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Nickel

May 30, 2026

India's electric vehicle and stainless-steel sectors face rising nickel prices and supply uncertainties due to the West Asia war.

About Nickel:

  • It is a silver-white shiny appearing metal with the chemical symbol Ni.
  • It is the fifth-most common element on earth and occurs extensively in the earth’s crust and core.
  • Occurrence:
    • It is usually found in laterite deposits.
    • It occurs naturally in soil and water. It is also an essential nutrient for plants. 
    • It is also a common element in meteorites.
  • Properties:
    • It is high ductility, toughness, and provide strength.
    • Nickel occurs principally as oxides, sulphides and silicates in India.
    • It is highly resistant to corrosion and oxidation.
    • It has high thermal and electrical conductivity.
  • India has substantial nickel laterite reserves, particularly in Odisha’s Sukinda region.
  • World Distribution: Indonesia (22%), Australia (21%), Brazil (17%), Russia (7%), Cuba (6%) and Philippines (5%) are the major countries having reserves of Nickel.
  • Applications of Nickel:
    • Alloying Agent: Its biggest use is in alloying – particularly with chromium and other metals to produce stainless and heat-resisting steels.
    • Electric Vehicles: It is an important metal used in several clean energy technologies, especially Electric Vehicles (EVs).
    • Batteries: It is used in batteries, including rechargeable nickel-cadmium batteries and nickel-metal hydride batteries used in hybrid vehicles.
    • Nickel is often used to form protective coatings on other metals using electroplating.

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