Stainless Steel And New Energy Batteries Will Remain Main Downstream Sectors Of Global Nickel Consumption In The Next Five Years, But The Historical Growth Rate Will Hardly Sustain

SHANGHAI, Jun 1 (SMM) – As an important raw material in batteries, nickel is widely used in electric vehicles, energy storage batteries and other fields. Due to the rapid development of new energy industry, the demand potential for nickel in the battery field is huge. With the increase in the number of power batteries and nickel content of a single power battery, the nickel used in power batteries will grow rapidly in the next five years and become the most important force driving of nickel consumption in batteries.

For full coverage, please click: Key Takeaway from SMM 2023 Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel and Stainless Steel Market Outlook 2023-2027 and Indonesia’s Critical Role in Attracting Chinese Investment