Battery technology appears to be driving towards the 8:1:1 nickel-cobalt-manganese format from the currently used 6:2:2 version, but with nickel prices a third of what they were at the beginning of the decade, investment into nickel projects has been limited and poses the question of whether the electric vehicles revolution could be halted by a supply shortage of nickel.
S&P Global Platts editors Marcel Goldenberg and Ciaran Roe discuss this and other implications for battery metals, such as cobalt and lithium, that could result from increasing the nickel content in the next generation of batteries.
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