Investor Presentaiton
NAC
NICKEL ASIA CORP.
20
EV MASS ADOPTION WILL DRIVE NI DEMAND & SUPPLY
BOOST IN NICKEL DEMAND
FROM THE EV MEGATREND
Ni demand for battery use will
rise rapidly from 11% in 2021 to
31% in 2030 driven by strong
EV sales and high-nickel NCM
cathode component in Li-ion
batteries
+
STAINLESS STEEL's RESILIENT
GROWTH REMAINS
Demand for stainless steel
expected to grow at a CAGR of
3.3% between 2021 and 2030,
increasing from 58.7 Mt in 2021
to 78.1 Mt in 2030
EV DEMAND WILL DRIVE
HEALTHY NICKEL SUPPLY
AND PRICES
Nickel prices need be
sustained at a level that
will incentivize investment
new nickel processing
capacity
CRU forecasts long term
nickel prices at $20k/t Ni
Primary nickel demand by end-use sector, 2016-2030, kt Ni
6,000
5,000
4,000
3,000
2,000
1,000
0
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Stainless Steel (SS) Alloy steel
Non-ferrous alloys
Plating Batteries Others
Stainless steel demand by region, 2016-2030, Mt gross weight
Figure 52 Long term LME Ni price outlook, 2021-2030, nominal S/t Ni
90,000
Medium term price forecast
Long term forecast
80,000
30,000
70,000
24,074
25,000
60,000
50,000
20,000
40,000
20,184
17,033
30,000
15,000
20,000
10,000
10,000
0
5,000
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
2016
2018
2020
2022
2024
2026
2028
2030
China Europe India Indonesia Japan North America Other Asia Rest of world
Source: CRU
DATA: CRUView entire presentation