📉 Nickel Market Update – January 2025 📉
- sreeramspf
- Jan 22
- 1 min read
📉 Nickel Market Update – January 2025 📉
As of January 21, 2025, the nickel market in a challenging phase by oversupply and moderated demand. Analysts at ING estimate that nickel prices will average US$15,700 per metric ton in 2025.hashtag#steel hashtag#price
🔍 Key Factors Shaping the Market:
Increased Production: Major producers like Indonesia and China have significantly ramped up nickel output. Indonesia, in particular, has been at the forefront of production boom. hashtag#production
Slower Demand Growth: Demand from the (EV) sector has fallen short of expectations due to a shift towards (LFP) batteries, which do not use nickel.
🌍 What Lies Ahead: hashtag#nickel hashtag#overview
The nickel market in landscape heavily influenced by technological shifts.
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