The energy transition outlook for nickel

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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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    The Energy Transition Outlook For Nickel 2023.pdf

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