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Profit Trends

One Sentence Caused This Metal to Spike

Matthew Carr | Chief Trends Strategist | The Oxford Club

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2020 was supposed to be the year of nickel's rebound.

Some forecasts had the industrial metal surging as much as 20% to $16,375 per metric ton.

But as is so often the case with nickel, that optimism - and rocketing price - is easily undone.

That is, until Tesla CEO Elon Musk promised a "giant contract" to nickel miners that are efficient and environmentally conscious.

That sentence right there drove nickel's price per metric ton from $13,100 to more than $13,700.

To learn more about nickel's spike, click here.

Here's to high returns,

Matthew

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