Nickel Demand Surges: Powering EV Growth in the Green Energy Shift

NEW DELHI--July 15, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Nickel, a critical element in the green energy transition, is experiencing a surge in demand globally. Known for its corrosion resistance, nickel has been traditionally crucial to stainless steel production, contributing approximately 70% of the global consumption. However, its role is rapidly expanding into the growing sector of electric vehicles (EVs), which relies heavily on lithium-ion batteries. According to a report by the International Energy Agency (IEA) (Paris, France), the demand for nickel is projected to double by 2050, largely driven by the thriving EV industry.