Commodity futures, nickel mining stocks among ways for investors to ride nickel rally

INVESTOR interest in nickel is heating up, giving birth to a new nickel miners exchange-traded fund (ETF) last week and allowing Indonesia’s capital markets to defy negative sentiment and launch two nickel-related initial public offerings (IPOs): Merdeka Battery Metals and Harita Nickel.

Jim Rogers, an investor known for creating a commodity index in 1998, believes nickel prices still have room to run, especially since supply is unlikely to be able to keep pace with demand.

China and certain countries in Asia have been pushing for the use of electric vehicles (EVs), said Rogers, adding that EVs need more nickel than petrol-powered cars.