Nickel: Where Form Meets Function
While best known for its use in the five cent coin, nickel has far more strategic uses. Nickel can be alloyed with other metals to create truly extraordinary materials. In fact, more than half of all nickel consumed is used in stainless steel.
China’s stainless steel consumption has increased 1625% in the last 10 years, and is now 40% of global totals. Chinese stainless steel is now the largest demand driver for nickel worldwide, and there’s still a lot more room for growth in the industry.
Nickel’s diversified supply is expected to keep prices stable, so the savvy investor will look for low cost nickel projects in safe jurisdictions.
Nickel: Battery Technology, Past, Present and Future use of Nickel
The battery market is on the move both literally and metaphorically. Concern over climate change, the drive towards energy efficiency and the adoption of carbon dioxide emissions targets by governments are all helping to increase the adoption of hybrid and electric cars. Add to this the heightened interest in renewable energy technologies involving batteries and energy storage.
How do you get a 320km range from an electric vehicle, pro- pulsion of 0-100km/h in less than seven seconds, and the ability to charge it in 30 minutes for a range up to 145km? You
use a nickel-rich lithium ion battery!