Deepening nickel deficit forecast as EV market booms

As the world is speeding ahead with a move towards more electric vehicles (EVs), including hybrids, plug-ins and full electric cars, the nickel market is heading for deepening deficits, falling stocks and rising prices. This is the view of Wood Mackenzie principal analyst Sean Mulshaw, who forecasts that the widely anticipated expansion of EV sales will exacerbate the predicted structural shortage in nickel between now and 2025.