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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