Nickel used in batteries already doubled in 2021. Does it belong in your portfolio?

Posted on by The Toolkit

Nickel used in EVs soared from 8% in 2020 to 13%.

Most analysts expect this trend to accentuate significantly over the next decade.

How big will this awakening be?

Hard to say.

📊 CRU Group

For exposure, here are some names to consider:
– SOUTH32 LIMITED | S32
– Nickel 28 Capital Corp. | NKL
– MINCOR RESOURCES NL | MCR

Are any of these companies in your portfolio?

Nickel resists corrosion and is used to plate other metals to protect them. However, it’s mainly used in alloys such as stainless steel. Nickel is also used in batteries, including rechargeable nickel-cadmium batteries and nickel-metal hydride batteries used in hybrid vehicles.

Keen to dig deeper? Here are some resources for you:

Want to see what I’ve been saying about it? From the serious to the funny and everything in between.

See past tweets

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Here’s the metal in a nutshell:

Nickel in the periodic table of elements
📊 Royal Society of Chemistry

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