This was supposed to be the year of nickel's rebound. Some forecasts even had the industrial metal surging 20% to $16,375 per metric ton. And those surging prices were expected to be fueled largely by the massive expansion of the global electric vehicle (EV) market. The global demand for nickel in EV batteries is projected to increase more than tenfold from 2018 to 2025. But, as is so often the case with nickel, that optimism - and those rocketing prices - is easily undone. Read More... |
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