Nickel Market at Decisive Point Between Demand, Supply
Nickel is a silvery-white ductile metal mainly used in the production of ferronickel in stainless-steel development as well as other alloys. Thanks to its use in rechargeable nickel-metal hydride batteries and nickel-cadmium batteries, nickel is among a group of metals poised to enjoy massive demand due to the green-energy transition. These metals are expected to run into supply issues in only a few years as suppliers will likely struggle to ramp up production to meet the rising global demand. The need for high-grade nickel, coupled with a lack of active nickel mines and supply chain issues caused by geopolitical events,…
