The Chinese language marketplace for EV battery nickel elevated 253 p.c in January 2019 in comparison with January 2018, based on a report from analysis agency Adamas Intelligence. China is now the biggest marketplace for battery nickel in passenger EVs.
The expansion is being pushed by a shift from Lithium Iron Phosphate (LFP) to Nickel Cobalt Manganese Oxide (NCM) 523/622 cathodes. In January 2018, Japan and the U.S. have been first and second within the EV battery nickel market. The U.S. has since handed Japan and is now second to China.
Supply: Adamas Intelligence