RE:Sumitomo Metal: Demand for battery nickel up 20% in 2022I am surprised.
I expect that demand for materials for EVs will rise
by much more than 20%
Also we must keep in mind that the main use for nickel is
stainless steel.
EVs only account for about 7% of the total yet.
So. A 20% increase in the battery demand leas to
only a 1% or 2% increase in total demand
mat