Vietnam's nickel demand expected to increase

An ore crushing plant at Bản Phúc Nickel Mine. Socio-economic development boosted the demand for batteries for electric vehicles. — VGP

HANOI (Vietnam News/Asia News Network): Vietnam has the opportunity to be at the forefront of the global movement towards the electrification of transport, so demand for nickel in Vietnam will continue to rise, experts have said.

It is forecast that the demand for metals used to produce electric batteries, including nickel, will increase due to the rise in electric vehicles. Worldwide nickel reserves are currently estimated at around 89 million tonnes.