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Battery metals: Long term demand remains strong

The burgeoning electric vehicle (EV) sector has taken the mining industry by storm in the last five years with the metals and minerals used in the production of battery energy storage, including cobalt, lithium, graphite, nickel and vanadium taking centre stage.

Nickel takes the lead as battery metal of choice

Fitch Solutions’ outlook for nickel over 2020 is more positive as the market will remain in deficit, buoyed by a ban on Indonesian ore exports from January 2020 and ongoing support from the Chinese stainless steel sector.

In September 2017, Anglo Pacific Group PLC (LON:APF) entered into a royalty agreement with Brazilian Nickel Ltd (Brazilian Nickel) to acquire an initial 1% gross revenue royalty over the Piauí nickel-cobalt project.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.