Nickel prices rose on Thursday, April 1, 2021, on a strong demand outlook. While the U.S. dollar fell against its major peers.
Strong demand from the EV industry
Nickel is being buoyed in part by strong demand from the electric vehicle industry.
Stainless steel prices rise in China
China’s domestic stainless steel prices also continue to rise due to good demand.
Nickel on the SHFE up sharply
The nickel price on the Shanghai Futures Exchange is currently on the upswing again and is currently up significantly.
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Disclaimer: Many things here represent our opinion. Others are information from the Internet. We can therefore never claim to be correct or complete. And never base a business decision solely on the news you receive from us.