/biz/ - Business & Finance

>https://investinghaven.com/lithium-investing/nickel-about-to-heat-up-as-2023-kicks-off/
From the article
>Beveridge estimates that batteries make up slightly more than 10% of total demand, though that balance is expected to shift rapidly in the coming decades.

>″If we go forward 10 to 15 years, we’re actually looking to a future where the battery sector could provide more than 50 percent of the demand for nickel units by that time.”

>But not all nickel is high quality enough for use in EV batteries — it needs to be so-called “class one” nickel, with at least 99.8% purity. No nickel is this pure naturally; it all needs to be refined. But the higher the grade of the original nickel deposit, the easier and less energy it takes to process it.