Nickel

Nickel is most likely to be a key constraint in future battery production, because most battery companies are focusing on minimizing use of cobalt and nickel is the next most likely alternative. Moreover, much of the world’s cobalt supply is derived from nickel which places further constraints on this metal.

Global Reserve

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Extraction Capacity

Global Demand

Current

Total Demand:

EV Battery Demand:

Projected Growth

Total Demand:

EV Battery Demand:

Uncertainties