Electric Car Revolution a Boon to Nickel Sulfide Projects
The electric vehicle (EV) story is as much about nickel as it is lithium, and some would argue even more so.
Nickel sulphate powder—produced from nickel sulfide ore—is a critical ingredient in the cathode formulation for lithium-ion batteries, and analysts expect to see a boom in demand as global automakers transition away from internal combustion engines and into producing EVs. Saad Rahim, chief economist at Trafigura, has forecasted a demand increase of 50 percent to 3 million tonnes of nickel sulphate by 2030.
However, more than half of global nickel production is ferronickel (nickel pig iron or NPI) for Stainless steel fabrication.
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