NICKEL DEMAND INCREASING VIA ELECTRIC VEHICLES - Interesting news report from Australia about Nickel demand increasing via electric vehicles.
Interesting news report from Australia about Nickel demand increasing via electric vehicles. My own feeling is that if electric vehicles do increase in demand and eventually go mainstream, then Nickel and other battery metals will only continue to increase in price. Look at a year chart of Cobalt for example.
Over the last year the Nickel price has been creeping up and the inventories have started to fall, but with little investment awareness. On top of that only Nickel class 1 is suitable for batteries in electric vehicles, which is rarer to find and mine.
If Nickel reaches $20,000 per tonne then more and more of these kinds of news reports will be made. Interesting times ahead for Nickel.
The Next Bull Market Move.
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