By Matthew Carr Nickel prices recently jumped after Tesla’s conference call. The trending EV market is creating more demand for the metal. Trends Expert Matthew Carr explains what this means for investors.
This was supposed to be the year of nickel’s rebound.
Some forecasts even had the industrial metal surging 20% to $16,375 per metric ton.
And 2020 was supposed to be only the beginning. Nickel prices were projected to top $25,000 per ton by 2025 and $28,000 per ton by 2027.
Those are levels the metal hasn’t seen since the booming glory days of 2006.
And those surging prices were expected to be fueled largely by the …read more
