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Top China Nickel Producer Joins BHP in Prepping for EV Boom

  • Jinchuan to lift supply of nickel sulphate by 40% this year
  • Demand for the metal in vehicle batteries set to surge: BNEF
Nickel ore

Photographer: Carla Gottgens/Bloomberg

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China’s top nickel supplier aims to boost output of a material used in car batteries by 40 percent this year, joining the ranks of global producers ramping up operations to meet demand from electric vehicles.

Jinchuan Group Co. expects to raise production of nickel sulphate to 70,000 metric tons from 50,000 tons in 2017, Simon Bao, vice general manager of its marketing unit, said in an interview in Shanghai. The country is already the world’s largest automotive market and sales of new-energy vehicles may hit 1 million in 2018 after topping 700,000 last year, according to manufacturers.