On the demand side, primary nickel consumption globally is...

On the demand side, primary nickel consumption globally is expected to grow by 8.9% to 3.53 million metric tons this year, driven by robust stainless steel production in China and Indonesia. Nickel consumption in the battery sector, which had stalled last year due to high battery stockpiles, is also expected to resume its growth trajectory in 2024. Jerome Baudelet of Eramet projects that demand for nickel for batteries will jump to 2.7 million tons by 2035, representing 48% of global nickel demand, up from 687,000 tons in 2025. QUOTE
Demand for nickel growing again should enhance the Kwinana nickel/cobalt refinery chances with Iwatani decision pending IMO

https://investornews.com/critical-minerals-rare-earths/with-eyes-on-global-nickel-prices-power-nickels-fortunes-continue-to-rise/