Demand from electric vehicles boosts nickel prices-Shanghai Metals Market

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Demand from electric vehicles boosts nickel prices

Translation 02:37:18PM May 04, 2019 Source:Huitong network

SMM News: demand from electric vehicles boosts nickel prices:

Nickel, up 15 per cent this year, is the best performing metal for LME, due to projected supply shortages and increased demand for batteries from electric vehicles;

Although nickel prices have fallen from the six-month high hit in February, analysts expect LME spot nickel to rebound to an average of $13227 a tonne by the third quarter, up 9 per cent from its current level.

3 speculators usually buy nickel futures as a low-cost, highly liquid tool to build electrified positions, said Daniela Corsini, an analyst at (INTESA SANPAOLO) in Milan

Key Words:  Electric vehicles  demand  price 

Demand from electric vehicles boosts nickel prices

Translation 02:37:18PM May 04, 2019 Source:Huitong network

SMM News: demand from electric vehicles boosts nickel prices:

Nickel, up 15 per cent this year, is the best performing metal for LME, due to projected supply shortages and increased demand for batteries from electric vehicles;

Although nickel prices have fallen from the six-month high hit in February, analysts expect LME spot nickel to rebound to an average of $13227 a tonne by the third quarter, up 9 per cent from its current level.

3 speculators usually buy nickel futures as a low-cost, highly liquid tool to build electrified positions, said Daniela Corsini, an analyst at (INTESA SANPAOLO) in Milan

Key Words:  Electric vehicles  demand  price