One Metal Will Be Transformed by the Electric Car Boom

Image result for nickel sulfate in electric car

#Glencore Plc and #Trafigura Group Pte are often at loggerheads, but one thing they agree on: the #Nickel market will be transformed by the rise of electric cars.

Nickel sulphate, a key ingredient in #Lithium-ion batteries, will see demand increase 50 percent to 3 million metric tons by 2030, Saad Rahim, chief economist at Trafigura, said in an interview. While other battery metals like #Cobalt and lithium have more than doubled since the start of last year, #Nickel prices have been subdued because of large inventories.

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