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The European Commission’s Joint Research Centre (JRC) has released a report by Roskill that analyzes the EU’s nickel requirements for EV batteries within the context of the global market over a twenty-year forecast horizon to 2040. Nickel sulfate is used directly in the production of Li-ion precursors (blue) and plating (blue).
A gradual increase in the supercapacitor component and decrease of the battery component is in prospect with IDTechEx forecasting that the global market value for supercapacitors will be $6.5 Yunasko and others have demonstrated 35 Wh/kg, with the intermediate supercabatteries, matching lead-acid and NiCd batteries. billion by 2024.
BYD Auto, which is a subsidiary of China-based BYD Group, the leading provider of NiCd batteries (65% global market share) and lithium-ion cell phone batteries (30% global market share), uses BYD lithium-ion iron phosphate cells in its energy storage system. Earlier post.). Earlier post.).
A couple of years ago, the market for nickel sulfate was largely driven by the plating industry and non-Li-ion battery applications such as NiMH and NiCd batteries with stagnated y-o-y growth.
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