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The nickel price spike: a lucrative commodity powering the electric vehicle industry

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    The nickel price spike: a lucrative commodity powering the electric vehicle industry

    7 November 2019

    The nickel price spike: a lucrative commodity powering the electric vehicle industry


    Nickel enjoyed a substantial hay day before the GFC in 2008, and, like many base metals, took a massive hit when the lucrative WA mining boom went bust.

    Ever since forecasters have been holding out for the day nickel makes a comeback. Many believed another nickel price hike could appear as early as 2018, but the U.S.
    and China trade war kept prices low and dashed the hopes of many prospective miners.

    As the trade war continues to leave other commodities feeling shaky, nickel should be following a similar pattern. But instead, analysts predict supply for the material is on the rise.

    Click here to view the full article on the Market Herald

    Last edited by je1: 07/11/19
 
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