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Growth in Electric Vehicles in China to Boost Nickel Demand

Metal News - Published on Mon, 13 Jan 2020

Image Source: benchmarkminerals.com
Nickel’s demand outlook looks bright, especially from the electric vehicle sector of the automotive industry. Fastmarkets analysts estimate that 500,000 tonnes of refined nickel will be used annually in lithium-ion batteries for EVs by 2025, up from 100,000 tonnes in 2018. That growth in nickel consumption comes even before the wider adoption of the nickel-cobalt-manganese 8-1-1 battery, which the market expects to become an industry staple.

A recent report drafted by the Ministry of Industry & Information Technology indicates that China will step up its efforts to be a leader in autonomous cars and is aiming for a quarter of all cars sold in the country to be new-energy vehicles by 2025. NEVs include electric cars, hybrids and fuel-cell vehicles.
Ban on nickel exports in Indonesia

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Posted By : Rabi Wangkhem on Mon, 13 Jan 2020
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