Nickel has often been the overlooked raw material for batteries with much attention focused on lithium and cobalt. For the nickel industry, batteries are still a relatively minor end-use, accounting for around 5% of end-use demand with demand still dominated by stainless steel demand, which was 70% of demand in 2019.
While the nickel industry is gearing up to meet expected major strong growth in demand from the battery market, particularly after 2025, many in the industry have been disappointed by lacklustre demand progress in 2019 and 2020 which are being referred by industry insiders as the two . . .