BALI, Indonesia -- Demand for nickel, a key component in electric vehicle batteries, is expected to weaken this year as the EV sector shifts toward other battery components and China's economic woes continue, industry players said on Thursday.
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Lumps of mixed hydroxide precipitate containing nickel. Demand for the metal is expected to slow as non-nickel-based EV batteries become more popular and China's economy ails. (Photo by Dimas Ardian)
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