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Nickel price increases by 30% this year, expected to up further in future

Nickel price increases by 30% this year, expected to up further in future
Issue Time:2019-12-07
nickel price

According to the market price, the nickel price was recently around US$14,000/ton, much higher than the price at the beginning of this year, with approximately 70% increase range, mainly caused by the export ban policy from Indonesia.


However, as the market had already done the reaction of this negative news, the nickel price has slowed to grow, and now was mainly influenced by the market demand.


In the future, the nickel demand had not only come from stainless steel products but also from the electric cars, and the market forecasted that the nickel price would keep continuing in 2020.