Page 690 - ANC20-Proceedings-Presentations-Full

Outlook: Trends for batteries

Rapid growth from the battery sector to benefit nickel sulphate demand

• Roskill expects nickel sulphate to be the key area for nickel demand growth in the next decade underpinned by Li-ion batteries
used in the automotive sector, driven by uptake of electric vehicles

• Li-ion batteries accounted for 50% of nickel sulphate demand in 2019, which Roskill forecasts to exceed 90% by 2029

• Trends towards nickel-rich cathode chemistries is expected to benefit the use of nickel, mainly in the form of nickel sulphate

Outlook for nickelsulphate demand, Outlook for nickel use in batteries, Outlook for use of cathode chemistries
2013-2029 2019-2029 in passenger vehicles, 2019 & 2029
1,200 100%
100%
1,000
80%
80%
800
60%
600 60%
40% 40%
400

20% 20%
200
0 0% 0%
2013 2015 2017 2019 2021 2023 2025 2027 2029 2019 2029
Non-Li-ion
Li-ion Plating Li-ion, NCM, high nickel
NiMH NiCd Automotive Portable electronics Li-ion, NCM, low tomedium nickel
Other chemical applications Excluding recycling Li-ion, NCA
Other applications
Li-ion, nickel-free