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Nickel has a future despite low prices
Nickel prices are at a five-year low, but the long-term outlook tells a different story. Read our expert's analysis to uncover the trends and long-term outlook. Nickel prices (LME, refined grade 1) fell to USD 14,280 per ton on 21 November, down 9.5% year-on-year, reaching their lowest level since October 2020 and underperforming compared to other base metals such as copper and aluminum (Figure 1) In the short term, prices are expected to remain close to their current lows, around $14,000/ton in the first quarter of 2026 says Simon Lacoume, sector economist. Persistent supply surplus driven by Indonesia This downward ... (full story)