Nornickel expects nickel demand growth
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Nornickel expects nickel demand growth

November 22, 2021

The company explains the forecast by an increase in the production of electric vehicles.

#ARCTIC. #SIBERIA. THIS IS TAIMYR. By 2030, Nornickel expects an increase in annual demand for nickel by one million tons. The company’s marketing department director Denis Sharypin announced, speaking at the International Forum of the Moscow Exchange – 2021.

“With the increase in the number of electric vehicles, we see that by 2030, the industry will need up to a million tons of nickel per year additionally, having 2.5–2.6 million tons now”, TASS quotes Sharypin.

Nickel is still predominantly used in the production of stainless steel, special steels, and alloys. For example, stainless steel production accounts for about 70 percent of nickel consumption. But the share of nickel use in batteries for electric vehicles in total nickel consumption is growing, the company manager noted:

“This year it will be about 8 percent, but we expect that by 2030 this share may increase to 30 percent, and even more, depending on which scenario electrification goes to the world”.

In addition, an electric car is tested in Norilsk, and the Rosa Hutor resort in Sochi has launched electric vehicles to move around its territory. Also the first electric filling station was opened in Zapolyarny, and a methane one is being built in Norilsk.

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Text: Maria Sokolova, Photo: Olga Polyanskaya

November 22, 2021

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