In India, the industry is calling for an export ban on steel and iron ore to counter the sharp rise in raw material costs. And EU pension funds see nickel on the upswing in the long term.
EU pension funds see nickel price on long-term upswing
A new survey of 150 European pension funds with total assets of $213 billion shows that the majority (84%) believe the increasing use of nickel in lithium-ion batteries and the accelerated adoption of electric vehicles will drive up the price of the metal in the long term.
45% of funds are thinking about increasing their nickel investments, according to the survey. And only 27% plan to reduce their nickel investments.
India discusses export ban for steel and iron ore
Due to a sharp rise in raw material costs, industry in India is considering an export ban for steel and iron ore. At an online event of the All India Council of Association (AICA) of the Micro, Small and Medium Enterprises (MSMEs), this was discussed quite topically.
It was demanded that an export ban on steel products should be implemented for at least 6 months and 40% of the total steel production should be reserved for MSMEs.
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