Electric vehicles seen boosting nickel demand.

The global nickel market stands to benefit in the coming years from the growing popularity of electric vehicles that use nickel containing lithium-ion batteries, according to Bank of America Merrill Lynch.
By a modest estimate, lithium-ion batteries could account for about 250,000 tonnes of nickel demand by 2030, analysts at the USA-based bank wrote in a January 11 research note. And with the auto industry “going through a period of profound change,” global electric vehicle sales could equal one-fifth of total global light vehicles sales by 2030, analysts said…

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