buildings?
Nickel’s role in enabling technologies is not always common knowledge. Yet its versatile properties present great opportunity for the nickel industry.