The emphasis on traditional mining and high-quality domestic sulfide ore deposits in Norilsk will give Russian mining company Nornickel a competitive edge in meeting growing battery demand, the company said in an interview with Fastmarkets.
"I couldn't say it is primarily driving our business model but electric vehicles (EVs) are the best thing to happen to the nickel market since the invention of stainless steel so - yes it's a very promising segment," Nornickel marketing director Anton Berlin told Fastmarkets on November 18.Fastmarkets analysts estimate 500,000 tonnes of refined nickel will be used...