Nickel Price OutlookNickel prices strengthened in August on the back of supply concerns and upbeat demand in China. On 11 September, nickel traded at USD 15,049 per metric ton, which was 5.3% higher than on the same day in the previous month. Meanwhile, the price was 16.2% lower than on the same day a year ago but was up 7.9% on a year-to-date basis. Nickel prices gained traction over the past month largely owing to a notable slump in output in the Philippines—a key exporter—due to the coronavirus health crisis. In H1, nickel extraction in the Philippines plunged by nearly a third due to lockdown measures which disrupted mining operations. Meanwhile, upbeat industry data from top nickel consumer China provided a further boost for prices: Firming factory activity and increasing car sales in August indicated that the economy is on the road to recovery from the Covid-19 induced downturn and raised optimism among investors.
Nickel Price History Data (USD per metric ton, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Nickel Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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