After several years of negotiation between EU institutions, the EU Carbon Border Adjustment Mechanism (CBAM) Regulation was adopted in 2023.
The new EU Battery regulation has implications for nickel producers both inside and outside Europe. If they are supplying material to the EU battery chain destined for the European market all producers need to comply with the new rules.
Batteries, notably those used in electric vehicles, play an essential role in the plans of the European Commission to deliver the EU Green Deal. They are considered as a critical and strategic technology to achieve Europe´s ambitious climate change mitigation targets and to move towards green and sustainable mobility.
Nickel-based alloys and nickel-containing stainless are playing key roles in an emerging source of renewable energy known as thermal solar plants or concentrated solar power (CSP). Their use has enabled the industry to overcome challenges in heat transfer and thermal storage technology.
The present-day principal driver in the Li-ion industry is the large batteries required for electric vehicles. Due to the size of these batteries and the relative growth of electric vehicles it is predicted that the total Li-ion energy capacity will exceed one tera watt-hour by 2030. This anticipation for a dramatically rapidly expanding industry has stakeholders all along the value chain very motivated to be ready.
When Courtney Love wrote this she was not thinking about rockets. It is, however, a perfect description of the history of rocketry. Until the Elon Musk revolution.
Space is hard but nickel makes it possible. The United States of America, through the private company SpaceX, imminently expects to regain its independent way into space.
Should we be worried about there being enough nickel to supply the transition to electric vehicles and cleaner energy sources? Given its wide range of uses in important existing and emerging technologies, this is a frequently asked question.