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Growth in Electric Vehicles in China to Boost Nickel Demand

Metal News - Published on Mon, 13 Jan 2020

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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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