CSA Global Principal Consultant-Nickel, Tony Donaghy was recently interviewed by Editor Wally Graham at The New World Metals Conference in early December 2019 in Perth, Western Australia.
Tony outlined by 2020, 80% by weight of the preferred battery technology for electric vehicles will be nickel metal.
With projected sales of 90 million EV’s operating by 2025 and 14 million EV’s sold each year by 2025, take-up is expected to be dominated by the Asia Pacific and China markets. Tony outlines that by 2035, we could see a total of 275 million EV’s operating on the ground.
Nickel sulphate and Class 1 nickel is the main product for EV battery production, consumption of Class 1 nickel is estimated to rise by 100-200% by 2030 to feed into the battery market.
The New World Metals Conference (formerly known as the Technology & Low Emission Minerals Conference) covered lithium, graphite, vanadium, cobalt, manganese, magnesium, zinc, nickel, helium, hydrogen, rare earths and other minerals associated with technology, battery storage, and emission-free power transmission.
The accelerating global transport transition from fossil fuels to renewable energy sources is underpinned by the need for energy storage to power Electric Vehicles (EVs). The dominant metal by weight in nearly all preferred battery technologies in current and expected use in EVs is nickel. This presentation will examine traditional nickel sources and markets, current nickel demand and supply, and investigate potential future nickel demand as ‘EV uptake’ in the market increases. The requirements of EV battery producers will require specific types of nickel supply (sulphates/hydroxides) into the future and this will have ramifications on how nickel will be produced and sold.
Tony is an internationally recognised expert in the global search for nickel, copper, cobalt and platinum group elements (PGEs) and a skilled exploration geologist who is familiar with most geological environments and a broad variety of mineral commodities. He has more than 25 years’ experience covering all continents and all aspects of the industry – from , leading continental-scale grassroots targeting exercises, through greenfields and brownfields exploration project design and execution, mining, property evaluation and due diligence, board level strategy development and guidance, to independent regulatory technical reporting and project valuation.
PROUD SPONSOR OF THE NEW WORLDS METALS CONFERENCE 2019