Nickel is forecast to be in deficitafter ~2020-2022 (require new supply).Source: Wood Mackenzie
November 2017 McKinsey report stated: "If annual electric vehicle [EV] production reaches 31 million vehicles by 2025 as expected then demand for high-purity class 1 nickel is likely to increase significantly from 33 Kt in 2017 to 570 Kt in 2025." That is a 17 fold increase in just 8 years, albeit only on Class 1 nickel.
Nickel in 1H2019–market was in deficit as strong Chinese demand from stainless and battery sectors was negatively offset by surge in NPI production;
https://seekingalpha.com/article/4289015-nickel-monthly-news-month-august-2019
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