Due to the development of new energy automobiles and nickel sulfate batteries, the nickel markets became strong gradually.
The improvement of nickel price had great potential among all the metal products in the future. The demands of nickel for battery soared from 2019 to 2020, and the prime period of new energy vehicles development would be at 2020 to 2050. The demands of new energy automobiles were expected to increase if the battery costs dropped rapidly in the future.
It was a sure trend that the development of nickel in batteries accounted for a large proportion because the more nickel percentage it contained, the more mileage of new energy vehicles was raised effectively.

According to Bloomberg New Energy Finance, new energy automobiles would account for 54% in global car sales in 2040. As a consequently, electronic power might turn into the primary fuel-type for automobile in the future.