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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

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.


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...