Fastmarkets C. Perry 23.12.22, re the huge demand (& basic lack...

Fastmarkets C. Perry 23.12.22, re the huge demand (& basic lack of supply) for EV battery Ni sulphides, said

"In addition,nickelsulfate is a key component innickel-manganese-cobalt(NMC) units, and nickel-rich batteries are often preferred over lithium-ion batteries due to their high energy density and longer range when used inelectric vehicles (EVs).

Demand for nickel from the battery industry is, therefore, set to increase significantly. Fastmarkets researchers forecast that demand for nickel for use in EV batteries represents around 280,000* tonnes per year of nickel metal globally, which corresponds to around 10% of worldwide demand for nickel.
(* This appears to be a typo- Perry uses the words "demand...set to increase significantly ". Probably should be be 208k t in 2022, as clearly shown in the graph below. 314t in 2023 = "increase significantly". All my words)

But this figure is set to grow significantly. Demand from the battery industry is expected to increase to close to 314,000 tonnes in 2023 and to 668,000 tonnes by 2025".

https://www.fastmarkets.com/insights/nickel-key-role-to-play-in-2023-battery-
There is simply not the tonnes of Ni sulphide, currently available, to meet the huge EV Ni sulphide battery demand (almost 1.4m tonnes in 2030!).
Ni hit, briefly, US $30k p/ t in November 2022-obviously due to major shortages. Ni sulphides is in a very strong upward price trend. How high will it get, to meet the EV revolution?

IMO, we can reasonably assume there must be partners/offtakes/debt funding for BSX- in Vietnam, an emerging Asian tiger economy, that seeks closer ties with the West (& has antipathy with China)...Western mantra now is urgent " non-China supply chains" for critical minerals.