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.

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:
- International Nickel Study Group
- Nickel Institute
- Nickel by Geoscience Australia
- Nickel facts by Natural Resources Canada
- Nickel pricing by Trading Economics
- LME Nickel by London Metal Exchange
- The World’s Largest Nickel Mining Companies by Visual Capitalist
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Here’s the metal in a nutshell:
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