BASE METALS

Indonesian supply to pressure nickel prices in 2022

A wave of new Indonesian supply should see nickel prices soften in 2022 before strong EV-led demand provides bullish impetus in the years that follow.

Nathan Richardson
Nickel is a key component in lithium-ion batteries for EVs

Nickel is a key component in lithium-ion batteries for EVs

Higher prices in 2021 have largely been a story of supply constraints. "This year has been characterised by mounting production losses from non-Indonesian supply (including most of the major producers)...

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