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Nickel Price Hits All-Time High!!
According to London Merchantile Exchange (LME),
October
saw Nickel prices reach their all-time high of $31,950
US per tonne equating to $10.01/kg
($14.52 US per pound).
Nickel Sulphate, used in the electroplating
industry, reflects the same increases, with a current
price of
$14.13/kg ($20.50/lb).
The latest news from the Nickel industry suggests
that simply due to supply and demand, the price of
nickel will continue to climb.
Charles Goodyear, CEO of top global miner BHP
Billiton, reiterated that nickel should continue to
exhibit strong demand. As the world?s third largest
nickel producer, BHP has a good pulse on the market
for this metal, and foresees the coming year's global
nickel
production coming in over 20,000 metric tons short
of expectations.
Source: Zeal Intelligence
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REDUCE Nickel Purchases & Sludge Costs!
Lacks Industries Turns Nickel Drag-out Into Nickel Savings with an Eco-Tec Nickel Recovery Unit
Lacks Industries provides global Automotive
OEMs with
complete
turn-key solutions, from initial concept and design to
research and development to final production. Their
extensive capabilities in North America, Europe and
Asia include thermoplastic design, injection molding,
plating, painting, and assembly.
Lacks Industries' processes
incorporate electroplating, utilizing nickel
salts. ?Nickel drag-out? is a normal operational
occurrence during this electroplating process that
typically results in nickel loss and additions to sludge
waste.
Lacks Industries already has two Eco-Tec Nickel
Recovery Units in operation, and is currently awaiting
the commission of their third unit for a facility
operating with a nickel
drag-out rate
of 3.8kg per hour (8.4lb/h).
Why Recover Nickel?
Operational costs
related to both the replenishment
of the nickel, and sludge waste disposal can seriously
impact an operation?s efficiency.
1. A typical Watts nickel-plating process
can lose
approximately 2kg (4.41lbs) of nickel per hour in drag-
out. Based on the current price of nickel sulphate
salt of $14.13 per kg of nickel, a plating shop
operating for 6000 hours per year loses
approximately, $169,560 USD!
2. Nickel plating rinses are considered a
hazardous
solution and may not be discharged directly into the
environment or municipal sewer systems. The rinses
must first be waste treated. This waste treatment
results in additional capital and operating costs for
waste treatment chemicals, labour, and sludge
disposal.
Why an Eco-Tec Nickel Recovery Unit?
Eco-Tec designed the
Nickel Recovery Unit (NRU) to effectively,
efficiently, and
economically manage the drag out. The NRU is
specifically manufactured to assist companies, like
Lacks Industries, in their efforts to increase
efficiencies, and lower waste and operating
costs.
There are several considerations when determining a
company?s needs for a nickel recovery system, such
as:
~Recovery efficiency
~Productivity and quality
~Purity, Concentration, and pH
~Operating and Capital Cost
~Equipment size and layout
The key to Eco-Tec?s NRU success is the system?s
two-tier process that first recovers 99% of
the
dragged out nickel from the rinse waters, and
secondly, purifies the nickel to such a degree that
the recycled nickel can be placed directly back into
the nickel plating process.
The economic results mirror the two-tier process.
With the treated rinse waters free of nickel, the
amount of material being sent to waste treatment is
lower, which results in less sludge and process costs,
and ultimately lower waste treatment costs.
The
recovered nickel saves the company costs through
lower nickel replenishment purchases, while
continuously maintaining high quality plating.
Lacks Industries has repeatedly purchased
Nickel Recovery units, and like many other plating
companies, is reaping the benefits of
nickel recovery and purification.
For your Nickel
Recovery information package and a list of other NRU
customers, contact us
Today!
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About Eco-Tec
Incorporated since 1970, Eco-Tec Inc. is an
award-winning, globally recognized manufacturer of
water
purification and chemical recovery systems for
industrial operations.
Eco-Tec Inc. provides proven
integrated technologies based on its patented
RecofloŽ advanced ion exchange process, that
offers significant cost reduction and superior process
efficiency.
Eco-Tec designs
systems integrating advanced ion exchange, based
on
the customer?s needs. Eco-Tec has provided more
than 1500 systems in over 52 countries, and is
represented in all major markets.
CONTACT
US TODAY to request your Nickel Recovery
Information Package!
Sincerely,
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