Procurement Resource Logo
    • Complexity Reduction Tool
    • Digital Should Cost Model
    • Procure 360
    • Sourcing Compass
    • Spend Analytics
    • Sustainability Tracker
    • Pricing Dashboard
  • Industries
    • Agriculture & Farming Commodities
    • Chemicals
    • Energy, Metals and Minerals
    • Flavours and Fragrances
    • Food and Beverages
    • Healthcare
    • Machinery, Electronics and Durables
    • Operating Costs, Logistics and Utilities
    • Packaging
  • Services
    • Category Compass
    • Commodity Compass
    • Supplier Compass
    • Data Analytics & Automation
    • Digital Solutions
    • Blogs
    • News & Articles
    • Newsletter
    • Manufacturing Plant Project Report3000+
    • Production Cost Report2000+
    • Price Trends1000+
Social Media Icon of linkedinCall Support IconSearch Icon
Login

Newsletter

Get Latest News About Procurement Resource Subscribe for News

Procurement

Industries

  • Agriculture & Farming Commodities
  • Chemicals
  • Energy, Metals and Minerals
  • Flavours and Fragrances
  • View All

Services

  • Category Compass
  • Commodity Compass
  • Supplier Compass
  • Data Analytics & Automation
  • Digital Solutions
  • View All

Useful Links

  • Testimonial
  • Press Releases
  • About Us
  • Careers
  • Who We Are
  • Term Of Use
  • Contact Us

Solutions

  • How We Work
  • Tail Spend Management
  • Full Time Engagement
  • Custom Research
  • Subscriptions
  • Resource Center
  • Return/Refund Policy
Copyright © 2026 Procurement Resource. All rights reserved.
  • Social Media icon Twitter i.e X
  • Social Media icon instagram i.e insta
  • Social Media icon linkedin i.e in
  • Social Media icon facebook i.e fb

News and Articles

  1. Home/
  2. News and Articles/
  3. Demand from the EV Sector

Nickel prices have been declining amid lacklustre demand from the EV sector

Blog Detail Image
Aug 14, 2024
˜ Veronica Khanna

Nickel prices have declined due to decreased demand for electric vehicle (EV) battery materials, influenced by cuts in government subsidies. This reduction in EV demand directly affects the need for nickel, essential in battery production.

Additionally, the costs of critical battery components such as cathode materials, cobalt, and copper in China have fallen. An oversupply of lithium carbonate, crucial for lithium-ion battery cathodes, also points to lower battery demand, further depressing nickel prices. This situation is exacerbated by a general decrease in raw material costs within the battery production industry.

Read More About Nickel Production Cost Reports - Get Free Sample Copy in PDF

Globally, nickel prices are dropping amid a wider downturn in non-ferrous metal prices, with a significant real estate slump in China, a major nickel consumer, adding to downward pressures. The market's focus has shifted from speculative interest in nickel's role in renewable energy and EVs to more pronounced selling pressures, signaling a recalibration of demand and supply dynamics in the nickel market.

Recent News & Articles

Manufacturer Transition Triggers Erythromycin Shortage as Azithromycin Becomes Temporary Clinical Alternative
Manufacturer Transition Triggers Erythromycin Shortage as Azithromycin Becomes Temporary Clinical Alternative
European Dimethyl Sulphate Plants Run Near Capacity as Feedstock Pressure Builds in 2026
European Dimethyl Sulphate Plants Run Near Capacity as Feedstock Pressure Builds in 2026
Battery-Grade Caustic Potash Restocking Adds Selective Tightness to Stable European Supply in 2026
Battery-Grade Caustic Potash Restocking Adds Selective Tightness to Stable European Supply in 2026
Almond and Cherry Flavor Notes Keep Benzaldehyde Demand Resilient Across Food and Beverage Formulations
Almond and Cherry Flavor Notes Keep Benzaldehyde Demand Resilient Across Food and Beverage Formulations
June 30 Commerce Department Tariff Update Will Define Copper Market Direction Through Q3 2026
June 30 Commerce Department Tariff Update Will Define Copper Market Direction Through Q3 2026

Tags

#Commodity Prices
#Commodity Prices
#Commodities
#Commodities
#Industrial News
#Industrial News
#Gold
#Gold
#Chemicals
#Chemicals
#Outlook for Potassium Carbonate
#Outlook for Potassium Carbonate
#US Steel Scrap Prices
#US Steel Scrap Prices
#USDA Milk Forecast
#USDA Milk Forecast
#Cheese Prices
#Cheese Prices
#Agriculture Raised
#Agriculture Raised
  • Access independent price trends and market intelligence for thousands of raw materials.
  • Request customised production cost and prefeasibility reports for specific plants or locations.
  • Explore subscription dashboards for continuous tracking of prices, indices, and news.
  • Commission bespoke research on categories, suppliers, or trade flows tailored to your brief.

Our Team will be happy to assist you

We are Just a Text away

+1

Read other news in this category

June 30 Commerce Department Tariff Update Will Define Copper Market Direction Through Q3 2026
June 30 Commerce Department Tariff Update Will Define Copper Market Direction Through Q3 2026
UAW Strike at American Axle Adds Caution to US Ferrous Scrap Procurement as June Trade Opens
UAW Strike at American Axle Adds Caution to US Ferrous Scrap Procurement as June Trade Opens
Zinc Sulfate Procurement Tightens as Zinc Rally Raises Supplier Offers
Zinc Sulfate Procurement Tightens as Zinc Rally Raises Supplier Offers
Stainless Steel Procurement Faces New Customs Checks Under Section 232
Stainless Steel Procurement Faces New Customs Checks Under Section 232
Silver Prices Fall 2.6% as India Imposes Import Licensing and Hikes Silver Import Duties from 6% to 15%
Silver Prices Fall 2.6% as India Imposes Import Licensing and Hikes Silver Import Duties from 6% to 15%