The price of nickel could double as demand grows...https://stockhead.com.au/resources/the-price-of-nickel-could-double-as-demand-grows-for-stainless-steel-and-batteries/ BHP (ASX:BHP), which only just last year announced its foray into the battery metals market, is already selling about 60 per cent of its nickel to the battery sector. And the major expects to be selling as much as 90 per cent by the end of next year, BHP Nickel West asset president Eduard Haegel told attendees at the Diggers & Dealers Mining Forum in Kalgoorlie this week.
“We’ve already today achieved over 60 per cent and expect to achieve 70 per cent by the end of this calendar year,” he said.
“I believe that we have timed our entry into the battery and nickel sulphate markets well. Interest by customers and potential customers is significantly exceeding expectations.”