Vale cutting nickel production, targets EV demand

Vale SA plans to reduce its nickel production in the short term to capitalize on the metal's future potential use in electric vehicles (EVs), according to a company executive.

EVs present a “transformational moment for the [nickel] industry,” Vale executive director of base metals Jennifer Maki said at Vale’s annual investor day at the New York Stock Exchange on Wednesday December 6.
Indeed, high-nickel-content lithium-ion batteries are growing in popularity for use in EVs.

But the bulk of metals...

Published

Millicent Dent

December 08, 2017

01:41 GMT

New York