PRESS ROOM
Electric vehicles igniting a growing interest in nickel
Thursday 18th February '21
Nickel is continuing to build on its positive momentum from recent months. The rapidly growing interest in electric vehicles (EV) has put the spotlight on nickel. EV manufacturers are increasingly seeking higher loadings of nickel in batteries. Batteries, which account for a relatively small share of refined nickel demand currently, are expected to drive the metal’s future demand growth. According to Roskill, European Union’s nickel demand from the automotive sector is forecast to total 560 kilotons (kt) by 2040, an increase of 543kt from 17kt in 2020.