The challenges of nickel supply in an EV world
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The dominant lithium-ion battery type for electric vehicles is expected to have a nickel chemistry. Sourcing this quantity of nickel will be a challenge as most of the incremental supply through to 2025 will be [either] ferronickel or nickel pig iron, both of which are unsuitable raw materials for nickel sulphate batteries.
Sean Mulshaw - Principal Analyst, Financial Times
Table of contents
- An EV boom is good for nickel demand
- It's got to be the right type of nickel
-
Primary producers are expanding chemicals capacity
- Recent expansion in Sumitomo Metal nickel chemicals for batteries capacity
- Briquette nickel redirected as nickel powder for NiSO4
- Draw down of nickel briquette stocks
- Are nickel intermediates the new hope?
- Conclusions
Tables and charts
This report includes the following images and tables:
-
LME nickel stocks dominated by briquettes in SE AsiaThe challenges of nickel supply in an EV world: Image 1The challenges of nickel supply in an EV world: Image 2
What's included
This report contains:
Other reports you may be interested in
Five things to watch at COP30
Belém’s ambitions must overcome a slowing energy transition.
$1,250Perspectives - Metals and Mining - July 2025
A cross-commodity outlook
$1,050Can America smelt again? The power challenge of building new greenfield aluminium capacity
Can America smelt again? We assess power costs & Midwest premium requirements for viable US primary aluminium smelter projects.
$1,050
