Insight
The energy transition outlook for nickel
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Report summary
We evaluate the impact on nickel demand of future power generation requirements under Wood Mackenzie's two accelerated energy transition scenarios. 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 moderately. The requirement for nickel to meet demand increases by 60% under Net zero and our long-term incentive price increases by 50%.
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