THE nickel industry in the country has remained compelling, driven by growing demand because of its wide range of applications toward smart cities and clean energy, the Philippine Nickel Industry Association (PNIA) said on Tuesday. Besides being a critical component in EV (electric vehicle) batteries, raw nickel ore is also… Shares THE nickel industry in the country has remained compelling, driven by growing demand because of its wide range of applications toward smart cities and clean energy, the Philippine Nickel Industry Association (PNIA) said on Tuesday.
Besides being a critical component in EV (electric vehicle) batteries, raw nickel ore is also processed to create stainless steel which is used in the development of mega cities and in renewable energy technology, the industry said in a statement.
PNIA President Dante Bravo said the current value of investments in the global EV industry alone is at $300 billion and it is expected to grow to $1 trillion as EV sales double within the next five years. headtopics.com
“Clean energy and smart cities cannot be realized without nickel as nickel has cross-cutting use in the development and manufacturing of various clean energy technologies such as EVs, solar panels, power grid systems, wind turbines, and new technologies such as hydrogen-based energy,” he said.