BHP Billiton: Demand for Primary Nickel by Battery Industry to Grow over 500% in 2020-2030

SHANGHAI, Dec 21 (SMM) – CATARC Co. recently released the "2021 Energy-saving and New Energy Vehicle Development Report."

Bao Wenjun, head of market analysis for metals and mining at BHP Billiton, said at the press conference that "in the next ten years, the demand for primary nickel is expected to increase by 1.3 million mt. From 2020 to 2030, the battery industry's demand for primary nickel is expected to increase by about 700,000 mt or over 500%, and the demand will account for more than 20% of the total global demand for primary nickel. "

"At present, about 85% of BHP Billiton's nickel metal is used in the manufacture of battery materials for electric vehicles worldwide. In 2017, this proportion was only about 21% and less than 5% in previous years,” said Bao.