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Experts Predict Nickel Prices Will Continue to Drop in 2024

From agmetalminer.com

Will there be a rebound in Chinese nickel purchases in 2024? Furthermore, will it serve to bolster the market in the near term? Following a lengthy period of de-stocking last year, these are just some of the questions with implications for the global nickel price. As the world moves toward cleaner energy sources, certain minerals and metals are now deemed “critical” to the transition. As a key ingredient in electric vehicle (EV) batteries, nickel is one of several elements under the spotlight. On average, most studies project a 60% surge in the demand for battery metals over the next twenty years. Meanwhile, ... (full story)

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  • Category: Fundamental Analysis