Nickel batteries could further lose spark as Indonesian production costs surge

Nickel-based batteries could lose further market share amid rising production costs for a key battery input predominantly sourced from Indonesia, according to industry participants and experts. Higher input costs have raised prices for mixed hydroxide precipitate, an intermediate nickel product used in electric vehicle batteries. Indonesia, the world’s largest nickel producer, is home to severalNickel-based batteries could lose further market share amid rising production costs for a key battery input predominantly sourced from Indonesia, according to industry participants and experts. Higher input costs have raised prices for mixed hydroxide precipitate, an intermediate nickel product used in electric vehicle batteries. Indonesia, the world’s largest nickel producer, is home to severalRead More