Demand Will Increase For Nickel and CobaltRoskill’s consulting division...
"Despite headwinds from COVID-19, the global EV industry has surprisingly showed a double-digit y-o-y growth in 2020, largely underpinned by strong rebound in China and Europe. In the years ahead, supportive policy environment will further drive the EV growth globally as transportation is a key area for countries worldwide to fulfil emission targets. Not only driven by the EV uptake, but also by the trend towards nickel-rich battery formulations, Roskill expects nickel sulphate to become the key growth area for nickel in the coming years as the rapidly growing battery sector would develop into the second-largest application for nickel after stainless steel by 2030".