Agoracom Blog

Tartisan Nickel $ – #EV #battery #nickel use climbs $ $ $ $ $

Posted by AGORACOM-JC at 10:59 AM on Thursday, May 2nd, 2019

SPONSOR: Tartisan Nickel (TN:CSE)  Kenbridge Property has a measured and indicated resource of 7.14 million tonnes at 0.62% nickel, 0.33% copper. Tartisan also has interests in Peru, including a 20 percent equity stake in Eloro Resources and 2 percent NSR in their La Victoria property. Click her for more information

Tc logo in black
Fact Sheet

EV battery nickel use climbs

Nickel use in electric vehicle batteries has doubled year-on-year, according to research consultancy Adamas Intelligence.

  • Adamas said this week that 104% more nickel was deployed in new passenger EV batteries in February, up 104% year-on-year.
  • Manganese deployment was up by 96% and cobalt deployment was up 87% for the same period.

“While usage of all three cathode metals saw major gains from February 2018 through February 2019, nickel enjoyed the greatest gains on account of the auto industry’s ongoing shift from no or low-nickel cathodes, such as LFP or NCM 111, to varieties with higher concentrations of nickel, such as NCM 523, NCM 622, and NCM 811,” Adamas said.

Batteries are still only estimated to account for less than 5% of global nickel demand.

The Tesla Model 3 accounted for more than 400 tonnes of nickel use in February, followed by the Nissan Leaf, Tesla Model X, Tesla Model S and Hyundai Kona.

The five models were responsible for almost 50% of all nickel deployed in EV batteries globally during February.

Adamas said lithium carbonate equivalent deployment in EV batteries rose by 76% year-on-year in February.

The top five cell suppliers by LCE deployed in February 2019 were Panasonic, LG Chem, CATL, BYD and Samsung SDI, which accounted for nearly 75% of all LCE deployed in passenger EV batteries.


Tags: , , , , ,

Comments are closed.