Primary Ni Market isn't Batteries...yetMost people on here probably know but the biggest market for Ni is currently stainless steel which has been a growing market YoY ~5%. Here is a bit of a timeline (from Glencore Study, presented by Bank of America 2019 Global Metals, Mining and Steel conference.
- In 2018, Ni for batteries was only 3% (0.06MT/yr) of total Ni supply - that is all batteries in the world!
- This is expected to be roughly double in 2020 at 5% (0.11MT/yr)
- by 2025, this is expected to be up by 400% to 18% or (0.4MT/yr)
- and by 2030, we expect to see Ni for battery manufacturing increase to 60% of the overall Ni supply (1.3MT/yr)
The bulk of this growth is expected to come from electrification of vehicles but we are seeing lots of other applications as well. Check out Convergent
https://www.convergentep.com/; we recently had these guys do a massive battery installation that is used to help shave the power peaks on the grid.
With the relentless demand for responsibly derived base materials, resources like Crawford are going to draw significant interest from investors, small and large!