-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
-
Cosmetic Ingredient
- Water Treatment Chemical
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
BHP Group said global nickel demand will grow up to fourfold
in the next 30 years as electric vehicles continue to replace conventional vehicles.
The world's largest miner expects 9 out of every 10 cars sold to be electric by 2040, which will help drive the global use of
key battery materials such as nickel.
The nickel market has shifted
as automotive batteries replace stainless steel as the main growth market.
"We expect nickel demand over the next 30 years to be 200-300% of what it has in the last 30 years," said
Jess Farrell, president of BHP Billiton Nickel West Assets.
About 85 per cent of the nickel sulphate produced at BHP Billiton's nickel West refinery in Western Australia is used in the battery industry, up from just 10 per cent
six years ago.
The miner had considered selling the plant, but as nickel's long-term prospects brightened, the company changed that plan
in 2019.
Farrell said BHP's nickel business would benefit from U.
S.
President Joe Biden's inflation-suppression bill, which includes encouraging U.
S.
automakers to get more raw materials
from U.
S.
-friendly countries.
Manufacturers will receive tax credits when producing electric vehicles, provided they have enough inputs from countries
that have free trade agreements with the United States.
BHP Group said global nickel demand will grow up to fourfold
in the next 30 years as electric vehicles continue to replace conventional vehicles.
The world's largest miner expects 9 out of every 10 cars sold to be electric by 2040, which will help drive the global use of
key battery materials such as nickel.
The nickel market has shifted
as automotive batteries replace stainless steel as the main growth market.
"We expect nickel demand over the next 30 years to be 200-300% of what it has in the last 30 years," said
Jess Farrell, president of BHP Billiton Nickel West Assets.
About 85 per cent of the nickel sulphate produced at BHP Billiton's nickel West refinery in Western Australia is used in the battery industry, up from just 10 per cent
six years ago.
The miner had considered selling the plant, but as nickel's long-term prospects brightened, the company changed that plan
in 2019.
Farrell said BHP's nickel business would benefit from U.
S.
President Joe Biden's inflation-suppression bill, which includes encouraging U.
S.
automakers to get more raw materials
from U.
S.
-friendly countries.
Manufacturers will receive tax credits when producing electric vehicles, provided they have enough inputs from countries
that have free trade agreements with the United States.
