Nickel plays an important role in electric vehicles

The use of nickel in electric vehicles will accelerate:

Some professionals predict that in the future, electric vehicles will outsell internal combustion engine vehicles and replace 8 million barrels of gasoline per day. Millions of cars, trucks and buses use nickel-containing lithium-ion batteries. According to market analysts, current batteries Nickel accounts for about 3 percent of global nickel supply and is expected to rise rapidly.

as a new chemical

Many automakers currently use nickel-manganese-cobalt batteries that use 33 percent nickel, 33 percent cobalt, and 33 percent manganese (called 1:1:1), while others already use a 6:2:2 formula ( 60 percent nickel, 20 percent manganese and 20 percent cobalt). The NMC chemistry is being further adjusted to design an 8:1:1 cathode using 80 percent nickel, 10 percent manganese, and 10 percent cobalt Two South Korean manufacturers, including LG Chem, have announced plans to bring the new formulation to market in 2018. Others, such as Tesla, are also expected to increase nickel production.

Although there is currently no non-nickel lithium-ion formulation, no one has yet developed a technology that can match the density (power to weight ratio) of nickel and is sufficiently cost-effective. As a result, nickel will be widely used globally. Play an increasingly important role in the mass adoption of electric vehicles to save the planet.

Electric vehicles are expected to be cheaper than combustion-engine vehicles within five years, and sales are expected to soar into the tens of millions. By 2035, the number of electric vehicles is estimated to reach 350 million.