A NICKEL BATTERY-CHARGED FUTURE
EV sales forecasted to reach 44 million vehicles per year by 2030 under the EV30@30 Initiative (EVI)
Nickel: +1.3 Mtpa by 20301 Contained Nickel in Evs (Mt)
Nickel Demand from Electric Vehicles % of 2018 Ni Supply
1.30
59% To increase energy density, future battery chemistries will contain more nickel Nickel will make up to 80% of the mass in cathodes 2030 projected nickel demand of 1.3 Million Metric Tonnes Per Annum (59% of current annual supply) as nickel content in EVs increases to 40kg per car battery
Q1 2021
18%
0.40
0.06 2018
3%
0.11
2020E
2025E
www.spcnickel.com
2030E
2018
5%
2020E
2025E
2030E
6
