[the limit of non-ferrous nickel rises to an all-time high and capacity is expected to be released on a large scale within five years.] on January 20, Shanghai Nickel strongly broke the $24000 / ton mark, the first time in more than a decade and reached an all-time high. LME nickel has also hit a 10-year high, with LME nickel prices up nearly 17% again in less than three weeks so far this year. Industry insiders say that high nickel and iron lithium are the two main directions of electric vehicles in the future. The main models of mainstream car companies in the international market are high-nickel routes. As the cost advantage of upstream raw materials of high nickel ternary battery over lithium carbonate is gradually highlighted, and the production capacity of overseas nickel and cobalt will be gradually recovered.