What is Nornickel's goal for its palladium-based catalyst in lithium-sulphur batteries, and why is it significant for palladium demand?

Nornickel aims to complete development of a palladium-based catalyst for lithium-sulphur (Li-S) batteries within three years to extend their lifespan to more than 1,000 charging cycles — addressing the key barrier to mass-market adoption. If successful, this would open 'huge new markets for palladium', with estimated potential demand of at least 1.5 million ounces per year, helping offset declining autocatalyst demand as electric vehicles replace internal combustion engines.

How does Nornickel plan to diversify palladium demand beyond traditional automotive catalysts, and what are its near-term and long-term targets?

Nornickel has opened a palladium laboratory in Moscow to develop new applications beyond autocatalysts — which currently account for over 80% of global palladium demand — and is investing $100 million in a programme targeting ~1.7 million troy ounces of new annual palladium demand by 2030–2035. A near-term commercial application has already been identified in fibreglass production in China, while the Li-S battery catalyst represents a strategic long-term opportunity.

Nornickel seeks new market for palladium in EVs with catalyst for lithium-sulphur batteries

Apr 14, 2026

Russia's Nornickel aims to develop a palladium-based catalyst for lithium-sulphur batteries within three years to extend their lifespan. Successful implementation could create significant new demand for palladium in electric vehicles.

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Nornickel seeks new market for palladium in EVs with catalyst for lithium-sulphur batteries

Nornickel seeks new market for palladium in EVs with catalyst for lithium-sulphur batteries

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