June 1, 2018 – Millicent Dent
The need “is only going to increase on this side of [the] primary material impact, particularly as it comes to nickel,” Ajay Kochhar, president and chief executive officer of Li-Cycle Corp, told attendees at Metal Bulletin’s sixth International Nickel Conference on Friday, June 1.
Demand for nickel will only grow over the coming years as the EV revolution takes off, likely boosting prices and diminishing supply. The more nickel that is able to be obtained from used batteries, the better for consumers of nickel.
The London Metal Exchange’s three-month nickel contract closed at $15,200 per tonne ($6.89 per lb) on Friday, up 19.4% from $12,730 per tonne on January 2, the first trading day of the year.