Battery-Grade Nickel Shortages Cloud EV Industry Outlook
Battery electric vehicles are expanding rapidly across global markets as governments and carmakers push toward cleaner transport. However, beneath this progress lies a growing challenge that threatens long-term production goals. The issue is not a lack of nickel in general, but a shortage of battery-grade nickel that is essential for EV batteries. As demand for electric vehicles continues to rise, supply constraints in this critical material are becoming more visible and more serious. Electric vehicles rely heavily on lithium-ion batteries that use nickel to increase energy density and driving range. Battery chemistries such as NMC and NCA require high levels…