Nickel Price Forecast: Top Trends That Will Impact Nickel in 2024

Leigha Ramage
April 12, 2024

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Nickel started 2023 high after a rally at the end of 2022, but supply and demand pressures saw the base metal’s price decline throughout the year to close nearly 50 percent lower at US$16,375 per metric ton (MT). Production has increased rapidly in recent years, and oversupply played a big role in nickel’s 2023 price dynamics…
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