Nickel price may keep long-term strong
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Update time : 2021-02-02 16:48:09
According to the market report, the current total output of nickel in the whole world was around 5 billion pounds per year.
Although the output seen a lot, the increasing demand was still pressuring the global nickel market, as electric automobiles were becoming more popular in the future.
From some of the market participants' view, the penetration rate of electric cars would become 22-30% in 2030, which might push the nickel price to remain strong in long term.
