15 Sep 2020 Why the supply of EV nickel is so constrained
Purity and the need for greener mining methods limit the availability of suitable nickel for electric vehicles, writes McKinsey in a report on the metal published last week.
Lithium-ion batteries require high chemistry purity, currently halving the world’s supply of nickel given the current state of the world’s technology. There are two broad types of nickel, writes McKinsey, which are Class 1 and lower quality Class 2. Class 1 is mostly sourced from sulfide ore bodies.