MEETING DEMANDS FOR A CLEANER WORLD Not All Nick el is Cr eat ed Equally Less than 40 of world nickel pr oduction comes fr om suldes Sulphide deposits such as those in Sudbur y ar e the primar y sour ce of Class 1 nick el Only Class 1 nickel purity 9998 suitable for EV batt eries Class 2 nickel ferr onick el and nick el pig ir on not suitable for EV batt eries due t o ir on cont ent and impurities common use in stainless st eel So u rce C R U Bl o o mb e rg 26 Nickel demand for batteries has doubled fr om 3 of the world Nickel Market in 2017 to 6 in 2018 This rapidly incr easing demand is alr eady over 12 of Class 1 nickel pr oduction W orld Nickel Market 23 million t onnes per annum