EVs stimulate nickel demand growth in 2021 despite chip shortage: analysts

Despite the semiconductor chip shortage holding back new car sales, electric vehicles were prioritized last year, stimulating demand growth for nickel, UBS analysts said in a research note. EV sales in core markets, such as China, Europe and US saw a rise of around 130% on the year to over 3 million units in 2021. The Swiss multinational investment bank…