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Nickel: The Metal Powering the Global Energy Transition
🔋 Nickel Reserves Worldwide:
Global nickel reserves are estimated at 95 million metric tons (USGS, 2023). Key reserves include:
Indonesia: ~22 million tons (largest reserve).
Australia: ~21 million tons (rich in high-grade nickel).
Brazil: ~16 million tons.
Russia: ~7 million tons.
Philippines: ~5 million tons.
🔋 India:
Growing EV & renewable energy demand.
Limited domestic reserves; heavily reliant on imports.
Focus: Recycling & international sourcing.
🌏 China:
Largest nickel consumer; dependent on Indonesian imports.
Demand for EV batteries projected to rise from 93 kt (2023) to 379 kt (2040).
🇺🇸 UnitedStates:
Relatively small nickel reserves (~300,000 tons).
Imports dominate; nickel demand for renewables projected to grow from 81 kt (2020) to 987 kt (2040).
🇪🇺 European Union:
Minimal reserves; relies heavily on imports.
EV storage demand could reach 3,352 kt (2040).
Initiative: Battery recycling under the European Battery Alliance.
Global Challenge: Balancing supply with demand through sustainable mining, recycling, and innovation is critical to achieving a green energy future.
Originally published on LinkedIn on 2025-01-09 12:20:12: https://www.linkedin.com/feed/update/urn%3Ali%3AgroupPost%3A3880479-7283095213785427968
