Is nickel a good source of energy?

Nickel is now playing an increasingly important role in the clean energy transition, with the material being used in lithium-ion battery (LIB) chemistry for powering electric vehicles (EVs), and in renewable energy storage. The world is headed for a 3.2˚C temperature rise if drastic action is not taken to reduce emissions.

Do battery and minerals supply chains need to expand ten-fold?

Stock image. Global battery and minerals supply chains need to expand ten-fold to meet projected critical minerals needs by 2030, a report published by the International Energy Agency (IEA) has found.

Can nickel mining power a green energy transition?

With unique properties, nickel will be crucial to the clean energy transition. We take a look at how nickel mining can power a range of green technologies and how the industry is ensuring sustainability within the sector.

How much nickel is available?

Latest data show 350 mt of nickel in the ground available to satisfy demand, and another 300 mt in the deep sea. The discovery of new nickel deposits, as well as technical advances in mining, extraction and recycling will increase the amount of available nickel, and secure a suficient supply to meet the increase in demand.

Why is nickel used in battery technology?

Nickel possesses physical and chemical properties which make it a valuable alloying material particularly with chromium and other metals to produce stainless steel and heat-resisting steels. It is used in many battery technologies because of its energy density and storage capabilities.

Will the Lib sector continue to move towards high nickel NMC?

It has been reported that the LIB sector will continue to move towards high nickel NMC, which has more than an 80% nickel cathode. 3 The current estimates of LIBs with high nickel NMCs are 8%, and that figure is expected to rise to nearly 50% by 2030. 3