RANKED: World’s top 10 nickel projects – 2021

While nickel is mostly used for stainless steel, the base metal has begun to take centre stage in the production of batteries in electric vehicles, as it is expected that original equipment manufacturers will increasingly use high-nickel cathode battery chemistries.

The global nickel market is currently running at a surplus, but a supply deficit is expected to form in 2027 – and remain as demand accelerates.