Electric vehicle charging

Roskill forecasts increased nickel usage in EV batteries

Nickel content in EV batteries is set to increase as consumer demand for more cost-effective options increases, according to Roskill analyst Kevin Shang in an interview with S&P Global Platts:

  • NCM (nickel-cobalt-manganese) cathode materials to remain dominant through 2025 due to high energy density
  • Cost of NCM raw materials set to decline as manufacturers increase nickel content in place of more expensive cobalt
  • Trend for removing cobalt content expected to continue, with concerns continuing over ethical sourcing from major supplier DRC
Written By Jonathan Norris
Jonathan is a founder of Mining.com.au and has been covering the resources industry since 2018. With over 17 years experience in print, broadcast and online media, Jonathan has seen first hand the transformative effect of online niche media.