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Why is there demand for nickel and lithium in the first place? Having the same thoughts? Well, this could potentially give you a goo start. Check it here: https://prem.li/RareEarthsSupplyPotentialDemand
It is said that when it comes to precious metals gold has been garnering most of the attention, the improvement in electric vehicles has created possibly an even larger demand- demand for rare earth metals such as nickel and lithium. Although the electronics and energy storage sectors could significantly drive the demand for battery metals, the biggest demand driver may very well be from EVs.
In addition to that, these metals appears to make crucial contributions to the lithium-ion (Li-ion) batteries that power much of these EVs. Check disclaimer on profile and landing page.