Surge in battery nickel use is more bad news for cobalt price | WHAT REALLY HAPPENED

Surge in battery nickel use is more bad news for cobalt price

Battery metals tracker Adamas Intelligence says electric vehicle manufacturers deployed 57% more nickel in passenger EV batteries in May this year compared to 2018.

The Toronto-based research company, which tracks EV registrations and battery chemistries in more than 80 countries says the nickel metal equivalent used in lithium-ion batteries (primarily in the form of nickel sulphate) increased by 69% whereas the amount used in nickel metal hydride (NiMH) batteries (primarily in the form of nickel hydroxide and AB5 nickel-REE alloy) increased 26%.

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA