The future of nickel: A class act

The future of nickel: A class act

By Nicolò Campagnol, Ken Hoffman, Ajay Lala, and Oliver Ramsbottom

The global nickel market is entering a period of flux as new applications drive changes in demand. We are seeing the potential emergence of two distinct commodity markets: one focused on nickel used in rechargeable batteries, which will be driven by the rapid adoption of electric vehicles; the other used in traditional stainless steel, dominated by ferro-nickel and NPI products. This change presents a set of strategic opportunities and threats which will require mining companies, battery manufacturers and car OEMs to re-evaluate their market strategies.

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About the author(s)

Nicolò Campagnol and Ajay Lala are analysts in the Belgian Knowledge Center, Ken Hoffman is a senior expert in the New Jersey office, and Oliver Ramsbottom is a partner in the Tokyo office.