/biz/ - Business & Finance

>https://www.reuters.com/markets/commodities/nickel-demand-boomed-2021-this-year-it-will-be-supply-2022-05-18/
from the article
>Not all batteries use nickel, particularly in China, but the scale of the EV roll-out is such that demand for the metal is still increasing at a supercharged pace.

>Adamas Intelligence estimates that 18,610 tonnes of nickel were deployed onto roads globally in new electric vehicles in March, a 50% increase on March 2021. ("Monthly Battery Raw Materials Deployment")

>Goldman Sachs forecasts nickel usage in the EV battery sector to increase by 62% to 285,000 tonnes this year and by another 26% to 358,000 tonnes in 2023. ("Nickel's Class Divide", April 28, 2020)