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Nickel and the Inevitable Rise in Demand

✓ Demand for batteries is forecast to accelerate over the
next decade as energy storage becomes critical to the
transformation of energy systems
✓ KNP poised to supply nickel and cobalt to meet the
inevitable and growing rise in demand

Global battery demand projected to 2030 (GWh pa)

Total primary nickel demand by first-use sector, 2020 to 2040 (kt Ni)

10x

9x

Source: Accenture report commissioned by the Future Battery Industries CRC, 2021
Notes: IRENA’s high scenario forecast used for ESS in Roskill projection. Growth rates in exhibit are compounding annual growth rates.
Source: World Economic Forum (2019) A vision for a Sustainable Battery Value Chain in 2030; Roskill (2020) Lithium-ion Batteries: Outlook to 2029, 4th
Edition; International Renewable Energy Agency (2017) Electricity storage and renewables: Costs and markets to 2030; International Energy Agency 18
(2021) Global EV Data Explorer; Jager-Waldau (2019)Snapshot of Photovoltaics-February 2019; Accenture analysis.