The advent of ‘green’ nickel, a pivotal element in the expanding EV battery sector, was met with considerable enthusiasm by consumers aiming to develop a fully low-carbon supply chain. Its potential to significantly impact the energy landscape led to substantial interest from major mining conglomerates.
However,
the market’s response has been less than favourable. Despite the environmental
advantages associated with low-carbon nickel, the market has demonstrated a
marked reluctance to pay a premium for it. This is largely attributed to an
influx of inexpensive nickel from Indonesia, facilitated by Chinese investment
and technological advancements.
The
stark contrast between the initial optimism surrounding green nickel and the
current market dynamics underscores the complexities inherent in transitioning
to sustainable practices. Despite the initial hype, the market continues to
favour inexpensive nickel. This highlights the economic realities that often
impede the adoption of more sustainable alternatives, despite their potential
for long-term benefit.
Greenhouse
Gas Emissions