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28 May

Global nickel demand to nearly double by 2050: IEA

The global nickel demand is expected to nearly double by 2050, primarily driven by the increased momentum in the deployment of electric vehicle batteries, according to the International Energy Agency (IEA). However, at the moment, supply is outpacing demand and pressuring prices, which last year alone fell over 40%. In its new report titled Global Critical Minerals Outlook 2024, the IEA says that several factors contributed to the downturn in the nickel market. Th…
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