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Nickel prices rose on Thursday, April 1, 2021, on a strong demand outlook. While the U.S. dollar fell against its major peers.

Nickel rises on falling dollar and strong demand outlook
Nickel rises on falling dollar and strong demand outlook

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.

Source: gerber-steel.com

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