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BHP to build world’s largest nickel sulfate plant as EV market eyed

BHP Billiton will build the world’s biggest nickel sulfate plant, as it looks to tap into what could be a game-changing new source of demand from the electric vehicle sector. The nickel division, which was facing closure a few years ago, will pump $US43.2 million into what is believed to be the biggest sulfate plant in the world, expected to produce 100,000 tonnes a year of nickel sulfate. BHP Nickel Chief Eddy Haegel said he believed that demand for batteries could account for about 90% of BHP’s nickel output within five or six years. While excitement around lithium-ion batteries and energy storage systems has already inspired a boom in lithium stocks, Mr Haegel noted that lithium-ion batteries included far more nickel than lithium. Importantly for Australian nickel sulphide producers like BHP, Western Areas and Independence Group, the nickel produced by the likes of The Philippines and Indonesia are generally not suitable for use in batteries. (Australian)"


https://www.reuters.com/article/us-bhp-billiton-nickel-idUSKBN1AP15G


"Haegel told the "Diggers and Dealers" conference in Australia he expected demand for batteries used to power electric cars to account for about 90 percent of Nickel West's output within five or six years, replacing traditional markets, such as stainless steel makers. "