Tag: EV battery nickel demand
-
LME nickel prices dip 4% w-o-w amid supply glut concerns
Prices slip from recent highs as persistent surplus continues Vale’s nickel output rises 11% in CY’25 on Onca Puma expansion LME nickel prices averaged $17,050/tonne (t) in the week ended 6 February, slipping 4% from $17,700/t in the prior week. The pullback followed a brief climb to an 18-month high earlier in the month. Initial…