Nickel market turmoil spurring EV price hike, switch in battery chemistry: panel

Recent turmoil in the nickel market has been complicated for electric vehicle car manufacturers, spurring EV price rises and encouraging market growth for LFP (lithium iron phosphate) batteries which don’t contain nickel, participants at the FT Commodities Global Summit said March 22. There will be “a significant increase in demand” for cell chemistries that do not contain nickel, said Orral…

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