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Nickel fires up on fears of supply deficit

Price hits five-year high after Indonesia said it will bring forward export ban of nickel ore to Jan 2020

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Molten nickel being poured at Norilsk Nickel's Nadezhda metallurgical plant in the Arctic city of Norilsk. A booming global EV segment has fuelled a new, burgeoning market for nickel - used to make battery packs or lithium-ion batteries that power EVs.

Singapore

NICKEL is hot.

The base metal price rocketed to a five-year high a few days ago and while it has eased up a jot since, the market remains bullish about the metal that counts stainless steel as its primary end-market.

There are several factors behind nickel's 66 per...

sentifi.com

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