Nickel Deficit 2025 - the real EV commodity playInvestors have tried to play different commodity components of the unfolding EV story. They played Lithium, Cobalt and Graphite, some have won but most have lost. Investors are missing the nickel play.
Nickel Sulphate (+/- 25% nickel) makes up the 80% of the 8.1.1 battery and is one of the most expensive components of the battery. Tesla led the PV adoption and all other car companies are playing catch up. Massive deficit coming.
One day we will wake up and Nickel will be back at $24 per pound as it was in 2007. In Sept 2019 nickel popped to $8.00 per pound with disruption from Indonesia.
See
https://blogs.platts.com/2018/02/19/might-nickel-brake-progress-electric-vehicles/ for info on deficit.