How a Nickel Glut Is Reshaping the EV Battery Race

This episode of Energy Economics with Fexingo dives into the global nickel market, which is sitting on a massive oversupply that has crushed prices and upended the economics of electric vehicle batteries. Lucas and Luna break down how Indonesia's rapid expansion of nickel processing has flooded the market, why high-cost mines in Australia and New Caledonia are shutting down, and what this means for the price of EV batteries — and the energy transition itself. They also touch on the broader commodity backdrop, with WTI crude around $79 a barrel and renewable energy ETFs like ICLN struggling. Plus, a brief look at how oil majors are pivoting toward lithium and battery raw materials as demand for nickel grows. Listeners will learn why a metal that was supposed to be a bottleneck may instead become a cheap enabler for electrification. #Nickel #EVBatteries #Indonesia #Commodities #EnergyTransition #ElectricVehicles #LithiumIon #BatteryMetals #NickelMarket #SupplyGlut #FexingoBusiness #BusinessPodcast #Economics #EnergyEconomics #CriticalMinerals #WTI #ICLN #BatterySupplyChain Keep every episode free: buymeacoffee.com/fexingo