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Nickel under an accelerated energy transition 1.5 °C scenario
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Report summary
We evaluate the impact on nickel demand of future power generation requirements under Wood Mackenzie's accelerated energy transition scenario (AET-1.5). The nickel story is one dominated by its use in batteries – for electric vehicles and energy storage, although nickel-in-alloys demand will also increase significantly. The requirement for nickel to meet demand more than doubles under the AET and our long-term incentive price increases by 50%.
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