Energy storage boom drives battery shift, leaving nickel, cobalt behind
Investing.comWednesday, May 21, 2025 at 7:17:55 AM
** The energy storage industry is rapidly evolving, with battery manufacturers increasingly moving away from traditional materials like nickel and cobalt. Instead, they're adopting cheaper, more abundant alternatives—such as lithium iron phosphate (LFP)—to meet booming demand for electric vehicles and grid storage. This shift is reshaping supply chains and leaving some mining sectors scrambling to adapt.
What This Means: ** Batteries are the backbone of the clean energy shift, but the tech isn’t standing still. As companies ditch pricey, hard-to-source metals, it could mean cheaper EVs and storage solutions—good news for consumers and the planet. But it’s also a wake-up call for mining regions that bet big on nickel and cobalt, showing how quickly green tech can disrupt old economies.
— Curated via WP Now’s AI editorial system
