High-nickel content ternary would be the mainstream tech route globally.
The increase of high nickel proportion directly brings the increase of nickel demand.
SMM calculated the weighted nickel consumption per ton of precursors according to the proportion of different precursors multiplied with the average nickel consumption per ton.
Weighted nickel consumption of the Chinese precursor continues to increase. It will gradually increase from 0.4 in 2021 to nearly 0.5 Ni ton in 2025.
Commerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024
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