Take Nickel inventory drop with a pinch of salt
We all know that nickel as a commodity is one of the big winners of the battery story. We’ve all seen the Benchmark Minerals chart that shows annual nickel demand in batteries rising by a factor of 15x over the next 10-15 years, we know about the changes in battery chemistry that are likely to see nickel demand per kWh increase substantially and most of us are aware of the fact that there is a shortage of class 1 nickel development projects and that class 2 nickel simply isn’t suitable for use in batteries. Everybody is excited about the outlook...
Topics
Benchmark Minerals
EVs
LFP
LME
LMO
NCA
NCM523
NCM622
NCM811
Nickel
SRB
