Analyst Daniel Hynes says, concerning supply side, current nickel consumption in battery industry only counts for 6% but in 2025, the market shares will rise to 12%.

Codelco: Actual Shortage to Raise Copper Price above $10,000 per Tonne

SHANGHAI, Nov.3 (SMM)－Analyst Daniel Hynes says, concerning supply side, current nickel consumption in battery industry only counts for 6% but in 20925, the market shares will rise to 12%. Lithium-ion battery needs first-grade refined nickel, which means nick price will probably surge to $19,000 per tonne.

<hr />
The article is edited by SMM and is provided for information purpose only. It does not mean SMM agress with its views and SMM assumes no liability for accuracy of information contained or quoted in the article. 
&nbsp;