PRESS ROOM
Nickel's price dip appears inconsistent with long term prospects
Friday 23rd April '21
Nickel prices retreated sharply at the start of March and remain considerably below their recent peak in February. Nickel prices fell when Tsingshan – a Chinese metal company – announced that it would be able to supply the market with nickel matte from nickel pig iron (a low-quality ferronickel) that will be able to meet battery-grade standard. This possibility eases some of the tightness that has propelled nickel prices in the last half-year. However, we still think that class I nickel supply (suitable for battery grade chemistry) remains very tight over the coming years.