Clarity on nickel market demand stainless vs batteries Stainless accounts for about 70% of global nickel demand estimated at 2.4 million tonnes this year, while batteries’ share was about 4%.
As electric vehicle sales climb, Roskill forecasts nickel demand from the battery sector to rise to 258,000 tonnes or nearly 10% of the total in 2022, when many expect parity between the costs of making battery- and ICE-powered cars.
Roskill sees batteries’ share at 20% of global nickel demand totaling 3.69 million tonnes by 2030, while stainless steel mills will account for 60%.