Global Mining Symposium: Demand for nickel in EV batteries could...

Global Mining Symposium: Demand for nickel in EV batteries could lead to supply shortage in the next couple of years, says McKinsey’s Ken Hoffman
MAY 22, 2021

”Hoffman believes that the European Union and the U.S. should put the billions they’ve pledged for the EV industry into building smelters and refineries.”

“We always tell mining executives to lock themselves into contracts with OEMs [original equipment manufacturers] as they will tell you what products they will need in the future, not the ones they need today,” he added.

”He noted, for example, that Tesla and Volkswagen are looking to source nickel powder, but current world production is only 30,000-40,000 tonnes per year. “If suddenly you need 500,000 tonnes of nickel powder, where’s it going to come from, who’s going to make it, and where’s it going to be refined?””

https://www.northernminer.com/global-mining-symposium/global-mining-symposium-demand-for-nickel-in-ev-batteries-could-lead-to-supply-shortage-in-the-next-couple-of-years-says-mckinseys-ken-hoffman/1003831172/

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