Nickel prices have come under intense strain as concerns about the electric vehicle market and rising supplies remain. The closely-watched Dow Jones Commodity Index Nickel price crashed to $490, the lowest level since September last year. Other metals used in the EV industry like lithium and copper have also retreated. Like other products, lithium price action depends on supply and demand. In the past few years, demand for lithium and nickel has been rising as the volume of electric vehicles (EV) jump. According to the IEA, the volume of EV sales in 2023 is expected to rise by 35% to over 14 million. China, Europe, ... (full story)