Nickel market beware: Batteries can no longer be ignored

(20 April 2017)

Much neglected in recent news stories has been a critical analysis of demand. With over two-thirds of nickel used in stainless steel, this sector typically receives most attention. A new use of nickel, however, is in the cathode materials of lithium-ion batteries. While such batteries, as of 2016, are predominantly used in consumer electronics, automotive uses are gaining rapid market share and may overtake wearable applications by 2018. Owing to much larger battery capacities – of up to 100kWh in passenger cars – vehicle electrification is expected to contribute to a dramatic surge in demand in battery cell demand.

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