The shift to high nickel batteries is happening right now

Meaningful efforts to increase nickel content in batteries will support an anticipated +560 per cent increase in battery related nickel demand over the next five years (reports Stockhead).
5th June 2020
Resources Rising Stars

Meaningful efforts to increase nickel content in batteries will support an anticipated +560 per cent increase in battery related nickel demand over the next five years (reports Stockhead).

South Korean battery materials maker Posco is now producing cathodes with greater nickel content to meet demand for greater energy density and longer driving range in the next generation of EVs.

A recently completed 25,000-tonne-per-year plant expansion will mass produce cathodes with 65 per cent nickel content, Posco says.

The company ultimately wants to produce new cathode materials that consist of more than 90 per cent nickel.

It’s not the only one. Fellow South Korean battery maker Samsung says that nickel will make up more than 80 per cent of the cathode materials in its fifth-generation EV batteries when commercial production begins in early 2021.

The strategy reflects a push by EV battery makers to increase efficiency and extend driving ranges to help win more contracts from carmakers, according to Argus.

“[Samsung’s] energy density will be increased by more than 20 per cent over current models and driving ranges will reach about 600km,” Argus reports.

“Changing cathode materials recipes also will have a big impact on which metals are most affected by an EV demand boom, as increased nickel content will come at the expense of cobalt.”

Read more at https://stockhead.com.au/resources/the-shift-to-high-nickel-batteries-is-happening-right-now/

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