What is Nickel Element?

The nickel industry is gearing up for growth, with a flurry of activity as producers look to get their hands on this now-essential battery metal, with the material's use in lithium-ion batteries for electric vehicles constantly on the rise.

In recent years, nickel has become a primary component of lithium-ion battery cathodes, and while current demand for nickel slated for electric vehicle batteries is only 5%, market research firm Roskill predicts in a new report that use in lithium-ion batteries will soon represent the second-largest end-use market for nickel.