Norilsk Nickel plans to expand nickel production to meet growing EV demand

摘要

Russian copper and nickel producer Norilsk Nickel unveiled plans to expand its nickel and copper production by 15% over seven years in a presentation to investors in London on Monday November 19.The expansion program, with a base investment of $6.5-7.5 billion, is expected to be approved in early 2019. Norilsk Nickel forecasts its production of class-1 battery-grade nickel grow by 50% by 2025.乬Batteries are the best thing that has happened to nickel in 100 years, since the invention of stainless steel,乭 Norilsk Nickel marketing director Anton Berlin said in an interview with Fastmarkets after the investor presentation.