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Car battery recycling. Green energy. Background from accumulator Most European Union nations and many American states have made public commitments to ban the sale or manufacture of new gasoline- and diesel-powered automobiles by 2030 or shortly thereafter.
In addition, many of the world’s automakers have stated their intention to end the manufacture of vehicles powered by internal combustion engines in the coming decades. But critical shortages of nickel and other minerals essential to electric vehicle (EV) manufacture may thwart these plans.
Nickel is a vital component of nearly every electric vehicle on the road.
A new report from Rystad Energy predicts a possible 33 percent rise in demand for nickel, from 2.5 million to 3.4 million tons, by 2024. This fact, says the Oslo-based energy research and business intelligence company, could come very close to the maximum the global supply chain could refine in a single year.
Rising EV Nickel Use
Engineering and equipment manufacturer Feeco International reports nickel has become a primary component of lithium-ion battery cathodes.A new report from market research firm Roskill indicates nickel use in lithium-ion batteries will rise from just 5 percent of total nickel use today to the metal’s second largest end-use market.Feeco says nickel lends […]
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