ANZ Bank: Nickel Price to Rise to $19,000 per Tonne

Published: Nov 3, 2017 09:38

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Analyst Daniel Hynes says, concerning supply side, current nickel consumption in battery industry only counts for 6% but in 2025, the market shares will rise to 12%.

SHANGHAI, Nov.3 (SMM)－Analyst Daniel Hynes says, concerning supply side, current nickel consumption in battery industry only counts for 6% but in 20925, the market shares will rise to 12%. Lithium-ion battery needs first-grade refined nickel, which means nick price will probably surge to $19,000 per tonne.

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