mo4ch:>Carmakers face supply bottleneck of this crucial metal | Mo4ch News

Demand for battery metals continues to grow, and while carmakers were concerned about a lithium and cobalt shortage in recent years, they seem more concerned about nickel nowadays.Tesla and its battery producer partners, and other automakers and their suppliers, are worried about the longer-term supply of nickel according to a new study by BloombergNEF.The study predicts that EV makers will be driving demand for nickel about 16 times to 1.8 million tons in the next years. Also on rt.comTesla stock continues to crash as Morgan Stanley adds fuel to the fireClass-one nickel, a high-purity material used in batteries, is expected to see demand greatly outstrip supply in the next few years. That will be fueled by meeting the large Chinese EV market, and other global markets where demand is expected to grow.That need for class-one nickel will outstrip supply within five years, according to the study.One problem has been a lack of real investment in new mines for materials including nickel, T…